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12995 N 99th Street Scottsdale, AZ 85260

4 Beds 3 Baths 2,605 sqft Built 1985

$770,000

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $295.59
  • 4 Days on Market
  • MLS # : 6197964
  • Updated Date : 02/27/2021 at 18:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,605 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Looking for a larger yard? Pool? Cul de sac? Great neighbors? Remodeled & updated? Single story? Scottsdale? Checks all the boxes! Wonderful home in a great area of N. Scottsdale, ready for the next owners.Quartz counters make the kitchen POP! Alder cabinets & soft-close hinges... real stone backsplash, & quartz window sills... Master bathroom was redone as well, with new sinks, faucets, cabinets, tub, all of it! Lots more, and the images tell the best story!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sweetwater Estates at Sweetwater Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Sweetwater Estates at Sweetwater Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
 

$693,000$847,000$770,000

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$2,675
Property Tax -$364
Property Insurance -$78
HOA -$6
Property Management Fees -$99
CASH FLOW
-$131

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.

$770,000

PROJECTED PRICE

$3,090

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 3.8%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$209,800

INVESTMENT

$209,800

Down Payment
$192,500
Rehab Estimate
$5,750
Closing Costs
$11,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $192,500
Loan Amount $577,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$33,601

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,090

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $3,067

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,8983$3,0904$3,1955$3,248
$3,248
RENT COMPS ANALYSIS
  • 12995 N 99th Street Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $3,090
    • $1.19
    •  
  • 10220 E Meadow Hill Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1994
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.09
    •  
  • 13226 N 101st Street Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 1987
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,898
    • $1.19
    •  
  • 10031 E Jenan Drive Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.20
    •  
  • 14417 N 99th Street Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 1994
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,248
    • $1.23
    •  
PROPERTY LISTING DETAILS
Patrick Harfst
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197964
Last Updated: 02/27/2021
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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