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11644 E Cortez Drive Scottsdale, AZ 85259

2 Beds 3 Baths 2,136 sqft Built 1994

$849,000

List Price

$4,630

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $397.47
  • 6 Days on Market
  • MLS # : 6175276
  • Updated Date : 12/29/2020 at 16:52
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,136 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

RESORT LIVING AT IT'S BEST! THIS FABULOUSLY APPOINTED VILLA IS A TURN KEY DREAM! IT FEATURES TWO MASTER SUITES WITH FULL BATHROOMS, WALK-IN CLOSETS & PRIVATE ENTRIES. THERE IS ALSO A DEN/OFFICE WITH A MURPHY BED TO ACCOMODATE ADDITIONAL GUESTS. THE COOKS KITCHEN WITH GAS COOKTOP OPENS TO THE BREAKFAST ROOM, WET BAR, LIVING & DINING ROOM. THE LUSH PRIVATE BACKYARD IS DESIGNED FOR ENTERTAINING & EVERYDAY ENJOYMENT WITH SPACIOUS SPA & DRAMATIC WATERFALL THAT CASCADES INTO THE HEATED POOL. IT IS MOVE IN READY, SIMPLY BRING YOUR TOOTHBRUSH SINCE THE PURCHASE INCLUDES ALL DESIGNER FURNITURE, FURNISHINGS, ART & COMPLETELY OUTFITTED KITCHEN. IN PRESTIGIOUS 24 HOUR GUARD GATED ANCALA COUNTRY CLUB WITH CLOSE PROXIMITY TO HIKING TRAILS, FINE DINING, SHOPPING, THE MAYO CLINIC & EASY ACCESS TO

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PRICE & RENT TRENDS

Neighborhood: Ancala Casitas Resort

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Ancala Casitas Resort

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
 

$764,100$933,900$849,000

PURCHASE PRICE

$4,167$5,093$4,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,630
EXPENSES Loan Payment -$3,132
Property Tax -$397
Property Insurance -$69
HOA -$57
Property Management Fees -$99
CASH FLOW
$876

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.

$849,000

PROJECTED PRICE

$4,630

PROJECTED RENT

0.55%

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) 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

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k$60k

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$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$3,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

10.75

YEARS SAVED

$163,112

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
  • $5,724

    COMP ESTIMATED VALUE
  • $2.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,000
$5,000
RENT COMPS ANALYSIS
  • 11644 E Cortez Drive Scottsdale, AZ 1
    • 2 beds 3 baths ∙ 2,136 Sqft ∙ Built 1994 2 beds 3 baths ∙ 2,136 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11285 E Helm Drive Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,863 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,863 Sqft ∙ Built 2003
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.68
    •  
PROPERTY LISTING DETAILS
Tsutsumi Herrera-lambrecht
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175276
Last Updated: 12/29/2020
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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