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11955 E La Posada Circle Scottsdale, AZ 85255

4 Beds 5 Baths 5,128 sqft Built 2001

INVESTimate

$1,595,000

List Price

$7,360

$7,110 - $7,610

Rent Est.

$1,634,397  ( +2.47%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $311.04
  • 8 Days on Market
  • MLS # : 6119697
  • Updated Date : 08/21/2020 at 13:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 5,128 sqft
  • Baths : 4 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Housing showcase Street of Dreams winner of the Best in Show award! All new air conditioning July 2020. Southwest contemporary estate on picturesque lot with spectacular panoramic mountain vistas.5,128 stately SF includes 451 SF guest house. 855 SF air conditioned and floor tiled three car garage. All bedrooms have ensuite baths and closets, and excellent privacy for the owner's suite. Separate tri-tier media room, and study. Bar with wine cave. Soaring ceilings. Stunning and unique architecture of curved interior and exterior walls, butted glass and corner retractable walls of windows provides unobstructed desert and valley views. Gourmet kitchen with all top end appliances; dual Sub Zero, dual Dacor ovens, huge granite island. So much to list, come see for yourself.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dynamite Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k962k

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

Neighborhood: Dynamite Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
Copper Ridge School Primary Regular 1,089 55 8
Copper Ridge School Middle Regular 1,089 55 8
Chaparral High School High Regular 2,053 87 7

Copper Ridge School

  • Education Level: Primary
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Copper Ridge School

  • Education Level: Middle
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Chaparral High School

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

$1,435,500$1,754,500$1,595,000

PURCHASE PRICE

$6,624$8,096$7,360

RENT

DOWN PAYMENT
FINANCING

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $7,360
EXPENSES Loan Payment -$5,885
Property Tax -$746
Property Insurance -$127
HOA -$68
Property Management Fees -$99
CASH FLOW
$435

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.

$1,595,000

PROJECTED PRICE

$7,360

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.47%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$428,425

INVESTMENT

$428,425

Down Payment
$398,750
Rehab Estimate
$5,750
Closing Costs
$23,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $398,750
Loan Amount $1,196,250
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$158,377

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
  • $8,461

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8,500
$8,500
RENT COMPS ANALYSIS
  • 11955 E La Posada Circle Scottsdale, 1
    • 4 beds 5 baths ∙ 5,128 Sqft ∙ Built 2001 4 beds 5 baths ∙ 5,128 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 25148 N 114th Street Scottsdale, 2
    • 5 beds 6 baths ∙ 5,162 Sqft ∙ Built 2006 5 beds 6 baths ∙ 5,162 Sqft ∙ Built 2006
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $8,500
    • $1.65
    •  
PROPERTY LISTING DETAILS
Derek Galli
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119697
Last Updated: 08/21/2020
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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