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11291 E Poinsettia Drive Scottsdale, AZ 85259

2 Beds 2 Baths 1,360 sqft Built 1986

$385,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $283.09
  • 3 Days on Market
  • MLS # : 6155561
  • Updated Date : 11/06/2020 at 11:49
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,360 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Wow! Upgraded home w/ Great Scottsdale Location PLUS Private North/South facing lot! Remodeled kitchen, Stainless Appliances, Silestone Counters, Wine Fridge too! Expensive Wood Flooring in Greatroom! Don't miss this Move-In Ready well cared for home with Open Floor plan and Vaulted Ceilings in Every room! 2 bed + Office/Den/Dining Area that Share a Double Sided Fireplace w/ Greatroom! Gourmet Kitchen has plenty of custom cabinet space & pantry! Spacious Master with Sitting Area, walk-in closet, Upgraded Bath w/ Silestone Double Sinks & Big shower! Epoxy Garage w/ Storage! South Facing Totally Private Yard w/ Extended Covered patio + additional paver patio, Perfect for Firepit, Relaxing or Entertainment! Close to freeway, shops, Park and more! Call now to see this home in person!

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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,420
Property Tax -$180
Property Insurance -$54
HOA -$1
Property Management Fees -$99
CASH FLOW
$136

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.

$385,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.49%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$44,673

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $1,935

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8903$1,9004$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 11291 E Poinsettia Drive Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,360 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,360 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.39
    •  
  • 11139 E Yucca Street Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,393 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,393 Sqft ∙ Built 1985
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.29
    •  
  • 11062 N 111th Way Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,249 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,249 Sqft ∙ Built 1988
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.52
    •  
  • 10912 E Gary Road Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,535 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,535 Sqft ∙ Built 1986
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.27
    •  
  • 11442 E Altadena Avenue Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,243 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,243 Sqft ∙ Built 1994
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.61
    •  
PROPERTY LISTING DETAILS
Henry Wang
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155561
Last Updated: 11/06/2020
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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