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12221 N 70th Street Scottsdale, AZ 85254

4 Beds 2 Baths 2,374 sqft Built 1970

$699,900

List Price

$2,940

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $294.82
  • 3 Days on Market
  • MLS # : 6176804
  • Updated Date : 01/16/2021 at 00:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,374 sqft
  • Baths : 2 full
Listing Agent

Those Callaways

Listing Agent's Description

WHAT AN OPPORTUNITY! What a location, what a lot, what possibilities! Set well back on over three-quarters of an ACRE in sought-after Sweetwater Corridor, less than a mile to Valley shopping, dining and entertainment. RV gate/expansive parking. A semi-circle drive, front courtyard and double-door entry invite you in. A vaulted-and-beamed wood ceiling soars overhead in the welcoming living room with a fireplace flanked by view windows. Formal dining room and private-exit master suite. Dine alfresco on the deep covered patio, revealing access to the generous bonus room that's perfect for use as a hobbyist's studio, home gym or office. Easy-care landscape surrounds the fenced dive pool. The remainder of the large lot features addt'l open land for personalized amenities.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Via de Caballos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k618k

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

Neighborhood: Via de Caballos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453409

* 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
Sandpiper Elementary School Primary Regular 479 28 7
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Sandpiper Elementary School

  • Education Level: Primary
  • # of students: 479
  • # of teachers: 28
7
GreatSchools Rating

Desert Shadows Middle School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 34
9
GreatSchools Rating

Horizon High School

  • Education Level: High
  • # of students: 2,262
  • # of teachers: 86
8
GreatSchools Rating
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$2,431
Property Tax -$524
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
-$187

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$699,900

PROJECTED PRICE

$2,940

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

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$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$24,623

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,940

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $2,754

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8003$2,9404$2,9505$2,995
$2,995
RENT COMPS ANALYSIS
  • 12221 N 70th Street Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $1.24
    •  
  • 11625 N 67th Street Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 2,507 Sqft ∙ Built 1962 5 beds 3 baths ∙ 2,507 Sqft ∙ Built 1962
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.12
    •  
  • 12636 N 68th Place Scottsdale, AZ 2
    • 5 beds 2 baths ∙ 2,415 Sqft ∙ Built 1973 5 beds 2 baths ∙ 2,415 Sqft ∙ Built 1973
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
  • 7615 E Larkspur Drive Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,546 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,546 Sqft ∙ Built 1983
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.16
    •  
  • 12228 N 64th Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,495 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,495 Sqft ∙ Built 1969
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.20
    •  
PROPERTY LISTING DETAILS
Joann Callaway
Those Callaways
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176804
Last Updated: 01/16/2021
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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