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11325 N 129th Way Scottsdale, AZ 85259

5 Beds 4 Baths 3,556 sqft Built 1988

$779,000

List Price

$3,540

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $219.07
  • 1 Days on Market
  • MLS # : 6179196
  • Updated Date : 01/09/2021 at 23:57
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,556 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Rare 5 bedroom, newly updated home in desirable Rio Montana community. This home features an open concept floor plan with great light and high ceilings. The kitchen boasts new appliances, center kitchen island, breakfast nook and built in work station, which opens to a spacious family room with fireplace and bar area. Ensuite bedroom downstairs is perfect for office or mother in law suite. Master bedroom has a seating area, fireplace and view deck with amazing mountain views. Spiral staircase off back patio leads to the deck and is perfect for entertaining with a view! Or relax under the covered patio that over looks the pool and private desert wash providing wonderful privacy. Outstanding location close to IB certified Desert Mountain schools, BASIS Scottsdale and Mayo Clinic.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rio Montana

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Rio Montana

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
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
 

$701,100$856,900$779,000

PURCHASE PRICE

$3,186$3,894$3,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,540
EXPENSES Loan Payment -$2,706
Property Tax -$364
Property Insurance -$96
HOA -$6
Property Management Fees -$99
CASH FLOW
$269

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.

$779,000

PROJECTED PRICE

$3,540

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 5.2%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

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$212,185

INVESTMENT

$212,185

Down Payment
$194,750
Rehab Estimate
$5,750
Closing Costs
$11,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,706

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $194,750
Loan Amount $584,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$69,631

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
  • $3,218

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,2004$3,3005$3,450
$3,450
RENT COMPS ANALYSIS
  • 11325 N 129th Way Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 3,556 Sqft ∙ Built 1988 5 beds 4 baths ∙ 3,556 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11265 N 130th Way Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 3,253 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,253 Sqft ∙ Built 1991
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.89
    •  
  • 11036 N 129th Way Scottsdale, AZ 3
    • 5 beds 4 baths ∙ 3,720 Sqft ∙ Built 1989 5 beds 4 baths ∙ 3,720 Sqft ∙ Built 1989
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.86
    •  
  • 11302 N 131st Place Scottsdale, AZ 4
    • 5 beds 3 baths ∙ 3,514 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,514 Sqft ∙ Built 1991
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.94
    •  
  • 11213 N 128th Place Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 3,720 Sqft ∙ Built 1989 5 beds 3 baths ∙ 3,720 Sqft ∙ Built 1989
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $0.93
    •  
PROPERTY LISTING DETAILS
Courtney R. Johnson
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179196
Last Updated: 01/09/2021
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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