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10450 N 117th Place Scottsdale, AZ 85259

6 Beds 5 Baths 3,907 sqft Built 1999

$999,000

List Price

$4,590

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $255.69
  • 3 Days on Market
  • MLS # : 6154537
  • Updated Date : 11/01/2020 at 15:16
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,907 sqft
  • Baths : 4 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

BEAUTIFUL HOME IN GATED MONTANA RANCH! WIDE OPEN FLOOR PLAN YOU'LL LOVE! TIMELESS KITCHEN RICH ALDER WOOD CABINETS, TRAVERTINE FLOORS, ALL STAINLESS STEEL APPLIANCES, GRANITE COUNTERS, & OVERLOOKS HUGE FAMILY ROOM. 2 LARGE FAMILY ROOMS! SPLIT FLOOR PLAN HAS 6 TRUE BEDROOMS OR 5 AND A DEN, FORMAL DINING OR OFFICE,YOU PICK BUT IT HAS A CLOSET! MASTER HAS HUGE WALK IN CLOSET, FIREPLACE, LARGE PRINCESS TUB,WALK IN SHOWER & WALKS OUT TO HEATED POOL & SPA. COVERED PATIO OVERLOOKS VERY SPECIAL BACK YARD, SO PRIVATE! NO HOMES BEHIND YOU! BONUSES ARE POOL BATHROOM & OUTSIDE SHOWER, FIREPLACE, LOTS OF NOOKS & CRANNIES FOR GARDEN, PLAY OR MORE! MONTANA RANCH HAS COMMUNITY POOL,SPA,TENNIS, SWING SETS, GRASSY PLAY AREA, BASKETBALL, VOLLEYBALL & CLUB HOUSE. ALSO OFFERED TURN KEY! FULLY FURNISHED!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Montana Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k968k

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

Neighborhood: Montana Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000Rent in $10455263

* 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
 

$899,100$1,098,900$999,000

PURCHASE PRICE

$4,131$5,049$4,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,590
EXPENSES Loan Payment -$3,686
Property Tax -$488
Property Insurance -$103
HOA -$180
Property Management Fees -$99
CASH FLOW
$34

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.

$999,000

PROJECTED PRICE

$4,590

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.8%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,686

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$73,171

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,590

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $4,532

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,2503$4,5004$4,5905$5,600
$5,600
RENT COMPS ANALYSIS
  • 10450 N 117th Place Scottsdale, AZ 4
    • 6 beds 5 baths ∙ 3,907 Sqft ∙ Built 1999 6 beds 5 baths ∙ 3,907 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $4,590
    • $1.17
    •  
  • 12055 E Mercer Lane Scottsdale, AZ 1
    • 6 beds 3 baths ∙ 3,804 Sqft ∙ Built 1999 6 beds 3 baths ∙ 3,804 Sqft ∙ Built 1999
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.00
    •  
  • 12162 E Paradise Drive Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 3,935 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,935 Sqft ∙ Built 1996
    LEASED 06/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.08
    •  
  • 11942 E Ironwood Drive Scottsdale, AZ 3
    • 5 beds 4 baths ∙ 3,885 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,885 Sqft ∙ Built 1996
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.16
    •  
  • 10526 N 119th Street Scottsdale, AZ 5
    • 5 beds 4 baths ∙ 4,013 Sqft ∙ Built 1994 5 beds 4 baths ∙ 4,013 Sqft ∙ Built 1994
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,600
    • $1.40
    •  
PROPERTY LISTING DETAILS
Jill Laurell
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154537
Last Updated: 11/01/2020
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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