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9842 E Camino Del Santo -- Scottsdale, AZ 85260

3 Beds 2 Baths 1,782 sqft Built 1984

$620,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $347.92
  • 2 Days on Market
  • MLS # : 6181948
  • Updated Date : 01/17/2021 at 00:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,782 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

**Location, Location, Location** Beautifully Renovated 3 Bedroom 2 Bath Home in Sweetwater Ranch Foothills** Walking Distance to Cheyenne Traditional Elementary School** Features an Open Great Room Floor Plan w/Fireplace and Vaulted Ceilings. White Shaker Cabinets, Quartz Counters and SS Appliances. Wood Plank Porcelain Tile Floors throughout the Home. Designer Tile in both Bathrooms. Free Standing Tub w/Faucet in Master Bath. Fresh Paint Inside and Out. Epoxy in Garage. Stunning Backyard with Newly Refinished Pool, Low Maintenance Synthetic Grass and New Landscaping.**New Double Pane Vinyl Windows**New Roof** New A/C w/Return and Supply Ducting Installed**Corner Lot**Show It Today!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sweetwater Ranch Foothills at Sweetwater Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Sweetwater Ranch Foothills at Sweetwater Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
Redfield Elementary School Primary Regular 513 33 8
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Redfield Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 33
8
GreatSchools Rating

Desert Canyon Middle School

  • Education Level: Middle
  • # of students: 566
  • # of teachers: 29
8
GreatSchools Rating

Desert Mountain High School

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

$558,000$682,000$620,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$2,153
Property Tax -$290
Property Insurance -$62
HOA -$4
Property Management Fees -$99
CASH FLOW
-$359

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$620,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,050

INVESTMENT

$170,050

Down Payment
$155,000
Rehab Estimate
$5,750
Closing Costs
$9,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,153

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $155,000
Loan Amount $465,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$10,917

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $2,263

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2503$2,3454$2,4005$2,700
$2,700
RENT COMPS ANALYSIS
  • 9842 E Camino Del Santo -- Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.26
    •  
  • 9685 E Sutton Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1985
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.15
    •  
  • 9781 E Pershing Avenue Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1984
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $1.25
    •  
  • 9633 E Camino Del Santo -- Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1984
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.26
    •  
  • 9656 E Camino Del Santo -- Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1985
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.42
    •  
PROPERTY LISTING DETAILS
Sophie Zalinski
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181948
Last Updated: 01/17/2021
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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