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12952 E Wethersfield Road Scottsdale, AZ 85259

4 Beds 3 Baths 3,056 sqft Built 1997

$895,000

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $292.87
  • 2 Days on Market
  • MLS # : 6193822
  • Updated Date : 02/13/2021 at 17:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,056 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Wonderfully maintained home by original owners. 3 BR, 2.5 Baths (4th BR was converted to a large office) Located on a quiet cul-de-sac with terrific poolside mountain views. Excellent Golden Heritage floor plan with large Master BR, Soaring ceilings throughout all living areas. Tri-colored flagstone deck poolside. Newer SS appliances, water softner, R/O system, NuTone Central Vacuum and monitored Security System. Two new 5-ton Trane A/C units installed summer of 2020. This house is truly a treasure and is sure to go quickly. Owner is a licensed real estate agent in the state of AZ.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Scottsdale Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454655

* 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
 

$805,500$984,500$895,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$3,109
Property Tax -$513
Property Insurance -$87
HOA -$41
Property Management Fees -$99
CASH FLOW
-$498

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.

$895,000

PROJECTED PRICE

$3,350

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.0%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$242,925

INVESTMENT

$242,925

Down Payment
$223,750
Rehab Estimate
$5,750
Closing Costs
$13,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,109

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $223,750
Loan Amount $671,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$15,303

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,350

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $3,346

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,3003$3,3504$3,5005$3,800
$3,800
RENT COMPS ANALYSIS
  • 12952 E Wethersfield Road Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 3,056 Sqft ∙ Built 1997 3 beds 3 baths ∙ 3,056 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.10
    •  
  • 12653 E Laurel Lane Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 3,096 Sqft ∙ Built 1994 3 beds 3 baths ∙ 3,096 Sqft ∙ Built 1994
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.90
    •  
  • 12847 E Wethersfield Road Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,870 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,870 Sqft ∙ Built 1998
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.15
    •  
  • 12555 E Paradise Drive Scottsdale, AZ 4
    • 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
    •  
  • 12530 E Poinsettia Drive Scottsdale, AZ 5
    • 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
Dennis Spivak
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193822
Last Updated: 02/13/2021
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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