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11428 N 64th Place Scottsdale, AZ 85254

5 Beds 5 Baths 3,930 sqft Built 1963

$875,000

List Price

$4,700

$4.5K - $5K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $222.65
  • 6 Days on Market
  • MLS # : 6174188
  • Updated Date : 01/23/2021 at 20:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,930 sqft
  • Baths : 5 full
Listing Agent

Hague Partners

Listing Agent's Description

Wow! Amazing Scottsdale mini resort on just under an acre plus guest house, RV garage with separate carriage quarters!! This amazing ranch style home was built and designed for multi generation living and huge family gatherings. You're going to love the space, comfort, and flexible living areas. A total of 5 bedrooms and 4 baths make this retreat a great investment opportunity as well with no HOA and plenty of entertainment area. The refreshing pool and custom outdoor grilling area are just a few of the highlights of the rear yard. More photos coming soon!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Cactus

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k639k

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

Neighborhood: West Cactus

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453237

* 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
 

$787,500$962,500$875,000

PURCHASE PRICE

$4,230$5,170$4,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,700
EXPENSES Loan Payment -$3,039
Property Tax -$409
Property Insurance -$104
Property Management Fees -$99
CASH FLOW
$1,049

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.

$875,000

PROJECTED PRICE

$4,700

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k$60k

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$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$3,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

11.67

YEARS SAVED

$160,877

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,700

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $6,367

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,7003$8,000
$8,000
RENT COMPS ANALYSIS
  • 11428 N 64th Place Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 3,930 Sqft ∙ Built 1963 5 beds 4 baths ∙ 3,930 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.20
    •  
  • 6014 E Caron Circle Paradise Valley, AZ 1
    • 5 beds 4 baths ∙ 3,685 Sqft ∙ Built 1976 5 beds 4 baths ∙ 3,685 Sqft ∙ Built 1976
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.09
    •  
  • 6044 E Shea Boulevard Scottsdale, AZ 3
    • 5 beds 5 baths ∙ 3,721 Sqft ∙ Built 1970 5 beds 5 baths ∙ 3,721 Sqft ∙ Built 1970
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $8,000
    • $2.15
    •  
PROPERTY LISTING DETAILS
David B Rucker
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174188
Last Updated: 01/23/2021
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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