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9814 E Piedra Drive Scottsdale, AZ 85255

3 Beds 4 Baths 3,110 sqft Built 2014

$1,100,000

List Price

$4,760

$4.5K - $5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $353.70
  • 3 Days on Market
  • MLS # : 6179875
  • Updated Date : 01/16/2021 at 15:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,110 sqft
  • Baths : 3 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This is a wonderful opportunity to live in the prestigious community of Windgate Ranch. This fabulous home offers Two master suites plus another bedroom and then an office. So many upgrades to mention. Stunning and tastefully appointed. Gorgeous pool and spa with gas raised fire pit, stunning mountain views and wonderful BBQ entertaining area. This is a 10 plus.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: McDowell Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k646k

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

Neighborhood: McDowell Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Copper Ridge School Primary Regular 1,089 55 8
Copper Ridge School Middle Regular 1,089 55 8
Chaparral High School High Regular 2,053 87 7

Copper Ridge School

  • Education Level: Primary
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Copper Ridge School

  • Education Level: Middle
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$4,284$5,236$4,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,760
EXPENSES Loan Payment -$3,821
Property Tax -$532
Property Insurance -$88
HOA -$298
Property Management Fees -$99
CASH FLOW
-$78

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.

$1,100,000

PROJECTED PRICE

$4,760

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

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$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$54,899

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
  • $4,183

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6003$3,6954$4,0005$5,100
$5,100
RENT COMPS ANALYSIS
  • 9814 E Piedra Drive Scottsdale, AZ 1
    • 3 beds 4 baths ∙ 3,110 Sqft ∙ Built 2014 3 beds 4 baths ∙ 3,110 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9451 E Trailside View Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,017 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,017 Sqft ∙ Built 2004
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.19
    •  
  • 18386 N 94th Way Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,960 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,960 Sqft ∙ Built 2007
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $1.25
    •  
  • 18146 N 93rd Place Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 3,052 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,052 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.31
    •  
  • 18491 N 97th Way Scottsdale, AZ 5
    • 3 beds 4 baths ∙ 3,137 Sqft ∙ Built 2012 3 beds 4 baths ∙ 3,137 Sqft ∙ Built 2012
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,100
    • $1.63
    •  
PROPERTY LISTING DETAILS
Joanna Wilkins
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179875
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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