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12345 N 137th Way Scottsdale, AZ 85259

4 Beds 2 Baths 2,782 sqft Built 1996

$925,000

List Price

$3,510

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $332.49
  • 4 Days on Market
  • MLS # : 6195352
  • Updated Date : 02/21/2021 at 01:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,782 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Tucked away in the exclusive guard gated community of Scottsdale Mountain this gorgeous 4 bedroom, 2 bathroom home awaits!! This exclusive lot is nestled in the Foothills of the McDowell Mountains and backs up to a natural wash with AMAZING mountain views as the backdrop. Inside you'll find 12ft ceilings, newly remodeled wood floors, a 2 way fireplace in the living room/great room, granite countertops in the kitchen and picture windows to capture the views, especially in the Master Bedroom! Just a few of the features in this stunning home. Also, the East facing backyard offers a covered patio and cascading water feature, perfect additions to the natural beauty and serenity. And the oversized 3 car garage features wall to wall cabinets offering plenty of storage for all of your toys.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Scottsdale Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454655

* 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
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$3,159$3,861$3,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,510
EXPENSES Loan Payment -$3,213
Property Tax -$530
Property Insurance -$81
HOA -$21
Property Management Fees -$99
CASH FLOW
-$434

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.

$925,000

PROJECTED PRICE

$3,510

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,213

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$20,390

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,510

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $3,318

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,2103$3,5004$3,5105$3,700
$3,700
RENT COMPS ANALYSIS
  • 12345 N 137th Way Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,782 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,782 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $3,510
    • $1.26
    •  
  • 14077 E Coyote Road Scottsdale, AZ 1
    • 3 beds 4 baths ∙ 2,708 Sqft ∙ Built 2001 3 beds 4 baths ∙ 2,708 Sqft ∙ Built 2001
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.05
    •  
  • 14356 E Geronimo Road Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2002
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $1.11
    •  
  • 10929 N 140th Way Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1996
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.31
    •  
  • 13777 E Lupine Avenue Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,836 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,836 Sqft ∙ Built 1994
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.30
    •  
PROPERTY LISTING DETAILS
Derrick J Brissette
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195352
Last Updated: 02/21/2021
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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