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12702 N 95th Way Scottsdale, AZ 85260

3 Beds 2 Baths 1,864 sqft Built 1988

INVESTimate

$495,000

List Price

$2,300

$2,070 - $2,530

Rent Est.

$529,997  ( +7.07%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $265.56
  • 4 Days on Market
  • MLS # : 6120284
  • Updated Date : 08/25/2020 at 18:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,864 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Perfect 3 bedroom, 2 bath home in Scottsdale's finest Zip codes 85260 and this is a Sweetwater Ranch beautiful single level home located in a cul-de-sac near the heated community pool and tennis courts. Vaulted ceilings with a stone electric fireplace in this open bright floor plan. Dining room and an eat-in Kitchen with granite counter tops. Third bedroom, perfect for an office or study, Master bath upgraded shower. Low maintenance back yard HOA maintains front grassy area. Owner Agent

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sweetwater Ranch Manor

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Sweetwater Ranch Manor

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
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,826
Property Tax -$232
Property Insurance -$64
HOA -$183
Property Management Fees -$99
CASH FLOW
-$103

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.

$495,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.07%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$23,994

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
  • $2,302

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0503$2,2004$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 12702 N 95th Way Scottsdale, 1
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12894 N 95th Way Scottsdale, 2
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1988
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.14
    •  
  • 12830 N 95th Way Scottsdale, 3
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1988
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.16
    •  
  • 9633 E Camino Del Santo -- Scottsdale, 4
    • 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1984
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.26
    •  
  • 9526 E Wood Drive Scottsdale, 5
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1986
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.38
    •  
PROPERTY LISTING DETAILS
Anson White
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120284
Last Updated: 08/25/2020
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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