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11793 E Cortez Drive Scottsdale, AZ 85259

2 Beds 3 Baths 1,756 sqft Built 1992

$650,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $370.16
  • 1 Days on Market
  • MLS # : 6179244
  • Updated Date : 01/10/2021 at 02:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,756 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

REMODELED 2016 VILLA IN 24 HOUR GUARD GATED ANCALA COUNTRY CLUB. REMODELING INCLUDED TILE PLANK WOOD FLOORING, UPDATED BATHROOMS AND KITCHEN. NO WORK TO BE DONE, MOVE IN READY! LIGHT, BRIGHT OPEN FLOOR PLAN WITH MOUNTAIN VIEWS. TWO SPLIT MASTER SUITES WITH SEPARATE ENTRIES. LARGER MASTER BATHROOM HAS FULLY RENOVATED DOUBLE VANITY SINKS, SEPARATE SPA TUB AND SEAMLESS SHOWER. SECOND MASTER BATH ALSO REMODELED. KITCHEN RENOVATIONS INCLUDED GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES & HARDWARE. BACKYARD HAS TRANQUIL MOUNTAIN VIEWS A FOREVER GREEN GRASS AREA FOR PETS & BUILT-IN BBQ. IN PRESTIGIOUS ANCALA WITH CLOSE PROXIMITY TO DESIRABLE SCOTTSDALE & BASIS SCHOOLS, HIKING TRAILS, SHOPPING, DINING, MAYO CLINIC AND EASY ACCESS TO FREEWAYS. ANCALA C.C. MEMBERSHIP IS OPTIONAL WITH A VARIETY

SEE MORE

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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$2,258
Property Tax -$304
Property Insurance -$61
HOA -$57
Property Management Fees -$99
CASH FLOW
-$509

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.

$650,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.35%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,668

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
  • $1,989

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6504$1,7005$1,825
$1,825
RENT COMPS ANALYSIS
  • 11793 E Cortez Drive Scottsdale, AZ 1
    • 2 beds 3 baths ∙ 1,756 Sqft ∙ Built 1992 2 beds 3 baths ∙ 1,756 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11500 E Cochis Drive #2012 Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,462 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,462 Sqft ∙ Built 2001
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.09
    •  
  • 11500 E Cochise Drive #2072 Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,462 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,462 Sqft ∙ Built 2001
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.13
    •  
  • 11500 E Cochise Drive #2096 Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,462 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,462 Sqft ∙ Built 2001
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.16
    •  
  • 11500 E Cochise Drive #1086 Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,587 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,587 Sqft ∙ Built 2001
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.15
    •  
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 #: 6179244
Last Updated: 01/10/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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