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12409 N 136th Street Scottsdale, AZ 85259

3 Beds 4 Baths 3,067 sqft Built 1999

$995,900

List Price

$4,040

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $324.71
  • 4 Days on Market
  • MLS # : 6210719
  • Updated Date : 03/26/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,067 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Scottsdale Mountain is a guard gated community in North Scottsdale close to hiking, golf and the Mayo Clinic. This unique home has absolutely STUNNING views of sunsets and mountains. Located on an elevated lot in GUARD GATED Scottsdale Mountain. Main house has 2 bedrooms, 2.5 Baths and a dedicated office. The Great Room has beautiful mountain views with a floor to ceiling stacked stone fireplace. The property includes a detached CASITA with walk in closet and full Bathroom. The remodel features beautiful hardwood flooring throughout, new tiled bathrooms as well as new solid wood doors with oil rubbed bronze hardware.. The Kitchen features new white cabinetry with soft close, granite counters, updated KitchenAid appliances with built-in refrigerator , wine fridge and gas range.

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
 

$896,310$1,095,490$995,900

PURCHASE PRICE

$3,636$4,444$4,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,040
EXPENSES Loan Payment -$3,459
Property Tax -$571
Property Insurance -$87
HOA -$21
Property Management Fees -$99
CASH FLOW
-$196

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.

$995,900

PROJECTED PRICE

$4,040

PROJECTED RENT

0.41%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

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$269,664

INVESTMENT

$269,664

Down Payment
$248,975
Rehab Estimate
$5,750
Closing Costs
$14,939

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $248,975
Loan Amount $746,925
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$40,129

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,040

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $3,711

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$3,210
1$3,2102$3,3003$3,7004$3,8005$4,040
$4,040
RENT COMPS ANALYSIS
  • 12409 N 136th Street Scottsdale, AZ 5
    • 3 beds 4 baths ∙ 3,067 Sqft ∙ Built 1999 3 beds 4 baths ∙ 3,067 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $4,040
    • $1.32
    •  
  • 14356 E Geronimo Road Scottsdale, AZ 1
    • 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
    •  
  • 12847 E Wethersfield Road Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,870 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,870 Sqft ∙ Built 1998
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.15
    •  
  • 13777 E Lupine Avenue Scottsdale, AZ 3
    • 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
    •  
  • 13877 E Laurel Lane Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 1994
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.28
    •  
PROPERTY LISTING DETAILS
Christine M Espinoza
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210719
Last Updated: 03/26/2021
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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