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11856 E Appaloosa Place Scottsdale, AZ 85259

2 Beds 3 Baths 1,840 sqft Built 1994

$517,500

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $281.25
  • 2 Days on Market
  • MLS # : 6203520
  • Updated Date : 03/06/2021 at 15:59
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,840 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Opportunity to live in highly desired guard gated Stonegate community. Wonderful great rm floor plan with split master bedroom suite, 2nd bedroom ensuite, and office w/ built-in desk, cabinets & complete w/murphy bed. Also has a guest bathroom. Some updating in 2020-2021 includes: new kitchen cabinets with granite counter tops, new master bathroom vanity, new master bath tub, new carpet in 2 bedrooms. Other features: gas hot water heater, water softener, R/O drinking water in kitchen, 2 car garage, built-in garage cabinets, nice back patio. Easy desert landscaping front & back yards. You'll love the Stonegate resort lifestyle with the guard gated entry, heated pool (for laps & play) & heated spa, 7 tennis courts, 2 pickleball courts, kids play area & basketball area.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stonegate

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k680k

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

Neighborhood: Stonegate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453357

* 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
Laguna Elementary School Primary Regular 546 29 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Laguna Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 29
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
 

$465,750$569,250$517,500

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$1,797
Property Tax -$242
Property Insurance -$63
HOA -$200
Property Management Fees -$99
CASH FLOW
$118

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.

$517,500

PROJECTED PRICE

$2,520

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,888

INVESTMENT

$142,888

Down Payment
$129,375
Rehab Estimate
$5,750
Closing Costs
$7,763

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,797

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $129,375
Loan Amount $388,125
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$38,490

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
  • $2,663

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8253$1,9504$2,2875$3,500
$3,500
RENT COMPS ANALYSIS
  • 11856 E Appaloosa Place Scottsdale, AZ 1
    • 2 beds 3 baths ∙ 1,840 Sqft ∙ Built 1994 2 beds 3 baths ∙ 1,840 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11500 E Cochise Drive #1086 Scottsdale, AZ 2
    • 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
    •  
  • 10912 E Gary Road Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,535 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,535 Sqft ∙ Built 1986
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.27
    •  
  • 10481 E Bella Vista Drive Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,689 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,689 Sqft ∙ Built 1985
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,287
    • $1.35
    •  
  • 9438 N 115th Street Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,733 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,733 Sqft ∙ Built 1993
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.02
    •  
PROPERTY LISTING DETAILS
Karen J Weston
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203520
Last Updated: 03/06/2021
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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