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11109 E Cosmos Circle Scottsdale, AZ 85255

3 Beds 3 Baths 3,991 sqft Built 1997

$1,349,000

List Price

$4,980

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

December 07, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $338.01
  • 7 Days on Market
  • MLS # : 6168606
  • Updated Date : 12/11/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,991 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sterling Fine Properties

Listing Agent's Description

Home is nestled into a quiet cul-de-sac set in a beautiful location in guard gated One Hundred Hills. From the south facing patio you will be dazzled by amazing sunsets, city lights, and majestic mountain views. The updated kitchen features granite counters, island peninsula and dinette. Just steps away is a wet bar and spacious great room, perfect for entertaining! The single level, great room floor plan features 3 bedrooms, media room, study and large bonus room, 2.5 baths, a wall of windows highlights the views, cozy fireplace, large master suite, stone floors, over-height 3 car garage, and easy-care landscaping. The large bonus room could be a child/adult playroom, hobby room, extra bedroom, mother in-law suite or expanded to a 6 car tandem garage! This home is a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: McDowell Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k646k

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

Neighborhood: McDowell Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Desert Canyon Elementary School Primary Regular 503 25 10
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Desert Canyon Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 25
10
GreatSchools Rating

Desert Canyon Middle School

  • Education Level: Middle
  • # of students: 566
  • # of teachers: 29
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$1,214,100$1,483,900$1,349,000

PURCHASE PRICE

$4,482$5,478$4,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,980
EXPENSES Loan Payment -$4,977
Property Tax -$867
Property Insurance -$105
HOA -$217
Property Management Fees -$99
CASH FLOW
-$1,285

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.

$1,349,000

PROJECTED PRICE

$4,980

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,235

INVESTMENT

$363,235

Down Payment
$337,250
Rehab Estimate
$5,750
Closing Costs
$20,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$4,977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $337,250
Loan Amount $1,011,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$7,845

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
  • $5,288

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,9953$5,200
$5,200
RENT COMPS ANALYSIS
  • 11109 E Cosmos Circle Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,991 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,991 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11135 E Mirasol Circle Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 3,737 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,737 Sqft ∙ Built 1996
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $1.34
    •  
  • 11511 E Caribbean Lane Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 3,984 Sqft ∙ Built 2001 3 beds 3 baths ∙ 3,984 Sqft ∙ Built 2001
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $1.31
    •  
PROPERTY LISTING DETAILS
Earl Defrates
Sterling Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168606
Last Updated: 12/11/2020
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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