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11291 E Cochise Drive Scottsdale, AZ 85259

5 Beds 5 Baths 5,142 sqft Built 1986

$1,849,900

List Price

$7,650

$7.4K - $7.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $359.76
  • 3 Days on Market
  • MLS # : 6206169
  • Updated Date : 03/13/2021 at 21:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 5,142 sqft
  • Baths : 5 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Welcome to the Street of Dreams! This Stunning 5142 sq feet cul-de-sac N/S facing 5BRs/5 Bath home on a Whopping 0.68 acres of land in one of the most desirable neighborhoods in all of Arizona is ready for its new owners. This Cement construction house is every bit of what you see. The Entertainer in you will rave about the Formal LR/DR/Family Room/Wet Bar/and the soaring ceilings throughout the house. The Canned lights and the Unique Chandeliers in the house are as elegant as ever. The private Gourmet kitchen is the place to be and the MASSIVE Private backyard decked out w/25 plus palm trees, Lovely Extended Patio with pavers, and the terrific swimming pool will make you never want to leave the Backyard.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Montana Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $122k1155k

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

Neighborhood: Montana Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500500055006000Rent in $10456218

* 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
Laguna Elementary School Primary Regular 546 29 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Laguna Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 29
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
 

$1,664,910$2,034,890$1,849,900

PURCHASE PRICE

$6,885$8,415$7,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $7,650
EXPENSES Loan Payment -$6,425
Property Tax -$865
Property Insurance -$127
Property Management Fees -$99
CASH FLOW
$133

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$1,849,900

PROJECTED PRICE

$7,650

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$495,974

INVESTMENT

$495,974

Down Payment
$462,475
Rehab Estimate
$5,750
Closing Costs
$27,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,425

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $462,475
Loan Amount $1,387,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$122,837

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
  • $8,381

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8,250
$8,250
RENT COMPS ANALYSIS
  • 11291 E Cochise Drive Scottsdale, AZ 1
    • 5 beds 5 baths ∙ 5,142 Sqft ∙ Built 1986 5 beds 5 baths ∙ 5,142 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10487 N 113th Place Scottsdale, AZ 2
    • 5 beds 5 baths ∙ 5,058 Sqft ∙ Built 1994 5 beds 5 baths ∙ 5,058 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,250
    • $1.63
    •  
PROPERTY LISTING DETAILS
Waqas Ellahi
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206169
Last Updated: 03/13/2021
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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