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11183 N 107th Way Scottsdale, AZ 85259

3 Beds 2 Baths 1,556 sqft Built 1981

$465,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $298.84
  • 2 Days on Market
  • MLS # : 6168083
  • Updated Date : 12/04/2020 at 21:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,556 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Welcome home to this incredibly well maintained single level home in the heart of Scottsdale. Upgraded throughout! Open concept kitchen/great room, updated bathrooms, hardwood floors, granite counters and custom window coverings throughout. HVAC is 2018, Water Heater is 2020. If you have been looking for a home that is move-in ready and has all the touches, this is your home. Schedule your private tour today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Knoell Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Knoell Scottsdale

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
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,716
Property Tax -$217
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
$80

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.

$465,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$42,138

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
  • $2,167

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,1504$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 11183 N 107th Way Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10720 E Mercer Lane Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1980
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.25
    •  
  • 10930 N 110th Place Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1983
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.45
    •  
  • 10745 E Clinton Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1983
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.46
    •  
  • 11112 N 106th Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1981
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.41
    •  
PROPERTY LISTING DETAILS
Jonathan Budwig
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168083
Last Updated: 12/04/2020
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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