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9775 E Turquoise Avenue Scottsdale, AZ 85258

3 Beds 3 Baths 2,656 sqft Built 1985

$980,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $368.98
  • 1 Days on Market
  • MLS # : 6263602
  • Updated Date : 07/13/2021 at 19:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,656 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

This beautiful remodel is 3 beds/ 2.5 baths PLUS AN OFFICE w/ high vaulted ceilings & plenty of natural light. Single story home located in the fabulous Mirador neighborhood of Scottsdale Ranch. Modern features throughout including wood plank tile floors, white shaker cabinets, waterfall quartz countertops, subway tile backsplash, Whirlpool stainless steel appliances, & stackstone fireplace. Large private master suite features vaulted ceilings, bathroom barn door for privacy, double sinks, beautiful tub, & expanded shower with tile surrounds across entire vanity wall. Large covered patio, grassy backyard, and mature trees for excellent foliage. Great location just mins to the park. Great room TV and Ring Doorbell to convey with the home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k666k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Scottsdale Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453231

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Laguna Elementary School Primary Regular 546 29 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Laguna Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 29
9
GreatSchools Rating

Mountainside Middle School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 36
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$882,000$1,078,000$980,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$3,404
Property Tax -$458
Property Insurance -$79
HOA -$3
Property Management Fees -$99
CASH FLOW
-$793

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$980,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$265,450

INVESTMENT

$265,450

Down Payment
$245,000
Rehab Estimate
$5,750
Closing Costs
$14,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,404

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $245,000
Loan Amount $735,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$8,497

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,420

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$3,1504$3,8005$4,000
$4,000
RENT COMPS ANALYSIS
  • 9775 E Turquoise Avenue Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10090 E Becker Lane Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,576 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,576 Sqft ∙ Built 1982
    property image
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.01
    •  
  • 10104 E Clinton Street Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 1983
    property image
    LEASED 03/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.23
    •  
  • 9816 E Cinnabar Avenue Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.43
    •  
  • 9907 E Desert Cove Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,705 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,705 Sqft ∙ Built 1977
    property image
    LEASED 06/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.48
    •  
PROPERTY LISTING DETAILS
Rosie Derryberry
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263602
Last Updated: 07/13/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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