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12090 N 103rd Place Scottsdale, AZ 85260

5 Beds 4 Baths 4,753 sqft Built 1987

$1,999,000

List Price

$6,990

$6.7K - $7.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $420.58
  • 2 Days on Market
  • MLS # : 6179182
  • Updated Date : 01/09/2021 at 22:48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,753 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

This Sonoran paradise on a private cul-de-sac welcomes you with a desert landscape, towering saguaro cacti and classic Southwestern architecture. This massive home is a rejuvenating retreat featuring private pool, spa, sand volleyball court, splash pad, shuffle board and more. Spacious and expansive floor plan consists of 5 bedrooms, 3.5 baths, an office and a game room. Host your family barbecue on the stunning outdoor dining space. Lounge under the shade of the wood awning, with the ceiling fans to keep you cool. When the sun sets, you can fire up the grill and enjoy the meal outside in the most luxurious desert ambience. Large covered carport allows for parking all the toys. **No HOA** This Successful Vacation Rental Property could be yours!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cactus Villas

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k938k

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

Neighborhood: Cactus Villas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10454312

* 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
Redfield Elementary School Primary Regular 513 33 8
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Redfield Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 33
8
GreatSchools Rating

Desert Canyon Middle School

  • Education Level: Middle
  • # of students: 566
  • # of teachers: 29
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$1,799,100$2,198,900$1,999,000

PURCHASE PRICE

$6,291$7,689$6,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,990
EXPENSES Loan Payment -$6,943
Property Tax -$935
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
-$1,107

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.

$1,999,000

PROJECTED PRICE

$6,990

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 3.8%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k$0.0$20k$40k$60k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$535,485

INVESTMENT

$535,485

Down Payment
$499,750
Rehab Estimate
$5,750
Closing Costs
$29,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,943

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $499,750
Loan Amount $1,499,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$36,872

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
  • $5,311

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5003$5,0004$5,4005$5,900
$5,900
RENT COMPS ANALYSIS
  • 12090 N 103rd Place Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 4,753 Sqft ∙ Built 1987 5 beds 4 baths ∙ 4,753 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9907 E Celtic Drive Scottsdale, AZ 2
    • 4 beds 5 baths ∙ 4,510 Sqft ∙ Built 2005 4 beds 5 baths ∙ 4,510 Sqft ∙ Built 2005
    LEASED 08/01/09
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.00
    •  
  • 11880 N 98th Street Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 4,829 Sqft ∙ Built 1983 4 beds 3 baths ∙ 4,829 Sqft ∙ Built 1983
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.04
    •  
  • 11262 E Beryl Avenue Scottsdale, AZ 4
    • 5 beds 4 baths ∙ 4,591 Sqft ∙ Built 1993 5 beds 4 baths ∙ 4,591 Sqft ∙ Built 1993
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,400
    • $1.18
    •  
  • 12195 N 119th Street Scottsdale, AZ 5
    • 5 beds 5 baths ∙ 4,720 Sqft ∙ Built 2000 5 beds 5 baths ∙ 4,720 Sqft ∙ Built 2000
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,900
    • $1.25
    •  
PROPERTY LISTING DETAILS
Jennifer A Patterson
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179182
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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