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10718 N 125th Street Scottsdale, AZ 85259

3 Beds 2 Baths 1,965 sqft Built 2017

$645,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $328.24
  • 3 Days on Market
  • MLS # : 6159816
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,965 sqft
  • Baths : 2 full
Listing Agent

Jason Mitchell Real Estate

Listing Agent's Description

Open and bright Single level, Great Room floor plan features a gorgeous Kitchen with ''Frosty White'' granite counters, oversized Island, Maple Staggered Cabinets & Stainless Steel GE Gas Profile Appliances. Extended Master Bedroom features a Stunning Master Bath with beautiful tile accents and a large Walk-in Shower. Custom Two Tone Paint and upgraded flooring throughout. 10' Ceilings with 8' Doors, 12' Multiple Sliding Glass Door that up to the covered Patio. Close to the Best Schools, Golf, Hiking, and Restaurants Scottsdale has to offer!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Shea

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k787k

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

Neighborhood: East Shea

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000450050005500Rent in $10455992

* 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
Anasazi Elementary School Primary Regular 567 31 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Anasazi Elementary School

  • Education Level: Primary
  • # of students: 567
  • # of teachers: 31
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
 

$580,500$709,500$645,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,380
Property Tax -$307
Property Insurance -$66
HOA -$119
Property Management Fees -$99
CASH FLOW
-$211

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$645,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$176,675

INVESTMENT

$176,675

Down Payment
$161,250
Rehab Estimate
$5,750
Closing Costs
$9,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,380

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $161,250
Loan Amount $483,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$25,410

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $2,353

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,998
1$1,9982$2,1503$2,1504$2,1755$2,760
$2,760
RENT COMPS ANALYSIS
  • 10718 N 125th Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,965 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,965 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $1.40
    •  
  • 13300 E Via Linda -- #2062 Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,998
    • $1.15
    •  
  • 13300 E Via Linda -- #2066 Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2005
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.24
    •  
  • 11500 E Cochise Drive #2103 Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2001
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.15
    •  
  • 13450 E Via Linda Drive #2012 Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2006
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.25
    •  
PROPERTY LISTING DETAILS
James Wexler
Jason Mitchell Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159816
Last Updated: 11/13/2020
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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