Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9990 E Carol Avenue Scottsdale, AZ 85258

2 Beds 2 Baths 1,768 sqft Built 1983

$530,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $299.77
  • 2 Days on Market
  • MLS # : 6193861
  • Updated Date : 02/12/2021 at 23:56
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,768 sqft
  • Baths : 2 full
Listing Agent

Re/max Excalibur

Listing Agent's Description

Don't miss this One! Home Comes fully furnished! Mission Monterey is one of the best subdivisions in Scottsdale Ranch. Located on a Quiet cul-de-sac, set back from busy streets. This home has perfect curb appeal. Enjoy the Gated Front Courtyard that leads to a fully developed backyard Patio with little or no maintenance. Updated Kitchen with Breakfast Bar, Master Suite has a Private Courtyard, Upgraded Bathroom with Large Soaker Tub, Tall Vanities and Enlarged Shower. New AC (2019) and Roof (2009). This Resort Style Complex has a Heated Community Pool, Spa and is located in close proximity to Shopping and Fine Restaurants.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mission Monterey

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Mission Monterey

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
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
 

$477,000$583,000$530,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,841
Property Tax -$248
Property Insurance -$62
HOA -$177
Property Management Fees -$99
CASH FLOW
$4

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.

$530,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.9%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$29,438

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
  • $2,493

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,2874$2,4255$2,500
$2,500
RENT COMPS ANALYSIS
  • 9990 E Carol Avenue Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,768 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,768 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10912 E Gary Road Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,535 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,535 Sqft ∙ Built 1986
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.27
    •  
  • 10481 E Bella Vista Drive Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,689 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,689 Sqft ∙ Built 1985
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,287
    • $1.35
    •  
  • 10103 N 101st Street Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,650 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,650 Sqft ∙ Built 1986
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $1.47
    •  
  • 10263 N 101st Street Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 1985
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.55
    •  
PROPERTY LISTING DETAILS
Tiffany Haynes
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193861
Last Updated: 02/12/2021
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.

BESbswy