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12414 N 80th Place Scottsdale, AZ 85260

4 Beds 3 Baths 2,446 sqft Built 1978

$699,900

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $286.14
  • 1 Days on Market
  • MLS # : 6184832
  • Updated Date : 01/24/2021 at 04:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,446 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

NO MORE SHOWINGS. MULTIPLE OFFERS RECEIVED. IF YOU HAVE SCHEDULED A SHOWING FOR SUNDAY 1-24 YOU MAY SHOW. ANY MORE REQUESTS WILL BE DENIED. WILL RESPOND BY MONDAY 1-25 TO ALL OFFERS BY 8 PM. GREAT INVESTMENT OPPORTUNITY IN THIS HIGHLY SOUGHT AFTER NEIGHBORHOOD OF STONERIDGE ESTATES IN THE HEART OF THE NORTH SCOTTSDALE CORRIDOR. THIS IS AN ESTATE SALE AND THE HOME IS BEING SOLD AS IS. THE HOME HAS GOOD BONES, IT IS MOSTLY ORIGINAL AND HAS SOME DEFERRED MAINTENANCE. OWNER REQUESTS COE TO BE NO SOONER THAN 04-15-21.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stoneridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k787k

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

Neighborhood: Stoneridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454024

* 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
Sonoran Sky Elementary School Primary Regular 715 37 9
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Sonoran Sky Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 37
9
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

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,431
Property Tax -$521
Property Insurance -$75
Property Management Fees -$99
CASH FLOW
-$136

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.

$699,900

PROJECTED PRICE

$2,990

PROJECTED RENT

0.43%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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

4.08

YEARS SAVED

$27,047

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
  • $3,278

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9503$2,9504$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 12414 N 80th Place Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7615 E Larkspur Drive Scottsdale, AZ 2
    • 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
    •  
  • 8505 N Paradise Drive Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 1979
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.30
    •  
  • 7730 E Charter Oak Road Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,318 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,318 Sqft ∙ Built 1983
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.51
    •  
  • 8619 E Jenan Drive Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 2,586 Sqft ∙ Built 1975 5 beds 3 baths ∙ 2,586 Sqft ∙ Built 1975
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.39
    •  
PROPERTY LISTING DETAILS
Tyler Weisser
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184832
Last Updated: 01/24/2021
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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