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11878 N 114th Way Scottsdale, AZ 85259

4 Beds 4 Baths 3,820 sqft Built 1999

$1,425,000

List Price

$4,880

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $373.04
  • 3 Days on Market
  • MLS # : 6206134
  • Updated Date : 03/13/2021 at 15:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,820 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

UNOBSTRUCTED VIEWS OF CAMELBACK, GOLF COURSE, SUNSETS AND CITY LIGHTS AS YOU ENTER THIS IMPRESSIVE HOME. SINGLE LEVEL, NO STEP HOME FEATURES A SPLIT FLOOR PLAN. MASTER GETAWAY WITH ROMANTIC FIREPLACE HAS A LUXURY BATH & TWO SEPARATE WALK-IN CLOSETS. ON MASTER SIDE IS A BEDROOM WITH PRIVATE BATH & WALK-IN CLOSET. IT MAKES AN EXCELLENT OFFICE OR NURSERY CLOSE TO THE MASTER. THE LIVING ROOM WITH FIREPLACE & DINING ROOM EXIT TO THE BACK PATIO FOR INDOOR TO OUT-DOOR LIVING & ENTERTAINING. KITCHEN HAS RICH WOOD CABINETS, GRANITE COUNTERTOPS WITH PREP ISLAND. IT OPENS TO THE BREAKFAST ROOM & GENEROUS FAMILY ROOM WITH VIEWS. WET BAR IS IDEALLY LOCATED SERVING BOTH THE FAMILY ROOM & LIVING/DINING ROOM. TWO ADDITIONAL BEDROOMS SHARE A JACK N JILL FULL BATHROOM. STUNNING LOW MAINTENANCE BACKYARD

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
 

$1,282,500$1,567,500$1,425,000

PURCHASE PRICE

$4,392$5,368$4,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,880
EXPENSES Loan Payment -$4,950
Property Tax -$666
Property Insurance -$102
HOA -$52
Property Management Fees -$99
CASH FLOW
-$989

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.

$1,425,000

PROJECTED PRICE

$4,880

PROJECTED RENT

0.34%

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$383,375

INVESTMENT

$383,375

Down Payment
$356,250
Rehab Estimate
$5,750
Closing Costs
$21,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,950

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $356,250
Loan Amount $1,068,750
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$16,899

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
  • $4,594

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$4,0004$5,0005$5,600
$5,600
RENT COMPS ANALYSIS
  • 11878 N 114th Way Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 3,820 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,820 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12229 E Cortez Drive Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 4,159 Sqft ∙ Built 1995 5 beds 4 baths ∙ 4,159 Sqft ∙ Built 1995
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.91
    •  
  • 12403 E Lupine Avenue Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 3,503 Sqft ∙ Built 2007 3 beds 3 baths ∙ 3,503 Sqft ∙ Built 2007
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.14
    •  
  • 12040 N 123rd Way Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,672 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,672 Sqft ∙ Built 1997
    property image
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.36
    •  
  • 10526 N 119th Street Scottsdale, AZ 5
    • 5 beds 4 baths ∙ 4,013 Sqft ∙ Built 1994 5 beds 4 baths ∙ 4,013 Sqft ∙ Built 1994
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,600
    • $1.40
    •  
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 #: 6206134
Last Updated: 03/13/2021
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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