Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11961 N 112th Street Scottsdale, AZ 85259

3 Beds 3 Baths 2,298 sqft Built 1987

$499,900

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $217.54
  • 2 Days on Market
  • MLS # : 6157457
  • Updated Date : 11/07/2020 at 22:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,298 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Remodeled French Country design move in ready, lots of storage, gorgeous kitchen with high end appliances, quartz counters, romantic kitchen nook and area for wine refrigerator, high end cabinets with pull out drawers, R/O in kitchen, induction cooktop and convection ovens/microwave. Beautiful tile floors in common area. Master downstairs, 2 bedrooms and huge loft with wet bar upstairs. New water heater. Corner lot in a cul-de-sac with pool and waterfalls, private yard, beautiful palm trees, mature citrus tree, low maintenance landscaping. METICULOUSLY maintained. North/South exposure. This home is one of a kind by a French designer. Venez voir cette magnifique maison!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Casa Norte

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Casa Norte

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10182993

* 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
 

$449,910$549,890$499,900

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,844
Property Tax -$234
Property Insurance -$72
HOA -$1
Property Management Fees -$99
CASH FLOW
$90

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$499,900

PROJECTED PRICE

$2,340

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$48,398

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
  • $2,551

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,5004$2,6005$2,850
$2,850
RENT COMPS ANALYSIS
  • 11961 N 112th Street Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,298 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,298 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11390 E Jenan Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1987
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
  • 11271 E Poinsettia Drive Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 1986
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.20
    •  
  • 11212 E Laurel Lane Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1987
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.02
    •  
  • 10697 N 113th Street Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 1988
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.20
    •  
PROPERTY LISTING DETAILS
Deanna Peters
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157457
Last Updated: 11/07/2020
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.

BESbswy