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11507 N 124th Place Scottsdale, AZ 85259

4 Beds 4 Baths 3,488 sqft Built 2019

$1,100,000

List Price

$3,230

$3K - $3.5K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $315.37
  • 90 Days on Market
  • MLS # : 6145771
  • Updated Date : 12/22/2020 at 11:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,488 sqft
  • Baths : 3 full , 1 half
Listing Agent

Prestige Realty

Listing Agent's Description

BRAND NEW HOME home at Viento del Este. A unique community of only 20 homes. Courtyard entrance, circular foyer Front Door Solid wood from Craftsmen with Emtek hardware, soaring 12' ceilings, light, bright and open. formal dining room, 8' doors and a dedicated office. 3CM Desert Beach Granite kitchen with large center island, stainless steel appliances Cafe(tm) 36'' Knob-Control Electric Cooktop, double oven and a massive walk-in pantry.3.5 bathrooms. Large owners suite, 6 head rain shower, en suite guest quarters, Covered patioClose to top-rated schools, Palomino Public Library, and Lost Dog Trail on the McDowell Sonoran Preserve.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Viento del Este

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k797k

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

Neighborhood: Viento del Este

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454170

* 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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$2,907$3,553$3,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,230
EXPENSES Loan Payment -$3,821
Property Tax -$514
Property Insurance -$95
HOA -$115
Property Management Fees -$99
CASH FLOW
-$1,414

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$1,100,000

PROJECTED PRICE

$3,230

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.8%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

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

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$293,500

INVESTMENT

$293,500

Down Payment
$275,000
Rehab Estimate
$2,000
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$292

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
  • $3,776

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,5954$3,9955$4,000
$4,000
RENT COMPS ANALYSIS
  • 11507 N 124th Place Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 3,488 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,488 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12543 E Mercer Lane Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,356 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,356 Sqft ∙ Built 2001
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.04
    •  
  • 11487 N 124th Way Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 2006
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $1.03
    •  
  • 13513 E Cannon Drive Scottsdale, AZ 4
    • 5 beds 3 baths ∙ 3,556 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,556 Sqft ∙ Built 2003
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.12
    •  
  • 12403 E Lupine Avenue Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 3,503 Sqft ∙ Built 2007 3 beds 3 baths ∙ 3,503 Sqft ∙ Built 2007
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.14
    •  
PROPERTY LISTING DETAILS
Ramiro Gonzalez
Prestige Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6145771
Last Updated: 12/22/2020
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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