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11909 N 80th Place Scottsdale, AZ 85260

3 Beds 2 Baths 2,579 sqft Built 1986

$750,000

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $290.81
  • 2 Days on Market
  • MLS # : 6206921
  • Updated Date : 03/13/2021 at 20:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,579 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

3 bedroom 2 bath home in the outstanding 24hour guard gated community of Scottsdale Country Club East Nine. Large living room with high ceilings and dramatic fireplace, adjacent to the formal dining room. Spacious kitchen with center island and breakfast room, open to the cozy reading room or office with fireplace.Spacious wrap around patio overlooking the golf course. Community amenities include 24 hour guard gated services, tennis courts and front yard landscape maintenance.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Country Club East

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k703k

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

Neighborhood: Scottsdale Country Club East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453397

* 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
Cochise Elementary School Primary Regular 579 33 10
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cochise Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 33
10
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
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$2,605
Property Tax -$351
Property Insurance -$77
HOA -$262
Property Management Fees -$99
CASH FLOW
-$384

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.

$750,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.40%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$14,710

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
  • $3,320

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$2,9504$2,9505$3,500
$3,500
RENT COMPS ANALYSIS
  • 11909 N 80th Place Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,579 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,579 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7740 E North Lane -- Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,460 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,460 Sqft ∙ Built 1979
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.18
    •  
  • 7615 E Larkspur Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,546 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,546 Sqft ∙ Built 1983
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.16
    •  
  • 8505 N Paradise Drive Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 1979
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.30
    •  
  • 7730 E Charter Oak Road Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,318 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,318 Sqft ∙ Built 1983
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.51
    •  
PROPERTY LISTING DETAILS
Mark Walters
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206921
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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