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11842 N Miller Road Scottsdale, AZ 85260

4 Beds 3 Baths 2,864 sqft Built 1973

$849,900

List Price

$3,690

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $296.75
  • 3 Days on Market
  • MLS # : 6178382
  • Updated Date : 01/08/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,864 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

LOCATION, LOCATION!! Check out this ONE of a Kind Horse property in a Friendly, highly desirable Scottsdale Neighborhood. BIG LOT, 0.8 of an Acre! NO HOA. RV Garage. Cul-de-sac Garage access. Plenty of room for Toys. Citrus Tress. Ideal remodel opportunity. Within minutes from the 101 freeway, Barret Jackson(West World) Kierland, Scottsdale Quarter, Waste Management Open at the TPC, and many golf courses. Property Being Sold AS-IS. VERY SMALL Window to preview. Please call LISTING Agent to setup.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sundown Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k663k

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

Neighborhood: Sundown Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453457

* 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
Sequoya Elementary School Primary Regular 468 25 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Sequoya Elementary School

  • Education Level: Primary
  • # of students: 468
  • # of teachers: 25
9
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$764,910$934,890$849,900

PURCHASE PRICE

$3,321$4,059$3,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,690
EXPENSES Loan Payment -$2,952
Property Tax -$397
Property Insurance -$83
Property Management Fees -$99
CASH FLOW
$159

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.

$849,900

PROJECTED PRICE

$3,690

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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

PROJECTED ANNUAL CASH FLOW

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

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$230,974

INVESTMENT

$230,974

Down Payment
$212,475
Rehab Estimate
$5,750
Closing Costs
$12,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,475
Loan Amount $637,425
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$65,379

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,690

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $3,924

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6903$3,7004$3,9955$4,500
$4,500
RENT COMPS ANALYSIS
  • 11842 N Miller Road Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $1.29
    •  
  • 12617 N 71st Street Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,016 Sqft ∙ Built 1973 4 beds 3 baths ∙ 3,016 Sqft ∙ Built 1973
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.16
    •  
  • 7577 E Corrine Road Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 2,824 Sqft ∙ Built 1987 3 beds 4 baths ∙ 2,824 Sqft ∙ Built 1987
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.31
    •  
  • 8231 E Appaloosa Trail Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,824 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,824 Sqft ∙ Built 1979
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.41
    •  
  • 7508 E Aster Drive Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 1986
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.60
    •  
PROPERTY LISTING DETAILS
Richard L Berry
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178382
Last Updated: 01/08/2021
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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