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11113 E North Lane Scottsdale, AZ 85259

4 Beds 4 Baths 3,643 sqft Built 2003

$900,000

List Price

$4,470

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $247.05
  • 7 Days on Market
  • MLS # : 6162954
  • Updated Date : 11/28/2020 at 18:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,643 sqft
  • Baths : 4 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Beautiful executive home located the gated community of Rancho Verde. This home features 3 bedroom and 3 baths in the main living quarters and a 1 bedroom 1 bath casita with separate entrance. Exquisite features extend throughout this magnificent home. The kitchen includes high end stainless steel appliances GE Monogram/Thermador, six burner gas cooktop, built-in oven and microwave, warming drawer and granite countertops. Step outside to a entertainers dream backyard with a bbq and lush landscaping, multiple patios with remote control retractable awnings. The large 3 car garage includes epoxy flooring and multiple built-in storage cabinets.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Verde

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k869k

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

Neighborhood: Rancho Verde

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000Rent in $10455063

* 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
Laguna Elementary School Primary Regular 546 29 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Laguna Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 29
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
 

$810,000$990,000$900,000

PURCHASE PRICE

$4,023$4,917$4,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,470
EXPENSES Loan Payment -$3,321
Property Tax -$472
Property Insurance -$98
HOA -$44
Property Management Fees -$99
CASH FLOW
$436

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.

$900,000

PROJECTED PRICE

$4,470

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.8%
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$0.0$10k$20k$30k$40k$50k

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$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$3,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $225,000
Loan Amount $675,000
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$112,542

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,470

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $4,098

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$4,4703$4,5004$4,5005$4,900
$4,900
RENT COMPS ANALYSIS
  • 11113 E North Lane Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,643 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,643 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $4,470
    • $1.23
    •  
  • 9124 N 108th Way Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,697 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,697 Sqft ∙ Built 1990
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.97
    •  
  • 10633 E Terra Drive Scottsdale, AZ 3
    • 5 beds 4 baths ∙ 3,976 Sqft ∙ Built 1986 5 beds 4 baths ∙ 3,976 Sqft ∙ Built 1986
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.13
    •  
  • 11942 E Ironwood Drive Scottsdale, AZ 4
    • 5 beds 4 baths ∙ 3,885 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,885 Sqft ∙ Built 1996
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.16
    •  
  • 10526 N 119th Street Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 3,963 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,963 Sqft ∙ Built 1994
    LEASED 07/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.24
    •  
PROPERTY LISTING DETAILS
Alberta Parker
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162954
Last Updated: 11/28/2020
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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