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12706 E Desert Cove Avenue Scottsdale, AZ 85259

5 Beds 3 Baths 3,356 sqft Built 2000

INVESTimate

$788,000

List Price

$3,780

$3,530 - $4,030

Rent Est.

$810,379  ( +2.84%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $234.80
  • 5 Days on Market
  • MLS # : 6115767
  • Updated Date : 08/21/2020 at 20:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,356 sqft
  • Baths : 3 full
Listing Agent

Re/max Advantage

Listing Agent's Description

Please be sure to take the 3D Matterport Walk-Through Tour! Welcome to Sierra Foothills, a gated Pulte Homes community nestled amongst the McDowell Mountains in North Scottsdale. This single level 5 bed, 3 bath home features an open concept floor plan, high ceilings, split master bedroom, games room, 3 car garage, and a resort-like backyard. As you enter the home you will find the formal dining room and living room, which is currently being used as a game room with pool table lighting, plantation shutters, and wood flooring. The family room with gas fireplace is open to the kitchen and dining nook, making it great for entertaining. The kitchen features granite countertops, stainless steel appliances, gas cooktop, double ovens, and a large walk-in pantry.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Sierra Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453931

* 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
 

$709,200$866,800$788,000

PURCHASE PRICE

$3,402$4,158$3,780

RENT

DOWN PAYMENT
FINANCING

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$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,780
EXPENSES Loan Payment -$2,907
Property Tax -$369
Property Insurance -$93
HOA -$67
Property Management Fees -$99
CASH FLOW
$246

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.

$788,000

PROJECTED PRICE

$3,780

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.84%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$214,570

INVESTMENT

$214,570

Down Payment
$197,000
Rehab Estimate
$5,750
Closing Costs
$11,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,907

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $197,000
Loan Amount $591,000
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$80,287

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,780

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $3,113

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9953$3,0204$3,5005$3,780
$3,780
RENT COMPS ANALYSIS
  • 12706 E Desert Cove Avenue Scottsdale, 5
    • 5 beds 3 baths ∙ 3,356 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,356 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,780
    • $1.13
    •  
  • 11265 N 130th Way Scottsdale, 1
    • 5 beds 3 baths ∙ 3,253 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,253 Sqft ∙ Built 1991
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.89
    •  
  • 12871 E Becker Lane Scottsdale, 2
    • 5 beds 3 baths ∙ 3,501 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,501 Sqft ∙ Built 1991
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.86
    •  
  • 11325 N 129th Way Scottsdale, 3
    • 5 beds 4 baths ∙ 3,275 Sqft ∙ Built 1988 5 beds 4 baths ∙ 3,275 Sqft ∙ Built 1988
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,020
    • $0.92
    •  
  • 12543 E Mercer Lane Scottsdale, 4
    • 4 beds 3 baths ∙ 3,356 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,356 Sqft ∙ Built 2001
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jason Felker
Re/max Advantage
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6115767
Last Updated: 08/21/2020
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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