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11267 E Jenan Drive Scottsdale, AZ 85259

3 Beds 2 Baths 1,566 sqft Built 1987

INVESTimate

$450,000

List Price

$1,970

$1,773 - $2,167

Rent Est.

$475,110  ( +5.58%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $287.36
  • 1 Days on Market
  • MLS # : 6113885
  • Updated Date : 08/26/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,566 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Be ready to fall in love! An impressive front entry gate welcomes you into this remodeled 3BR, 2BA home with all the popular on-trend finishes. An open floor plan and a vaulted ceiling in the great room makes for a spacious feel. The chef's kitchen features a center island/breakfast bar, S/S appliances and an abundance of cabinets that any cook will delight in. Split MST BR with an updated bath and oversized shower to brag about. Separate guest wing with a space efficient designed bath showcasing subway tile. Bring your clubs to the custom short game practice area, including 3 hole putting green and bunker. Quiet neighborhood in close proximity to the 101, Shea corridor and all it has to offer. Cholla Park, nearby trails, desirable Scottsdale schools & more! This will not disappoint!

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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,660
Property Tax -$210
Property Insurance -$58
HOA -$9
Property Management Fees -$99
CASH FLOW
-$66

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.

$450,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.58%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$28,472

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,973

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9703$1,9704$2,1955$2,340
$2,340
RENT COMPS ANALYSIS
  • 11267 E Jenan Drive Scottsdale, 3
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.26
    •  
  • 11367 E Jenan Drive Scottsdale, 1
    • 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1987
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.13
    •  
  • 11943 N 111th Way Scottsdale, 2
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1994
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.15
    •  
  • 11494 E Altadena Avenue Scottsdale, 4
    • 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1994
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.38
    •  
  • 11617 N 110th Place Scottsdale, 5
    • 3 beds 3 baths ∙ 1,701 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,701 Sqft ∙ Built 1987
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.38
    •  
PROPERTY LISTING DETAILS
Jenny Leahy
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6113885
Last Updated: 08/26/2020
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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