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9918 E Desert Beauty Drive Scottsdale, AZ 85255

6 Beds 4 Baths 4,960 sqft Built 2013

$1,839,000

List Price

$6,900

$6.7K - $7.2K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $370.77
  • 5 Days on Market
  • MLS # : 6162022
  • Updated Date : 11/18/2020 at 14:51
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,960 sqft
  • Baths : 4 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

MUST SEE Verandah floor plan in guard gated Windgate Ranch! Built in 2013 w/modern finishes this 6 bedroom w/ upstairs mega playroom and downstairs office sits on a Huge North/South exposure lot. Chef's kitchen w/ high end appliances incl. 48'' fridge w/oversized island, and custom cabinetry. Huge family room boasts wide open concept living that leads to an oversized resort yard w/swimming pool/spa surrounded by travertine pavers, built-in bbq/fire/lounge covered kitchen & putting green w/ large grassy area and lush landscaping. Other upgrades include wood floors, tile, solid alder doors, custom lighting, technology/cameras etc. This is a rare combination of a great floor plan, massive lot, w/ great finishes and enough room for a large family w/plenty of room to roam! Welcome Home

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
 

$1,655,100$2,022,900$1,839,000

PURCHASE PRICE

$6,210$7,590$6,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,900
EXPENSES Loan Payment -$6,785
Property Tax -$860
Property Insurance -$124
HOA -$298
Property Management Fees -$99
CASH FLOW
-$1,266

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.

$1,839,000

PROJECTED PRICE

$6,900

PROJECTED RENT

0.38%

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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$493,085

INVESTMENT

$493,085

Down Payment
$459,750
Rehab Estimate
$5,750
Closing Costs
$27,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,785

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $459,750
Loan Amount $1,379,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$31,393

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $6,900

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $7,390

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$6,500
1$6,5002$6,9003$7,5004$8,000
$8,000
RENT COMPS ANALYSIS
  • 9918 E Desert Beauty Drive Scottsdale, AZ 2
    • 6 beds 4 baths ∙ 4,960 Sqft ∙ Built 2013 6 beds 4 baths ∙ 4,960 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $6,900
    • $1.39
    •  
  • 10089 E Ridgerunner Drive Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 4,657 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,657 Sqft ∙ Built 2007
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.40
    •  
  • 17998 N 97th Place Scottsdale, AZ 3
    • 5 beds 4 baths ∙ 4,960 Sqft ∙ Built 2012 5 beds 4 baths ∙ 4,960 Sqft ∙ Built 2012
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,500
    • $1.51
    •  
  • 9222 E Rimrock Drive Scottsdale, AZ 4
    • 5 beds 6 baths ∙ 5,139 Sqft ∙ Built 1995 5 beds 6 baths ∙ 5,139 Sqft ∙ Built 1995
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $8,000
    • $1.56
    •  
PROPERTY LISTING DETAILS
Tim Halmekangas
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162022
Last Updated: 11/18/2020
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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