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11248 E Cimarron Drive Scottsdale, AZ 85262

4 Beds 4 Baths 4,615 sqft Built 1999

$1,500,000

List Price

$6,760

$6.5K - $7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $325.03
  • 3 Days on Market
  • MLS # : 6173778
  • Updated Date : 01/14/2021 at 23:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,615 sqft
  • Baths : 3 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This stunning and extensive 2020 remodel transforms this popular floor plan in gated Desert Summit into a customized home complete with all the bells and whistles. Sitting on a premium cul-de-sac lot with panoramic views including Pinnacle Peak and Troon Mountain. With 4,600 + SF of living space encompassing 4 bedrooms (split master and jr. master suites downstairs), three and half baths, private office adjacent to the master, loft for the two upstairs guest suites, a large bonus room/gym, formal dining room, and a great room set up for an open feel. Upon entering you will immediately notice the wood and iron floating staircase, the neutral tile floors and paint, the accented dark wood cabinetry and centerpiece steel patina surround fireplace.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Summit

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k957k

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

Neighborhood: Desert Summit

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454749

* 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
Desert Sun Elementary School Primary Regular 416 22 6
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Desert Sun Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 22
6
GreatSchools Rating

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
 

$1,350,000$1,650,000$1,500,000

PURCHASE PRICE

$6,084$7,436$6,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,760
EXPENSES Loan Payment -$5,210
Property Tax -$700
Property Insurance -$117
HOA -$33
Property Management Fees -$99
CASH FLOW
$600

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.

$1,500,000

PROJECTED PRICE

$6,760

PROJECTED RENT

0.45%

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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$20k$40k$60k$80k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$403,250

INVESTMENT

$403,250

Down Payment
$375,000
Rehab Estimate
$5,750
Closing Costs
$22,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,210

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $375,000
Loan Amount $1,125,000
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$143,464

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
  • $7,230

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6,2503$6,7004$8,500
$8,500
RENT COMPS ANALYSIS
  • 11248 E Cimarron Drive Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 4,615 Sqft ∙ Built 1999 4 beds 4 baths ∙ 4,615 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10040 E Happy Valley Road #610 Scottsdale, AZ 2
    • 4 beds 5 baths ∙ 4,799 Sqft ∙ Built 1995 4 beds 5 baths ∙ 4,799 Sqft ∙ Built 1995
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,250
    • $1.30
    •  
  • 27122 N 112th Place Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 4,288 Sqft ∙ Built 2010 3 beds 4 baths ∙ 4,288 Sqft ∙ Built 2010
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,700
    • $1.56
    •  
  • 25939 N 104th Way Scottsdale, AZ 4
    • 4 beds 5 baths ∙ 4,621 Sqft ∙ Built 1993 4 beds 5 baths ∙ 4,621 Sqft ∙ Built 1993
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,500
    • $1.84
    •  
PROPERTY LISTING DETAILS
Lisa Lucky
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173778
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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