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11448 E Blue Sky Drive Scottsdale, AZ 85262

4 Beds 3 Baths 3,719 sqft Built 2002

$1,099,000

List Price

$5,550

$5.3K - $5.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $295.51
  • 4 Days on Market
  • MLS # : 6198660
  • Updated Date : 03/06/2021 at 16:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,719 sqft
  • Baths : 3 full
Listing Agent

Sterling Fine Properties

Listing Agent's Description

With stunning views of Camelback Mountain & a serene backyard living area, this beautiful gem features extensive upgrades throughout. The Travertine floors & expansive picture windows illuminate the open floor plan that is perfect for entertaining or a quiet evening at home. The gourmet kitchen is a focal point, highlighted with upgraded cabinets, slab granite countertops, Monogram stainless-steel appliances, & 5-burner gas cook top. Enjoy this split master 4 Bed, plus office or 5th bedroom, 3 Bath, With 12 Ft Ceiling while extending your living space into the spectacular backyard, accessible from the great room & master suite, to relax in the heated pool & spa or enjoy some downtime by the fire pit.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Desert Vista

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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$989,100$1,208,900$1,099,000

PURCHASE PRICE

$4,995$6,105$5,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,550
EXPENSES Loan Payment -$3,817
Property Tax -$513
Property Insurance -$100
HOA -$18
Property Management Fees -$99
CASH FLOW
$1,003

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.

$1,099,000

PROJECTED PRICE

$5,550

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.2%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k$60k$70k$80k

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$296,985

INVESTMENT

$296,985

Down Payment
$274,750
Rehab Estimate
$5,750
Closing Costs
$16,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$3,817

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $274,750
Loan Amount $824,250
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$167,928

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
  • $7,159

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6,0003$8,000
$8,000
RENT COMPS ANALYSIS
  • 11448 E Blue Sky Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,719 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,719 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 25807 N 104th Way Scottsdale, AZ 2
    • 3 beds 5 baths ∙ 3,694 Sqft ∙ Built 1995 3 beds 5 baths ∙ 3,694 Sqft ∙ Built 1995
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.62
    •  
  • 28356 N 106th Street Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 3,591 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,591 Sqft ∙ Built 2004
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $8,000
    • $2.23
    •  
PROPERTY LISTING DETAILS
William P Lewis
Sterling Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198660
Last Updated: 03/06/2021
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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