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11417 N Miller Road Scottsdale, AZ 85260

4 Beds 3 Baths 2,860 sqft Built 1974

$925,000

List Price

$4,300

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $323.43
  • 4 Days on Market
  • MLS # : 6160621
  • Updated Date : 11/26/2020 at 16:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,860 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

BLACK FRIDAY PROMOTION!! Use the coupon attached when placing an offer on this property to receive $10,000 off the listed price!! LOCATION! LOCATION! LOCATION! East facing backyard with views of the McDowell Mountains. Seller spent over 100K on this modern farm style beautifully remodeled 4 bedroom, 2 1/2 bath home in the HEART OF SCOTTSDALE! Home features a formal living and dining room creating a great entertaining flow. Oversized family room opens up to chef's kitchen with a brick fireplace. Kitchen boasts large custom kitchen island with seating, lots of cabinets and counterspace, high-end stainless steel appliances, and tiled backsplash.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Country Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k776k

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

Neighborhood: Scottsdale Country Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454562

* 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
Sequoya Elementary School Primary Regular 468 25 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Sequoya Elementary School

  • Education Level: Primary
  • # of students: 468
  • # of teachers: 25
9
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$3,870$4,730$4,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,300
EXPENSES Loan Payment -$3,413
Property Tax -$433
Property Insurance -$83
Property Management Fees -$99
CASH FLOW
$273

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.

$925,000

PROJECTED PRICE

$4,300

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k

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$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,413

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$97,438

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,300

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $3,368

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,1003$3,5004$3,7955$4,300
$4,300
RENT COMPS ANALYSIS
  • 11417 N Miller Road Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.50
    •  
  • 7615 E Larkspur Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,546 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,546 Sqft ∙ Built 1983
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.16
    •  
  • 7674 E Aster Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,552 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,552 Sqft ∙ Built 1985
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.21
    •  
  • 12617 N 71st Street Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,016 Sqft ∙ Built 1973 4 beds 3 baths ∙ 3,016 Sqft ∙ Built 1973
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.16
    •  
  • 12018 N Hayden Road Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,205 Sqft ∙ Built 1971 4 beds 4 baths ∙ 3,205 Sqft ∙ Built 1971
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $1.18
    •  
PROPERTY LISTING DETAILS
Kelly Cook
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160621
Last Updated: 11/26/2020
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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