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11431 E Palomino Road Scottsdale, AZ 85259

5 Beds 3 Baths 3,654 sqft Built 1991

$990,000

List Price

$4,480

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $270.94
  • 6 Days on Market
  • MLS # : 6171500
  • Updated Date : 12/15/2020 at 13:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,654 sqft
  • Baths : 3 full
Listing Agent

Re/max Excalibur

Listing Agent's Description

Welcome home! This beautifully updated property is located at the Regent inside one of Scottsdale's most desirable gated neighborhoods, STONEGATE. This home Features over 3,500 square feet, 5 spacious bedrooms, 3 baths, and an oversized 3-car garage. A very private Luxury Oasis backyard with a magnificent pool & swim up bar. Brand NEW built-in step down BBQ island & fire pit. Plenty of privacy with tropical vegetation & a massive covered patio, a putting green, & built in Trampoline. The outside beauty is matched inside with NEW slab Calcutta quartz countertops, vaulted ceilings, Updated designer LED lighting, NEW interior paint. Brand NEW roof in 2020. Unsurpassed community amenities at your disposal including resort-style pool, spa, tennis & pickle ball courts, basketball courts & parks.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stonegate

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k680k

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

Neighborhood: Stonegate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453357

* 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
 

$891,000$1,089,000$990,000

PURCHASE PRICE

$4,032$4,928$4,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,480
EXPENSES Loan Payment -$3,653
Property Tax -$463
Property Insurance -$98
HOA -$198
Property Management Fees -$99
CASH FLOW
-$31

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.

$990,000

PROJECTED PRICE

$4,480

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$268,100

INVESTMENT

$268,100

Down Payment
$247,500
Rehab Estimate
$5,750
Closing Costs
$14,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,653

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $247,500
Loan Amount $742,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$66,071

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,480

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $3,892

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,8003$4,4804$4,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 11431 E Palomino Road Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,654 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,654 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,480
    • $1.23
    •  
  • 9124 N 108th Way Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,697 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,697 Sqft ∙ Built 1990
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.97
    •  
  • 12055 E Mercer Lane Scottsdale, AZ 2
    • 6 beds 3 baths ∙ 3,804 Sqft ∙ Built 1999 6 beds 3 baths ∙ 3,804 Sqft ∙ Built 1999
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.00
    •  
  • 10633 E Terra Drive Scottsdale, AZ 4
    • 5 beds 4 baths ∙ 3,976 Sqft ∙ Built 1986 5 beds 4 baths ∙ 3,976 Sqft ∙ Built 1986
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.13
    •  
  • 11942 E Ironwood Drive Scottsdale, AZ 5
    • 5 beds 4 baths ∙ 3,885 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,885 Sqft ∙ Built 1996
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.16
    •  
PROPERTY LISTING DETAILS
Grant Stonerook
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171500
Last Updated: 12/15/2020
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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