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11675 E Wethersfield Road Scottsdale, AZ 85259

4 Beds 4 Baths 4,289 sqft Built 1998

$1,475,000

List Price

$5,310

$5.1K - $5.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $343.90
  • 3 Days on Market
  • MLS # : 6185704
  • Updated Date : 01/30/2021 at 06:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,289 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

THIS FAMILY HOME HAS ALL THE RIGHT SPACES WITH A LUSH RESORT BACKYARD FOR ADDITIONAL FAMILY FUN. MASTER RETREAT & STUNNING EXECUTIVE BUILT-IN OFFICE ARE OPPOSITE 3 ADDITIONAL BEDROOMS. THE MASTER SUITE HAS A PRIVATE EXIT TO GROUNDS, LUXURY BATHROOM & H-U-G-E CUSTOM WALK-IN CLOSET. THIS HOME WAS DESIGNED TO ENJOY EVERYDAY LIVING & HOSTING THE GRANDEST OF GATHERINGS. UPON ENTERING THE IMPRESSIVE WALLS OF GLASS VIEW OUT TO THE PRIVATE BACKYARD WITH WATERFALL CASCADING INTO LARGE POOL & SEPARATE SPA. BUILT-IN BBQ WITH BANCO SEATING, MULTIPLE PATIOS FOR LOUNGING MAKE THIS BACKYARD EXCEPTIONAL. THE GOURMET KITCHEN IS IMPRESSIVE & OPENS TO THE SPACIOUS FAMILY ROOM WITH FIREPLACE. AN ENTERTAINERS WET BAR IS CENTRALLY LOCATED. MUST SEE VIDEO! THE ARCHITECTURAL DETAILS, QUALITY OF CONSTRUCTION

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
 

$1,327,500$1,622,500$1,475,000

PURCHASE PRICE

$4,779$5,841$5,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,310
EXPENSES Loan Payment -$5,123
Property Tax -$690
Property Insurance -$111
HOA -$52
Property Management Fees -$99
CASH FLOW
-$765

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.

$1,475,000

PROJECTED PRICE

$5,310

PROJECTED RENT

0.36%

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

PROJECTED ANNUAL CASH FLOW

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

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$396,625

INVESTMENT

$396,625

Down Payment
$368,750
Rehab Estimate
$5,750
Closing Costs
$22,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$5,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $368,750
Loan Amount $1,106,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$29,525

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,310

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $4,954

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$5,0003$5,3104$5,4005$5,600
$5,600
RENT COMPS ANALYSIS
  • 11675 E Wethersfield Road Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 4,289 Sqft ∙ Built 1998 4 beds 4 baths ∙ 4,289 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $5,310
    • $1.24
    •  
  • 12229 E Cortez Drive Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 4,159 Sqft ∙ Built 1995 5 beds 4 baths ∙ 4,159 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.91
    •  
  • 12034 E Yucca Street Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 4,425 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,425 Sqft ∙ Built 2002
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.13
    •  
  • 11262 E Beryl Avenue Scottsdale, AZ 4
    • 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
    •  
  • 10526 N 119th Street Scottsdale, AZ 5
    • 5 beds 4 baths ∙ 4,013 Sqft ∙ Built 1994 5 beds 4 baths ∙ 4,013 Sqft ∙ Built 1994
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,600
    • $1.40
    •  
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 #: 6185704
Last Updated: 01/30/2021
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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