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12636 N 68th Place Scottsdale, AZ 85254

5 Beds 2 Baths 2,415 sqft Built 1973

$675,000

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $279.50
  • 6 Days on Market
  • MLS # : 6166412
  • Updated Date : 12/01/2020 at 16:58
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,415 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty

Listing Agent's Description

Remodel or New Home opportunity. **Tenant in place until 09-30-2021 at $2,800 per month** (Income while you are getting your plans approved) Huge lot with over 1/2 acre with a giant detached garage. Highly sought after part of town. Excellent Schools. Close to thousands of jobs at the Scottsdale Air Park and close to hundreds of shops and restaurants at Kierland Commons and the Scottsdale Quarter. 5 Bedroom, 2 Bathroom, Pool, 2 Car Garage, Inside Laundry, updated floors and appliances. Multiple new builds and remodels happening in this area.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Trails

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k558k

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

Neighborhood: Desert Trails

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
Sandpiper Elementary School Primary Regular 479 28 7
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Sandpiper Elementary School

  • Education Level: Primary
  • # of students: 479
  • # of teachers: 28
7
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
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$2,490
Property Tax -$505
Property Insurance -$74
Property Management Fees -$99
CASH FLOW
-$79

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.

$675,000

PROJECTED PRICE

$3,090

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$38,908

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
  • $3,218

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7503$3,1004$3,2955$3,500
$3,500
RENT COMPS ANALYSIS
  • 12636 N 68th Place Scottsdale, AZ 1
    • 5 beds 2 baths ∙ 2,415 Sqft ∙ Built 1973 5 beds 2 baths ∙ 2,415 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6548 E Presidio Road Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 1974
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.25
    •  
  • 7020 E Friess Drive Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,274 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,274 Sqft ∙ Built 1979
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.36
    •  
  • 6834 E Gelding Drive Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,670 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,670 Sqft ∙ Built 1993
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.23
    •  
  • 6828 E Ludlow Drive Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1978
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.49
    •  
PROPERTY LISTING DETAILS
Michael Hankerson
Fathom Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166412
Last Updated: 12/01/2020
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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