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12731 N 114th Way Scottsdale, AZ 85259

3 Beds 3 Baths 2,967 sqft Built 1998

$995,000

List Price

$3,840

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $335.36
  • 8 Days on Market
  • MLS # : 6181627
  • Updated Date : 02/20/2021 at 15:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,967 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

First impressions are EVERYTHING! As you enter this gorgeous Ancala West home, you will be ''WOW'd'' by the lush backyard landscaping w/ built in BBQ and pebble tech play pool overlooking the 6th/7th hole at Ancala Country Club. This home offers a 3 full bedrooms w/ 2.5 baths + an office with built in desk and bookcases that can easily be used as a 4th bedroom. The chef's kitchen comes with stainless-steel appliances, a built in microwave/oven combo, and a hanging pot/pan rack above the gas cooking island for easy entertaining while cooking. Kitchen also includes a built-in desk with a wall of cabinets for storage. Owner's Suite is located opposite the main kitchen/living area, office and guest rooms for complete privacy.

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
 

$895,500$1,094,500$995,000

PURCHASE PRICE

$3,456$4,224$3,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,840
EXPENSES Loan Payment -$3,456
Property Tax -$483
Property Insurance -$85
HOA -$11
Property Management Fees -$99
CASH FLOW
-$294

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.

$995,000

PROJECTED PRICE

$3,840

PROJECTED RENT

0.39%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,456

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$34,370

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,840

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $3,382

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,5003$3,5004$3,8005$3,840
$3,840
RENT COMPS ANALYSIS
  • 12731 N 114th Way Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,967 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,967 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $3,840
    • $1.29
    •  
  • 12210 E Desert Cove Avenue Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1991
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.05
    •  
  • 12555 E Paradise Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 3,186 Sqft ∙ Built 1994 3 beds 3 baths ∙ 3,186 Sqft ∙ Built 1994
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.10
    •  
  • 11434 E Sweetwater Avenue Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,967 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,967 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.18
    •  
  • 12530 E Poinsettia Drive Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 3,096 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,096 Sqft ∙ Built 1996
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.23
    •  
PROPERTY LISTING DETAILS
Carol Murray
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181627
Last Updated: 02/20/2021
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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