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11022 N 85th Place Scottsdale, AZ 85260

3 Beds 3 Baths 2,954 sqft Built 1973

$1,094,000

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $370.35
  • 46 Days on Market
  • MLS # : 6164063
  • Updated Date : 01/07/2021 at 02:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,954 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Imagine enjoying the convenience and safety of 85260 while living in a ''rural-feel'' secludedcommunity! You can have BOTH close proximity to Scottsdale amenities (dining, shopping,entertainment), as well as a homestead with horses, gardens and chickens. An abundance ofmature trees in the backyard make this home an oasis in the desert.This beautiful Scottsdale home and prime location Features:1 acre with Horse PrivilegesNo HOAQuiet Cul-de-sacMain House: (Master with Full Bath and 2nd Bedroom with full bath).Master Bedroom with 14 ft vaulted ceilings and views of the spacious acre. His/Her closets. Workout room OR Office Space; Bathroom: Double Shower, Soaking Bathtub with Jets, enclosed toiletroom. Second Bedroom with access to hallway full bath.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sundown Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k695k

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

Neighborhood: Sundown Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453205

* 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
Cochise Elementary School Primary Regular 579 33 10
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cochise Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 33
10
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$984,600$1,203,400$1,094,000

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$3,800
Property Tax -$559
Property Insurance -$85
Property Management Fees -$99
CASH FLOW
-$1,152

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.

$1,094,000

PROJECTED PRICE

$3,390

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$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$295,660

INVESTMENT

$295,660

Down Payment
$273,500
Rehab Estimate
$5,750
Closing Costs
$16,410

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,800

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $273,500
Loan Amount $820,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,390

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $3,907

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$3,390
1$3,3902$3,5003$3,5504$3,9955$4,000
$4,000
RENT COMPS ANALYSIS
  • 11022 N 85th Place Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,954 Sqft ∙ Built 1973 3 beds 3 baths ∙ 2,954 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $3,390
    • $1.15
    •  
  • 8507 E Welsh Trail Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1984
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.27
    •  
  • 10422 N 82nd Place Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,153 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,153 Sqft ∙ Built 1979
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.13
    •  
  • 8231 E Appaloosa Trail Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,824 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,824 Sqft ∙ Built 1979
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.41
    •  
  • 8528 E Clydesdale Trail Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1979
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.48
    •  
PROPERTY LISTING DETAILS
Mark Walczak
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164063
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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