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10865 N 117th Way Scottsdale, AZ 85259

2 Beds 2 Baths 1,420 sqft Built 1988

$380,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $267.61
  • 5 Days on Market
  • MLS # : 6166667
  • Updated Date : 12/02/2020 at 17:32
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,420 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this two bedroom, plus a den, townhome in Adobe Ranch! This home has been refreshed with new interior paint throughout. Spacious great room upon entry with an office/den at the back of the home. The eat in kitchen features granite countertops and all appliances. Split bedroom floorplan for added privacy. The primary bedroom has an ensuite bathroom with dual sinks and a walk in closet. The backyard has a covered patio and putting green. Just across the street from the community pool. Close to shopping and dining, parks, golf, hiking and biking trails, and easy freeway access. Vacant and ready for viewing, come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Adobe Ranch Townhomes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Scottsdale Adobe Ranch Townhomes

ZipNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454121

* 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
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,402
Property Tax -$178
Property Insurance -$55
HOA -$122
Property Management Fees -$99
CASH FLOW
-$136

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.

$380,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,351

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
  • $1,715

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,6004$1,7955$1,825
$1,825
RENT COMPS ANALYSIS
  • 10865 N 117th Way Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,420 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,420 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11680 E Sahuaro Drive #1059 Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,154 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,154 Sqft ∙ Built 2002
    property image
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.30
    •  
  • 11500 E Cochis Drive #2012 Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,462 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,462 Sqft ∙ Built 2001
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.09
    •  
  • 11139 E Yucca Street Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,393 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,393 Sqft ∙ Built 1985
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.29
    •  
  • 11500 E Cochise Drive #1086 Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,587 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,587 Sqft ∙ Built 2001
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.15
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166667
Last Updated: 12/02/2020
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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