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11625 N 67th Street Scottsdale, AZ 85254

5 Beds 3 Baths 2,507 sqft Built 1962

$995,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $396.89
  • 2 Days on Market
  • MLS # : 6184795
  • Updated Date : 01/23/2021 at 00:43
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,507 sqft
  • Baths : 3 full
Listing Agent

Joi Realty

Listing Agent's Description

INVESTORS BUILD YOUR NEXT SPEC HOUSE! Welcome home to this gorgeous 5 bedroom 3 bath home with two master suites. This large single family home sits on almost a one acre lot with no HOA in the heart of Scottsdale with newer homes selling for up to 2.5 million. As you enter into the front door you will find a large courtyard. The kitchen has been fully upgraded and features granite kitchen counters and stainless steel appliances. There are multiple living spaces and a large welcoming backyard with a large diving pool. Bring all your toys and your RV because there is plenty of room! Investors come build your brand new property on this corner lot. Investors make this your next rental investment!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Cactus

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k639k

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

Neighborhood: West Cactus

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453237

* 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
 

$895,500$1,094,500$995,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$3,456
Property Tax -$465
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
-$1,166

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.

$995,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$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$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,456

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,049

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
  • $2,877

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6993$2,7504$2,8005$2,800
$2,800
RENT COMPS ANALYSIS
  • 11625 N 67th Street Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 2,507 Sqft ∙ Built 1962 5 beds 3 baths ∙ 2,507 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6002 E Larkspur Drive Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1974
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,699
    • $1.10
    •  
  • 6548 E Presidio Road Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 1974
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.25
    •  
  • 6702 E Beryl Avenue Paradise Valley, AZ 4
    • 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 1973
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.08
    •  
  • 12636 N 68th Place Scottsdale, AZ 5
    • 5 beds 2 baths ∙ 2,415 Sqft ∙ Built 1973 5 beds 2 baths ∙ 2,415 Sqft ∙ Built 1973
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
PROPERTY LISTING DETAILS
Jenna M. Jacques
Joi Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184795
Last Updated: 01/23/2021
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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