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11465 N 141st Street Scottsdale, AZ 85259

3 Beds 4 Baths 2,708 sqft Built 2003

$775,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $286.19
  • 3 Days on Market
  • MLS # : 6203194
  • Updated Date : 03/05/2021 at 22:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,708 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Excalibur

Listing Agent's Description

Priced to sell immediately! Pristine 3 bedroom + den, 3.5 bath home perched on an elevated lot with Mountain views. Meticulously maintained and upgraded home in sought after Hidden Hills! Enjoy mountain views from this popular open concept floor plan (Greythorn model). Kitchen has Slab Granite counters, upgraded cabinets, large island, & breakfast Area for extended entertaining. Expansive master suite has a spa like bath w/ soaking tub, separate shower, his/hers vanities & walk-in closet. All 3 bedrooms have en suite bathrooms! Backyard fun includes covered patio, pool & gorgeous Mountain Views! Minutes to scenic hiking trails, Mayo clinic, and the top rated Scottsdale Schools including Basis Scottsdale. A high quality build from Golden Heritage w/ Pella windows & doors!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hidden Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Hidden Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454183

* 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
Anasazi Elementary School Primary Regular 567 31 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Anasazi Elementary School

  • Education Level: Primary
  • # of students: 567
  • # of teachers: 31
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
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$2,692
Property Tax -$544
Property Insurance -$80
HOA -$8
Property Management Fees -$99
CASH FLOW
-$262

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.

$775,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 0.3%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$22,674

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,160

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $3,338

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$3,160
1$3,1602$3,2103$3,4004$3,5005$3,700
$3,700
RENT COMPS ANALYSIS
  • 11465 N 141st Street Scottsdale, AZ 1
    • 3 beds 4 baths ∙ 2,708 Sqft ∙ Built 2003 3 beds 4 baths ∙ 2,708 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $3,160
    • $1.17
    •  
  • 14356 E Geronimo Road Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2002
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $1.11
    •  
  • 14278 E Estrella Avenue Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 1999
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.21
    •  
  • 10929 N 140th Way Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1996
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.31
    •  
  • 13777 E Lupine Avenue Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,836 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,836 Sqft ∙ Built 1994
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.30
    •  
PROPERTY LISTING DETAILS
Sean Gaughan
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203194
Last Updated: 03/05/2021
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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