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11273 E Quarry Trail Scottsdale, AZ 85262

3 Beds 2 Baths 2,701 sqft Built 2000

$880,000

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $325.81
  • 3 Days on Market
  • MLS # : 6170313
  • Updated Date : 12/11/2020 at 12:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,701 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

IF SERENITY AND BEAUTY EXCITE YOU , THIS BEAUTIFUL 3 BEDROOM,2 BATHROOM ,3 CAR GARAGE HOME WITH GORGEOUSMOUNTAIN VIEWS IS MEANT FOR YOU, LOCATED ON A GREAT STREET,THIS HOUSE OFFERS A WONDERFUL FLOOR PLAN AND BEAUTIFUL KITCHEN WITH TILE FLOORING STAINLESS STEEL REFRIGERATOR AND DISHWASHER, OVEN , MICROWAVETHE LARGE BACK YARD WITH ITS MOUNTAIN VIEWS IS PERFECT FOR A QUICK GAME OF ONE-ON-ONE SOCCER OR FUN BBQ,S. THE MASTER SUITE IS WORTHY OF A 5-STAR HOTEL, THE VERY SPACIOUS BEDROOM LEADS TO A SPACIOUS BUILT-IN CLOSETTHIS IS SIMPLY A WONDERFULLY WARM AND BEAUTIFUL PROPERTY AWAITING TO BE CALLED ''HOME'' BY YOU.AGENTS PLEASE READ PRIVATE REMARKS. TENANTS RIGHT. THANKS

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PRICE & RENT TRENDS

Neighborhood: Troon Verde

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k785k

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

Neighborhood: Troon Verde

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
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
 

$792,000$968,000$880,000

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$3,247
Property Tax -$411
Property Insurance -$80
HOA -$75
Property Management Fees -$99
CASH FLOW
-$631

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.

$880,000

PROJECTED PRICE

$3,280

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$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$238,950

INVESTMENT

$238,950

Down Payment
$220,000
Rehab Estimate
$5,750
Closing Costs
$13,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,247

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $220,000
Loan Amount $660,000
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$13,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $3,734

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2803$3,5004$3,8005$3,850
$3,850
RENT COMPS ANALYSIS
  • 11273 E Quarry Trail Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,701 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,701 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $1.21
    •  
  • 28873 N 111th Place Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,421 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,421 Sqft ∙ Built 1998
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.24
    •  
  • 28956 N 111th Place Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,422 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,422 Sqft ∙ Built 1998
    property image
    LEASED 07/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.45
    •  
  • 11331 E Dale Lane Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,900 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,900 Sqft ∙ Built 1996
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.31
    •  
  • 11063 E Greythorn Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 1992
    property image
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.53
    •  
PROPERTY LISTING DETAILS
Violete Lachini
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170313
Last Updated: 12/11/2020
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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