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11962 N 112th Way Scottsdale, AZ 85259

4 Beds 3 Baths 2,781 sqft Built 1987

$679,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $244.16
  • 4 Days on Market
  • MLS # : 6202431
  • Updated Date : 03/06/2021 at 03:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,781 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Stop by to see your next home before it's gone! This spacious, beautifully remodeled 4 bedroom 3 bath home, features a tri-level floor plan with large upstairs loft. The backyard is the sanctuary you've been waiting with low maintenance desert landscape & North exposure. Home is fully loaded with Smart Home technology, LED lighting, tile floors and granite countertops. Situated close to Mcdowell Mountains and close to Lost Dog & Sunrise trailheads. Brand new water heater 2020, water softener & RO system, new roof 2018. indoor laundry complete with upgraded washer/dryer. Huge 2+ car garage. Lots of storage for bikes/toys

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
 

$611,100$746,900$679,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,358
Property Tax -$318
Property Insurance -$81
HOA -$1
Property Management Fees -$99
CASH FLOW
-$37

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.

$679,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.42%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$185,685

INVESTMENT

$185,685

Down Payment
$169,750
Rehab Estimate
$5,750
Closing Costs
$10,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,358

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $169,750
Loan Amount $509,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$39,790

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
  • $3,101

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$3,0004$3,2005$3,500
$3,500
RENT COMPS ANALYSIS
  • 11962 N 112th Way Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11212 E Laurel Lane Scottsdale, AZ 2
    • 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
    •  
  • 9663 N 117th Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,480 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,480 Sqft ∙ Built 1994
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.21
    •  
  • 12210 E Desert Cove Avenue Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1991
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.05
    •  
  • 11434 E Sweetwater Avenue Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,967 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,967 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.18
    •  
PROPERTY LISTING DETAILS
Nadya Piazzisi
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202431
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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