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12420 N 102nd Place Scottsdale, AZ 85260

5 Beds 3 Baths 2,560 sqft Built 1977

$749,900

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $292.93
  • 3 Days on Market
  • MLS # : 6152865
  • Updated Date : 11/01/2020 at 02:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,560 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

RARE North Scottsdale Cactus Corridor horse property home on Acre plus Cul de Sac Lot! 5 bedroom, 2.5 bath with large circular drive. Relax on the large covered back patio. Split 5th bedroom offers perfect space for office or playroom. Spacious dining room, living room and family room for entertaining. No HOA!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tierra de los Arcos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Tierra de los Arcos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
Redfield Elementary School Primary Regular 513 33 8
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Redfield Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 33
8
GreatSchools Rating

Desert Canyon Middle School

  • Education Level: Middle
  • # of students: 566
  • # of teachers: 29
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$674,910$824,890$749,900

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$2,767
Property Tax -$351
Property Insurance -$77
Property Management Fees -$99
CASH FLOW
-$124

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.

$749,900

PROJECTED PRICE

$3,170

PROJECTED RENT

0.42%

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$35k

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$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$41,437

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
  • $2,912

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,8984$2,9955$3,250
$3,250
RENT COMPS ANALYSIS
  • 12420 N 102nd Place Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 2,560 Sqft ∙ Built 1977 5 beds 3 baths ∙ 2,560 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10220 E Meadow Hill Drive Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1994
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.09
    •  
  • 13226 N 101st Street Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 1987
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,898
    • $1.19
    •  
  • 10274 E Pershing Avenue Scottsdale, AZ 4
    • 5 beds 3 baths ∙ 2,662 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,662 Sqft ∙ Built 1987
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.13
    •  
  • 9719 E Voltaire Drive Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,858 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,858 Sqft ∙ Built 1994
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.14
    •  
PROPERTY LISTING DETAILS
Melissa Kapanicas
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152865
Last Updated: 11/01/2020
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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