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11601 E Charter Oak Drive Scottsdale, AZ 85259

5 Beds 5 Baths 4,900 sqft Built 1998

$1,550,000

List Price

$6,550

$6.3K - $6.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $316.33
  • 3 Days on Market
  • MLS # : 6187289
  • Updated Date : 02/05/2021 at 16:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,900 sqft
  • Baths : 4 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Enter this prestigious guard gated community as you drive past the Ancala Country Club. This community has breathtaking views on the way to this beautiful home at the end of a long street. Pull onto the circular drive and enter through the grand entry. The cozy living room awaits while you stroll into the main living/kitchen area. This layout is perfect for entertaining. The eat in kitchen, oversized family room and bar lead you to the two large bedroom suites, complete with big closets and full bathrooms. The other end of the home offers three more bedrooms with a separate hall bathroom and the master bedroom. The master has a sleeping space along with a sitting area with a fireplace, two closets, his and her vanity areas and a door to lead you to the pool.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ancala North

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $122k1444k

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

Neighborhood: Ancala North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000550060006500Rent in $10456744

* 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
 

$1,395,000$1,705,000$1,550,000

PURCHASE PRICE

$5,895$7,205$6,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,550
EXPENSES Loan Payment -$5,384
Property Tax -$725
Property Insurance -$123
HOA -$52
Property Management Fees -$99
CASH FLOW
$168

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.

$1,550,000

PROJECTED PRICE

$6,550

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.6%
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$4.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$20k$40k$60k$80k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$416,500

INVESTMENT

$416,500

Down Payment
$387,500
Rehab Estimate
$5,750
Closing Costs
$23,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$5,384

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $387,500
Loan Amount $1,162,500
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$103,588

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $6,550

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $6,631

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$5,400
1$5,4002$5,9003$6,5504$8,250
$8,250
RENT COMPS ANALYSIS
  • 11601 E Charter Oak Drive Scottsdale, AZ 3
    • 5 beds 5 baths ∙ 4,900 Sqft ∙ Built 1998 5 beds 5 baths ∙ 4,900 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $6,550
    • $1.34
    •  
  • 11262 E Beryl Avenue Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 4,591 Sqft ∙ Built 1993 5 beds 4 baths ∙ 4,591 Sqft ∙ Built 1993
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,400
    • $1.18
    •  
  • 12195 N 119th Street Scottsdale, AZ 2
    • 5 beds 5 baths ∙ 4,720 Sqft ∙ Built 2000 5 beds 5 baths ∙ 4,720 Sqft ∙ Built 2000
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,900
    • $1.25
    •  
  • 10487 N 113th Place Scottsdale, AZ 4
    • 5 beds 5 baths ∙ 5,058 Sqft ∙ Built 1994 5 beds 5 baths ∙ 5,058 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,250
    • $1.63
    •  
PROPERTY LISTING DETAILS
Kelly Griffin Porter
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187289
Last Updated: 02/05/2021
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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