Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11460 N Century Lane Scottsdale, AZ 85254

3 Beds 3 Baths 2,326 sqft Built 1974

$574,500

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $246.99
  • 5 Days on Market
  • MLS # : 6166728
  • Updated Date : 12/03/2020 at 09:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,326 sqft
  • Baths : 3 full
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

This townhouse adjacent to a large greenbelt is a real find! The townhome features a very spacious family room w/ high vaulted ceilings, fireplace, and clerestory windows open to the kitchen. 3 bedrooms- 2 master suites! On the first floor is a master suite with a slider to the back patio w/ lush mature plantings. The first floor also offers a second bedroom with a full bath adjacent. The second floor has a full second master suite and balcony. The kitchen with a breakfast nook is perfect w/ views of the private courtyard. Lush backyard w/ covered patio, mature fruit trees and private. Community heated pool just down the block and Orangetree golf course within view of this community.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Century Place

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Century Place

ZipNIR 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
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
 

$517,050$631,950$574,500

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$2,120
Property Tax -$294
Property Insurance -$73
HOA -$215
Property Management Fees -$99
CASH FLOW
-$250

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.

$574,500

PROJECTED PRICE

$2,550

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 5.0%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$157,993

INVESTMENT

$157,993

Down Payment
$143,625
Rehab Estimate
$5,750
Closing Costs
$8,618

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,120

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,625
Loan Amount $430,875
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$16,365

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
  • $2,751

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4503$2,7954$2,9005$3,195
$3,195
RENT COMPS ANALYSIS
  • 11460 N Century Lane Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,326 Sqft ∙ Built 1974 3 beds 3 baths ∙ 2,326 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5107 E Wethersfield Road Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1979
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.02
    •  
  • 5121 E Larkspur Drive Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,223 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,223 Sqft ∙ Built 1977
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.26
    •  
  • 5002 E Wethersfield Road Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 1983
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.25
    •  
  • 5112 E Charter Oak Road Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1977
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.20
    •  
PROPERTY LISTING DETAILS
Steve Klemow
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166728
Last Updated: 12/03/2020
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.

BESbswy