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12146 N 120th Street Scottsdale, AZ 85259

5 Beds 3 Baths 3,251 sqft Built 1994

$1,275,000

List Price

$4,220

$4K - $4.5K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $392.19
  • 3 Days on Market
  • MLS # : 6165326
  • Updated Date : 11/28/2020 at 23:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,251 sqft
  • Baths : 3 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Remodeled home in guard gated Ancala with golf course, city light, and mountain views under 1.3! Bright open floor plan with plenty of big windows and glass doors to enjoy indoor/outdoor style living. Chef's kitchen with new stainless steel appliances, double ovens, walk-in pantry, gas cooktop, and large center island. Open to the family room with cozy fireplace and all the views! Desirable split floorplan. Master bedroom with access to backyard oasis. Remodeled Master bath with his/hers sinks and vanity, and walk-in closet with custom cabinetry. Escape to the backyard retreat with extended covered patio looking out onto the new negative edge pool and spa. Plus new outdoor kitchen, fire pits, misters, and putting green. Perfect backyard for entertaining! Sit back relax and enjoy the view.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ancala

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $122k1165k

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

Neighborhood: Ancala

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000450050005500Rent in $10455958

* 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
 

$1,147,500$1,402,500$1,275,000

PURCHASE PRICE

$3,798$4,642$4,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,220
EXPENSES Loan Payment -$4,704
Property Tax -$596
Property Insurance -$91
HOA -$52
Property Management Fees -$99
CASH FLOW
-$1,322

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.

$1,275,000

PROJECTED PRICE

$4,220

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 0.5%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$343,625

INVESTMENT

$343,625

Down Payment
$318,750
Rehab Estimate
$5,750
Closing Costs
$19,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$4,704

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $318,750
Loan Amount $956,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$5,599

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
  • $3,438

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,2004$3,7005$4,000
$4,000
RENT COMPS ANALYSIS
  • 12146 N 120th Street Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 3,251 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,251 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10937 N 123rd Street Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1993
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.98
    •  
  • 12210 E Desert Cove Avenue Scottsdale, AZ 3
    • 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
    •  
  • 12476 E Altadena Avenue Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,501 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,501 Sqft ∙ Built 1993
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.06
    •  
  • 12403 E Lupine Avenue Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 3,503 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,503 Sqft ∙ Built 2007
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.14
    •  
PROPERTY LISTING DETAILS
Lisa Roberts
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165326
Last Updated: 11/28/2020
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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