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12595 N 116th Street Scottsdale, AZ 85259

5 Beds 5 Baths 4,096 sqft Built 1999

$1,410,000

List Price

$5,120

$4.9K - $5.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $344.24
  • 1 Days on Market
  • MLS # : 6203454
  • Updated Date : 03/14/2021 at 00:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,096 sqft
  • Baths : 4 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Single Level, Move in ready, 5 bedroom (or 4 bedrooms plus an office) in the highly desirable 24 hour guard gated Ancala Country Club (memberships currently available but optional). Split floor plan with Master/Office OR Master/Nursery on one side of this beautiful home. Stunning views of the McDowell Mountains from the resort style backyard with glistening pool, spa, built in BBQ, fire pit, and spacious covered outdoor entertaining space. Gourmet kitchen opens to the family room with a fireplace and built in bar. Chef's kitchen features a Dacor gas stove, Bosch dishwasher, Sub Zero refrigerator, Dacor double oven, 2nd prep sink, granite countertops and large walk in pantry. Tons of closet space and storage throughout the home and in the 3 car garage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ancala

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $122k1165k

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

Neighborhood: Ancala

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000450050005500Rent in $10455958

* 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
 

$1,269,000$1,551,000$1,410,000

PURCHASE PRICE

$4,608$5,632$5,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,120
EXPENSES Loan Payment -$4,897
Property Tax -$659
Property Insurance -$107
HOA -$52
Property Management Fees -$99
CASH FLOW
-$695

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.

$1,410,000

PROJECTED PRICE

$5,120

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 0.5%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$379,400

INVESTMENT

$379,400

Down Payment
$352,500
Rehab Estimate
$5,750
Closing Costs
$21,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,897

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $352,500
Loan Amount $1,057,500
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$30,160

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
  • $4,280

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$3,8004$4,4005$5,000
$5,000
RENT COMPS ANALYSIS
  • 12595 N 116th Street Scottsdale, AZ 1
    • 5 beds 5 baths ∙ 4,096 Sqft ∙ Built 1999 5 beds 5 baths ∙ 4,096 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12229 E Cortez Drive Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 4,159 Sqft ∙ Built 1995 5 beds 4 baths ∙ 4,159 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.91
    •  
  • 12055 E Mercer Lane Scottsdale, AZ 3
    • 6 beds 3 baths ∙ 3,804 Sqft ∙ Built 1999 6 beds 3 baths ∙ 3,804 Sqft ∙ Built 1999
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.00
    •  
  • 10800 E Cactus Road #25 Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 1992
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.14
    •  
  • 12034 E Yucca Street Scottsdale, AZ 5
    • 5 beds 4 baths ∙ 4,425 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,425 Sqft ∙ Built 2002
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.13
    •  
PROPERTY LISTING DETAILS
Jacqueline Miller
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203454
Last Updated: 03/14/2021
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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