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11471 E Beck Lane Scottsdale, AZ 85255

4 Beds 4 Baths 2,656 sqft Built 2002

$949,900

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $357.64
  • 3 Days on Market
  • MLS # : 6189821
  • Updated Date : 02/06/2021 at 04:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,656 sqft
  • Baths : 3 full , 1 half
Listing Agent

Mojica & Associates Real Estate

Listing Agent's Description

This home is beautiful and move-in ready with 4 bedrooms, 3.5 bathrooms. The kitchen has been remodeled with; Bosch appliances, new granite counters, undermount sink, resurfaced cabinets, and new fixtures. Plus, there is a New Aqua link system for the pool, new pool heater, and 2 new A/C's, . The updated light fixtures are sure to please and the interior has been painted. Don't miss the casita with it's own bedroom and bathroom! There is a murphy bed in one of the bedrooms too. Come see this before it's gone.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: McDowell Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k646k

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

Neighborhood: McDowell Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Desert Canyon Elementary School Primary Regular 503 25 10
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Desert Canyon Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 25
10
GreatSchools Rating

Desert Canyon Middle School

  • Education Level: Middle
  • # of students: 566
  • # of teachers: 29
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$854,910$1,044,890$949,900

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$3,299
Property Tax -$604
Property Insurance -$79
HOA -$61
Property Management Fees -$99
CASH FLOW
-$662

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.

$949,900

PROJECTED PRICE

$3,480

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

PROJECTED ANNUAL CASH FLOW

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

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$257,474

INVESTMENT

$257,474

Down Payment
$237,475
Rehab Estimate
$5,750
Closing Costs
$14,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,299

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,475
Loan Amount $712,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$10,716

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
  • $3,459

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,5004$3,6005$3,600
$3,600
RENT COMPS ANALYSIS
  • 11471 E Beck Lane Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 2,656 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,656 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10242 E Karen Drive Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 2,364 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,364 Sqft ∙ Built 1999
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.27
    •  
  • 11004 E Betony Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,720 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,720 Sqft ∙ Built 1998
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.29
    •  
  • 11327 E Beck Lane Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2000
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.29
    •  
  • 10690 E Raintree Drive Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,647 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,647 Sqft ∙ Built 1998
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.36
    •  
PROPERTY LISTING DETAILS
Libby Miller
Mojica & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189821
Last Updated: 02/06/2021
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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