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11832 N 119th Street Scottsdale, AZ 85259

5 Beds 5 Baths 4,921 sqft Built 1994

$1,750,000

List Price

$7,900

$7.7K - $8.2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $355.62
  • 3 Days on Market
  • MLS # : 6178362
  • Updated Date : 01/09/2021 at 23:58
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,921 sqft
  • Baths : 4 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This gorgeous contemporary home sits along the 15th fairway in highly sought-after private guard gated community of Ancala Country Club, one of the best private golf courses in the state. Dramatic walls of glass offer stunning views of the golf course, city lights, and mountains. Soaring ceilings, new interior paint, and fun contemporary light fixtures give this home a great feel. The stunning white kitchen with quartz counters and Thermador appliances, is a chef's dream. The Master suite, with Spa-like Bath, is a private retreat with separate entrance to the backyard pool area. The heated pool, with custom rock waterfall, and spa is perfect for Arizona nights and can be enjoyed all year long. The sunset views from this backyard are breathtaking!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ancala

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $122k1165k

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

Neighborhood: Ancala

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000450050005500Rent in $10455958

* 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
 

$1,575,000$1,925,000$1,750,000

PURCHASE PRICE

$7,110$8,690$7,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $7,900
EXPENSES Loan Payment -$6,078
Property Tax -$818
Property Insurance -$123
HOA -$52
Property Management Fees -$99
CASH FLOW
$729

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.

$1,750,000

PROJECTED PRICE

$7,900

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 0.5%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$20k$40k$60k$80k$100k

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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$469,500

INVESTMENT

$469,500

Down Payment
$437,500
Rehab Estimate
$5,750
Closing Costs
$26,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$6,078

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $437,500
Loan Amount $1,312,500
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$170,460

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
  • $6,660

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,4003$5,9004$8,250
$8,250
RENT COMPS ANALYSIS
  • 11832 N 119th Street Scottsdale, AZ 1
    • 5 beds 5 baths ∙ 4,921 Sqft ∙ Built 1994 5 beds 5 baths ∙ 4,921 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11262 E Beryl Avenue Scottsdale, AZ 2
    • 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
    •  
  • 12195 N 119th Street Scottsdale, AZ 3
    • 5 beds 5 baths ∙ 4,720 Sqft ∙ Built 2000 5 beds 5 baths ∙ 4,720 Sqft ∙ Built 2000
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,900
    • $1.25
    •  
  • 10487 N 113th Place Scottsdale, AZ 4
    • 5 beds 5 baths ∙ 5,058 Sqft ∙ Built 1994 5 beds 5 baths ∙ 5,058 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,250
    • $1.63
    •  
PROPERTY LISTING DETAILS
Jessica Jablonski
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178362
Last Updated: 01/09/2021
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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