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11229 E Laurel Lane Scottsdale, AZ 85259

4 Beds 3 Baths 2,551 sqft Built 1987

$488,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $191.30
  • 5 Days on Market
  • MLS # : 6153799
  • Updated Date : 10/30/2020 at 11:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,551 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

OPEN HOUSE 10/30, 10/31 & 11/1 1-4PM Perfect house for a growing family or works well as a second home offering a quick 10 min walk/bike ride to local restaurants and Albertsons grocery store on a nearby trail. Kitchen eat-in area has nice Mountain Views, stainless steel appliances and plenty of cabinet space.Beautiful new tile plank flooring on first level. Gorgeous stacked stone on TV/ fireplace wall with a built-in wine fridge 1 step away. A dream come true: easy entry to bathroom from pool so water stays contained in the bathroom instead of throughout the house. Deep pool with a side grassy area for a swing set, perfect for a pet or toes. 2.1 miles 5 min ride to A+ rated elementary, middle and high schools. NEW ROOF.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Casa Norte

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Casa Norte

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10182993

* 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
 

$439,200$536,800$488,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,801
Property Tax -$228
Property Insurance -$77
HOA -$1
Property Management Fees -$99
CASH FLOW
$144

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$488,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,070

INVESTMENT

$135,070

Down Payment
$122,000
Rehab Estimate
$5,750
Closing Costs
$7,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,801

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,000
Loan Amount $366,000
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$53,519

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
  • $2,525

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3703$2,5004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 11229 E Laurel Lane Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10806 N 112th Place Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 1990
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.93
    •  
  • 10625 E Mary Katherine Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 1985
    property image
    LEASED 07/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.96
    •  
  • 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
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.05
    •  
  • 11212 E Laurel Lane Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1987
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jessica R Marriott
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153799
Last Updated: 10/30/2020
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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