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9900 E Jasmine Drive Scottsdale, AZ 85260

5 Beds 3 Baths 3,264 sqft Built 2006

INVESTimate

$829,000

List Price

$3,240

$2,990 - $3,490

Rent Est.

$860,668  ( +3.82%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $253.98
  • 7 Days on Market
  • MLS # : 6119248
  • Updated Date : 08/20/2020 at 10:39
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,264 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

STUNNING 5 bedroom, 3 bath plus office home located in the highly sought after gated community of Trails North at Horseman subdivision is a MUST SEE! Grand two story entryway greets you as you enter this exquisite home. Chef's kitchen boasts cherry cabinets, Granite countertops, walk-in pantry, stainless steel appliances, double ovens, gas cooktop, water softener and Kitchen Island with breakfast bar for additional seating. Kitchen opens up to a breakfast room and family room with a gas fireplace. After a long day unwind in your master retreat which features an additional room that can be used as a nursery, office, meditation room or sitting room.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trails North at Horsemans Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k628k

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

Neighborhood: Trails North at Horsemans Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453097

* 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
Desert Canyon Elementary School Primary Regular 503 25 10
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Desert Canyon Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 25
10
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
 

$746,100$911,900$829,000

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$3,059
Property Tax -$388
Property Insurance -$91
HOA -$94
Property Management Fees -$99
CASH FLOW
-$490

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.

$829,000

PROJECTED PRICE

$3,240

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.82%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$225,435

INVESTMENT

$225,435

Down Payment
$207,250
Rehab Estimate
$5,750
Closing Costs
$12,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $207,250
Loan Amount $621,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$19,624

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
  • $3,713

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9753$3,3004$4,2005$4,650
$4,650
RENT COMPS ANALYSIS
  • 9900 E Jasmine Drive Scottsdale, 1
    • 5 beds 3 baths ∙ 3,264 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,264 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9939 E Acacia Drive Scottsdale, 2
    • 4 beds 3 baths ∙ 3,374 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,374 Sqft ∙ Built 2005
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $0.88
    •  
  • 9900 E Bahia Drive Scottsdale, 3
    • 5 beds 3 baths ∙ 3,374 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,374 Sqft ∙ Built 2006
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.98
    •  
  • 17360 N 96th Way Scottsdale, 4
    • 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 2017
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.32
    •  
  • 10858 E Cosmos Circle Scottsdale, 5
    • 4 beds 4 baths ∙ 3,404 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,404 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $1.37
    •  
PROPERTY LISTING DETAILS
Kelly Cook
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119248
Last Updated: 08/20/2020
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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