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11210 E Oberlin Way Scottsdale, AZ 85262

3 Beds 3 Baths 2,178 sqft Built 1997

$690,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $316.80
  • 3 Days on Market
  • MLS # : 6198585
  • Updated Date : 02/27/2021 at 16:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,178 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ventana Fine Properties

Listing Agent's Description

TROON NORTH GEM - Beautiful 3B/2.5B, single story home. This North/South facing home, backs to a natural desert open space, for quite backyard enjoyment. This spacious home has a large entry, which flows into the living and dining rooms. The home has porcelain tile with wood grain in living room and 3 bedrooms, wood shutters, plenty of windows and a wood burning fireplace to cozy up next to in the winter. The generous sized kitchen has a dining nook, island, plenty of cabinetry, granite countertops, a pantry and a desk area. Amazing master suite with walk-in closet, separate tub and a remodeled, tiled shower with bench and hand sprayer. Third bedroom has built in desk and cabinetry. New AC in 2019, new appliances 2015 and 2020. Click more for additional detail

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Echo Ridge at Troon North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Echo Ridge 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
 

$621,000$759,000$690,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,397
Property Tax -$322
Property Insurance -$70
HOA -$2
Property Management Fees -$99
CASH FLOW
-$270

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.

$690,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 3.7%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,600

INVESTMENT

$188,600

Down Payment
$172,500
Rehab Estimate
$5,750
Closing Costs
$10,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,397

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,500
Loan Amount $517,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$19,825

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,608

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,6204$2,8955$3,000
$3,000
RENT COMPS ANALYSIS
  • 11210 E Oberlin Way Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.20
    •  
  • 11543 E Diamond Cholla Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,133 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,133 Sqft ∙ Built 1996
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
  • 11175 E Blue Sky Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,311 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,311 Sqft ∙ Built 1994
    LEASED 02/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.08
    •  
  • 10764 E Greythorn Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2000
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.30
    •  
  • 28873 N 111th Place Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,421 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,421 Sqft ∙ Built 1998
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.24
    •  
PROPERTY LISTING DETAILS
Christina Catalano
Ventana Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198585
Last Updated: 02/27/2021
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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