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11118 E Poinsettia Drive Scottsdale, AZ 85259

4 Beds 2 Baths 2,228 sqft Built 1994

$629,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $282.32
  • 3 Days on Market
  • MLS # : 6199361
  • Updated Date : 02/26/2021 at 15:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,228 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautifully updated single level 4 bed 2 bath home nestled on a cul-de-sac lot in quiet neighborhood. Entry welcomes you to vaulted ceilings with tons of natural light and new flooring and paint throughout. Large, open kitchen with stainless steel appliances, Quartz countertops, new cabinets, backsplash and kitchen island w/ space for extra seating. Remodeled spa like master bath with garden tub, tiled shower, and walk in closet. Automated and manual sun shades on every window, saves a ton on electricity! Backyard has extended covered patio and new landscaping with artificial turf and three car garage. Don't miss out on this beauty!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Sierra Ridge

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
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
 

$566,100$691,900$629,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,185
Property Tax -$294
Property Insurance -$71
HOA -$27
Property Management Fees -$99
CASH FLOW
-$156

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.

$629,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.9%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,435

INVESTMENT

$172,435

Down Payment
$157,250
Rehab Estimate
$5,750
Closing Costs
$9,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,185

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,250
Loan Amount $471,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$24,771

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,779

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,5203$2,7504$2,8505$2,900
$2,900
RENT COMPS ANALYSIS
  • 11118 E Poinsettia Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,228 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,228 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.13
    •  
  • 10942 E Gary Road Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 1984
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.08
    •  
  • 11062 E Mary Katherine Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1986
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.45
    •  
  • 10697 N 113th Street Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 1988
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.20
    •  
  • 11961 N 112th Street Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,298 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,298 Sqft ∙ Built 1987
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.26
    •  
PROPERTY LISTING DETAILS
Nayah Enokian
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199361
Last Updated: 02/26/2021
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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