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11207 N 83rd Place Scottsdale, AZ 85260

3 Beds 4 Baths 2,627 sqft Built 1997

$854,900

List Price

$3,370

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $325.43
  • 3 Days on Market
  • MLS # : 6205216
  • Updated Date : 03/14/2021 at 00:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,627 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

First time on market! This custom home is located in the heart of Scottsdale surrounded by multi-million dollar houses. Designed & constructed using energy-efficient principles including concrete block construction. Main house features N/S exposure, underground air returns and clerestory windows. Open light & bright w/ 14' ceilings in main living space & Pella doors & windows. Bedrooms are large and den area could easily be closed off for an extra bedroom or private den. Guest house includes spacious living area, kitchen w/all appliances and laundry, good sized bedroom and full bath. Electric bills average less than $150/mon. All this on over an acre lot minutes from some of the best golfing, shopping and dining Scottsdale has to offer!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sundown Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k695k

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

Neighborhood: Sundown Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453205

* 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
Cochise Elementary School Primary Regular 579 33 10
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cochise Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 33
10
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$769,410$940,390$854,900

PURCHASE PRICE

$3,033$3,707$3,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$2,969
Property Tax -$413
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
-$189

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.

$854,900

PROJECTED PRICE

$3,370

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$232,299

INVESTMENT

$232,299

Down Payment
$213,725
Rehab Estimate
$5,750
Closing Costs
$12,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $213,725
Loan Amount $641,175
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$35,532

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,370

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $3,619

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,3703$3,5004$3,8505$4,000
$4,000
RENT COMPS ANALYSIS
  • 11207 N 83rd Place Scottsdale, AZ 2
    • 3 beds 4 baths ∙ 2,627 Sqft ∙ Built 1997 3 beds 4 baths ∙ 2,627 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,370
    • $1.28
    •  
  • 7740 E North Lane -- Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,460 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,460 Sqft ∙ Built 1979
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.18
    •  
  • 8507 E Welsh Trail Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1984
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.27
    •  
  • 8420 E Belgian Trail Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 1979
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.58
    •  
  • 8528 E Clydesdale Trail Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1979
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.48
    •  
PROPERTY LISTING DETAILS
Jean Pomeroy
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205216
Last Updated: 03/14/2021
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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