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10910 N 123rd Street Scottsdale, AZ 85259

4 Beds 3 Baths 3,050 sqft Built 1994

$1,120,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $367.21
  • 3 Days on Market
  • MLS # : 6208673
  • Updated Date : 03/20/2021 at 15:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,050 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

A MUST SEE!!! This exquisite home has two covered patios and a view fence that opens to natural desert, city, and mountain views. Single level home located on a quiet cul-de-sac street. Amazing home with high ceilings and plenty of space to entertain. Great location within walking distance to excellent schools. Fresh paint inside and out. Upgrades throughout the home including gorgeous porcelain floors. Brand new refrigerator, washer, and dryer included. Well maintained home is move in ready.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Hills Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Desert Hills Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453703

* 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
 

$1,008,000$1,232,000$1,120,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$3,890
Property Tax -$524
Property Insurance -$87
HOA -$16
Property Management Fees -$99
CASH FLOW
-$1,136

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.

$1,120,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.8%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

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$302,550

INVESTMENT

$302,550

Down Payment
$280,000
Rehab Estimate
$5,750
Closing Costs
$16,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,890

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $280,000
Loan Amount $840,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,203

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,480

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $3,469

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2003$3,4804$3,7505$3,800
$3,800
RENT COMPS ANALYSIS
  • 10910 N 123rd Street Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,480
    • $1.14
    •  
  • 10937 N 123rd Street Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1993
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.98
    •  
  • 12210 E Desert Cove Avenue Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1991
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.05
    •  
  • 12775 E Gold Dust Avenue Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1997
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.29
    •  
  • 12530 E Poinsettia Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 3,096 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,096 Sqft ∙ Built 1996
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.23
    •  
PROPERTY LISTING DETAILS
Sylvana Lembo
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208673
Last Updated: 03/20/2021
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.

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