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12708 N 114th Way Scottsdale, AZ 85259

4 Beds 2 Baths 2,560 sqft Built 1998

$888,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $346.88
  • 2 Days on Market
  • MLS # : 6206875
  • Updated Date : 03/21/2021 at 06:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,560 sqft
  • Baths : 2 full
Listing Agent

Kiva Fine Properties

Listing Agent's Description

Welcome to the highly sought after Ancala West Estates neighborhood. Abutting beautiful Frank Lloyd Wright's Taliesen property and nestled at the foothills of the McDowell Mountains, this gated community is a hidden, gem. Charming home is located on a private cul de sac lot with great curb appeal including a stone covered facade. Granite countertops were added in 2019. Open House'' Saturday March 20th 1-4PMShowings by appointment through Showing Time Sunday March 21st 1-4PM

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ancala West by Maracay

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Ancala West by Maracay

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454690

* 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
 

$799,200$976,800$888,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$3,084
Property Tax -$415
Property Insurance -$77
HOA -$11
Property Management Fees -$99
CASH FLOW
-$637

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.

$888,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.8%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$241,070

INVESTMENT

$241,070

Down Payment
$222,000
Rehab Estimate
$5,750
Closing Costs
$13,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $222,000
Loan Amount $666,000
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$9,987

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $3,021

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7003$2,9004$3,0505$3,200
$3,200
RENT COMPS ANALYSIS
  • 12708 N 114th Way Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.19
    •  
  • 11212 E Laurel Lane Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1987
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.02
    •  
  • 12329 E Altadena Avenue Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 1994
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.19
    •  
  • 11961 N 112th Street Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,298 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,298 Sqft ∙ Built 1987
    property image
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.26
    •  
  • 11889 N 113th Place Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1988
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.25
    •  
PROPERTY LISTING DETAILS
Janis B Jones
Kiva Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206875
Last Updated: 03/21/2021
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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