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9907 E Topaz Drive Scottsdale, AZ 85258

3 Beds 3 Baths 3,013 sqft Built 1982

$1,280,000

List Price

$4,020

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $424.83
  • 1 Days on Market
  • MLS # : 6261473
  • Updated Date : 07/13/2021 at 19:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,013 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Here's the chance to own on the most desirable street in all of Scottsdale Ranch. Mature landscaping and low slung neighbors give the feel of being the only one on the street. This remodeled home has been expanded to over 3000 ft. adding an additional dining/office wing and living area. You'll fall in love with this modern mediterranean and it's beautiful courtyards that promote indoor/outdoor living spaces and privacy from the the street. Remodeled master bath with massive his/her shower. White designer kitchen. Massive quartz island for entertaining with built in wine fridge. Huge bay windows and sliders offer tons of natural light into the vaulted ceiling living areas. This is a truly special property that wont last long. Less than 1 mile from Scottsdale's famous Greenbelt.

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
 

$1,152,000$1,408,000$1,280,000

PURCHASE PRICE

$3,618$4,422$4,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,020
EXPENSES Loan Payment -$4,446
Property Tax -$599
Property Insurance -$86
HOA -$3
Property Management Fees -$99
CASH FLOW
-$1,212

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.

$1,280,000

PROJECTED PRICE

$4,020

PROJECTED RENT

0.31%

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$344,950

INVESTMENT

$344,950

Down Payment
$320,000
Rehab Estimate
$5,750
Closing Costs
$19,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,446

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $320,000
Loan Amount $960,000
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$6,067

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
  • $4,866

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,0903$5,0004$5,0005$5,295
$5,295
RENT COMPS ANALYSIS
  • 9907 E Topaz Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 3,013 Sqft ∙ Built 1982 3 beds 3 baths ∙ 3,013 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10420 N 101st Place Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 3,036 Sqft ∙ Built 1989 3 beds 3 baths ∙ 3,036 Sqft ∙ Built 1989
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,090
    • $1.35
    •  
  • 10207 N 98th Place Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,196 Sqft ∙ Built 1982 4 beds 3 baths ∙ 3,196 Sqft ∙ Built 1982
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.56
    •  
  • 10304 E Clinton Street Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 1984
    LEASED 06/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.76
    •  
  • 10401 N 100th Street #5 Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,965 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,965 Sqft ∙ Built 1986
    LEASED 05/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $5,295
    • $1.79
    •  
PROPERTY LISTING DETAILS
Jeremy Brown
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6261473
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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