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12600 N 88th Place Scottsdale, AZ 85260

4 Beds 3 Baths 2,053 sqft Built 1987

$649,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $316.12
  • 4 Days on Market
  • MLS # : 6201288
  • Updated Date : 03/05/2021 at 09:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,053 sqft
  • Baths : 2 full , 1 half
Listing Agent

A.z. & Associates

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pima Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Pima Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,254
Property Tax -$304
Property Insurance -$67
HOA -$62
Property Management Fees -$99
CASH FLOW
-$266

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$649,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,254

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$18,144

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
  • $2,700

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4503$2,5004$2,7005$3,000
$3,000
RENT COMPS ANALYSIS
  • 12600 N 88th Place Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,053 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,053 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9019 E Davenport Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1988
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.22
    •  
  • 13534 N 88th Place Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1991
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
  • 8895 E Wood Drive Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 1992
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.23
    •  
  • 9044 E Larkspur Drive Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 1988
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.56
    •  
PROPERTY LISTING DETAILS
Muntaz Muhammad
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201288
Last Updated: 03/05/2021
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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