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11166 E Mark Lane Scottsdale, AZ 85262

3 Beds 3 Baths 2,952 sqft Built 2000

$1,100,000

List Price

$3,150

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $372.63
  • 3 Days on Market
  • MLS # : 6183468
  • Updated Date : 02/19/2021 at 15:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,952 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Spectacular remodeled home with superb entertainment & leisure facilities. Situated on the edge of the McDowell Mountain preserve, Troon Country Club and within 10 minutes of Scottsdale's lively dining and shopping scene. Newly surfaced pebble tec pool with gorgeous limestone hardscape surround and lush brand new landscaping and turf. Enjoy practicing your short game on the newly installed putting green. Coffee or Wine surrounded by a gorgeous cacti garden on the front courtyard with views of Tom's Thumb and the McDowell's. 3+ bed, 2.5 bath, expansive great room with fireplace, family room, and zoom room. Public House Creative Custom cabinetry, New GE Cafe appliances, gas range, gorgeous designer custom tile and more. 2 Car Garage, Water Softener. Easily converted to a 4 bedroom.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pinnacle Views at Troon North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Pinnacle Views at Troon North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$2,835$3,465$3,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$3,821
Property Tax -$514
Property Insurance -$85
HOA -$2
Property Management Fees -$99
CASH FLOW
-$1,370

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.

$1,100,000

PROJECTED PRICE

$3,150

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 0.5%
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$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$583

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
  • $3,601

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,4004$3,5005$3,800
$3,800
RENT COMPS ANALYSIS
  • 11166 E Mark Lane Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,952 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,952 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11239 E Oberlin Way Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 1994
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.20
    •  
  • 27000 N Alma School Parkway #2004 Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2014
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.29
    •  
  • 27892 N 108th Way Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,233 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,233 Sqft ∙ Built 1998
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.08
    •  
  • 11331 E Dale Lane Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,900 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,900 Sqft ∙ Built 1996
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.31
    •  
PROPERTY LISTING DETAILS
Jennifer A Patterson
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183468
Last Updated: 02/19/2021
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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