Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12682 N 80th Place N Scottsdale, AZ 85260

4 Beds 3 Baths 2,780 sqft Built 1978

$899,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $323.38
  • 10 Days on Market
  • MLS # : 6151733
  • Updated Date : 10/28/2020 at 13:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,780 sqft
  • Baths : 3 full
Listing Agent

Goddes Homes

Listing Agent's Description

Endless possibilities with this gorgeous property in the highly sought after 85260 area. Over an acre horse property with an area to add on, build a guest house or another arena for your horses. This home has been beautifully updated and has two master suites with a split floor plan. Custom cabinets with granite countertops and travertine tile throughout the entire house. The pristine curb appeal with a large presidential drive, large rv gate and low maintenance lawn is hard to find. The backyard boasts a resort like (newly remodeled) diving pool with high-end travertine tile. Double laundry rooms inside and in garage for convenience and ease.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stoneridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k787k

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

Neighborhood: Stoneridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454024

* 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
Sonoran Sky Elementary School Primary Regular 715 37 9
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Sonoran Sky Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 37
9
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
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$3,317
Property Tax -$669
Property Insurance -$81
Property Management Fees -$99
CASH FLOW
-$1,036

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.

$899,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.35%

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

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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,542

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $3,093

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$3,0003$3,0004$3,1005$3,130
$3,130
RENT COMPS ANALYSIS
  • 12682 N 80th Place N Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $1.13
    •  
  • 12031 N Sundown Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,765 Sqft ∙ Built 1970 3 beds 3 baths ∙ 2,765 Sqft ∙ Built 1970
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 12669 N 76th Place N Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,494 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,494 Sqft ∙ Built 1985
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.20
    •  
  • 7597 E Windrose Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,621 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,621 Sqft ∙ Built 1985
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.14
    •  
  • 7674 E Aster Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,552 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,552 Sqft ∙ Built 1985
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.21
    •  
PROPERTY LISTING DETAILS
Jade Izzett
Goddes Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151733
Last Updated: 10/28/2020
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.

BESbswy