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12449 N 137th Way Scottsdale, AZ 85259

4 Beds 3 Baths 2,827 sqft Built 1997

$875,000

List Price

$3,740

$3.5K - $4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $309.52
  • 2 Days on Market
  • MLS # : 6182933
  • Updated Date : 01/23/2021 at 01:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,827 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Beautifully maintained and updated along the way 4 br 2.5 bath home high on the mountain and in a cul de sac, backing preserve with minimal impact of other houses! Great Golden Heritage floor plan features open living room/dining room and large great room kitchen, breakfast family room, all with 12 ' ceilings and opening out to the extended outdoor living area. Modernized kitchen and wonderful island has views from every room! East facing backyard oasis has a resort feel, outdoor natural gas kitchen, FIREPIT in raised viewing area see city lights! Must see at night for second showing! Heated pool.

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
 

$787,500$962,500$875,000

PURCHASE PRICE

$3,366$4,114$3,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,740
EXPENSES Loan Payment -$3,039
Property Tax -$502
Property Insurance -$82
HOA -$21
Property Management Fees -$99
CASH FLOW
-$2

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.

$875,000

PROJECTED PRICE

$3,740

PROJECTED RENT

0.43%

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$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$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$3,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$48,580

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,740

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $3,371

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,2103$3,2504$3,7005$3,740
$3,740
RENT COMPS ANALYSIS
  • 12449 N 137th Way Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,827 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,827 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,740
    • $1.32
    •  
  • 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
    •  
  • 13663 E Paradise Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 1996
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.31
    •  
  • 13777 E Lupine Avenue Scottsdale, AZ 4
    • 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
Peggy H Gascon
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182933
Last Updated: 01/23/2021
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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