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11750 N 108th Way Scottsdale, AZ 85259

4 Beds 3 Baths 3,680 sqft Built 1986

$1,199,000

List Price

$4,860

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $325.82
  • 5 Days on Market
  • MLS # : 6208424
  • Updated Date : 03/20/2021 at 19:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,680 sqft
  • Baths : 3 full
Listing Agent

Uci Realty, L.l.c.

Listing Agent's Description

Finally, a huge corner lot property available in Scottsdale's Preston Hills community. This home includes a professionally landscaped desert front yard and a curb appeal like no other. Fantastic interior is a dream come true with a modern chandelier in entryway, formal living & dining room, wood-burning fireplace, a wet-bar perfect for entertaining guests. The gourmet kitchen will delight any chef with its high-end appliances, gleaming countertops and beautiful cabinets. Split floor plan allows for perfect privacy. A Double-door master retreat provides a private exit and lavish bathroom w/dual vanity, step-in shower, separate tub and bonus room/den located near master wing. Large backyard with covered patio, grassy area, built-in BBQ, RV gate and refreshing pool is an entertainer's dream

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Preston Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $122k849k

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

Neighborhood: Preston Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000Rent in $10455090

* 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
 

$1,079,100$1,318,900$1,199,000

PURCHASE PRICE

$4,374$5,346$4,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,860
EXPENSES Loan Payment -$4,165
Property Tax -$561
Property Insurance -$99
Property Management Fees -$99
CASH FLOW
-$63

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.

$1,199,000

PROJECTED PRICE

$4,860

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.8%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,485

INVESTMENT

$323,485

Down Payment
$299,750
Rehab Estimate
$5,750
Closing Costs
$17,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,165

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $299,750
Loan Amount $899,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$66,237

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,860

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $4,508

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,4003$4,6504$4,8505$4,860
$4,860
RENT COMPS ANALYSIS
  • 11750 N 108th Way Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 3,680 Sqft ∙ Built 1986 4 beds 3 baths ∙ 3,680 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $4,860
    • $1.32
    •  
  • 9816 E Kalil Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,511 Sqft ∙ Built 1984 4 beds 3 baths ∙ 3,511 Sqft ∙ Built 1984
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.20
    •  
  • 10800 E Cactus Road #25 Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 1992
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.14
    •  
  • 11529 N 99th Street Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,902 Sqft ∙ Built 1982 4 beds 3 baths ∙ 3,902 Sqft ∙ Built 1982
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $1.19
    •  
  • 9943 E Island Circle Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,535 Sqft ∙ Built 1986 4 beds 4 baths ∙ 3,535 Sqft ∙ Built 1986
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $1.37
    •  
PROPERTY LISTING DETAILS
Melissa M O'donnell
Uci Realty, L.l.c.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208424
Last Updated: 03/20/2021
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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