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13042 N 116th Street Scottsdale, AZ 85259

5 Beds 6 Baths 5,446 sqft Built 1999

$1,775,000

List Price

$6,150

$5.9K - $6.4K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $325.93
  • 2 Days on Market
  • MLS # : 6165527
  • Updated Date : 11/28/2020 at 12:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 5,446 sqft
  • Baths : 5 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Dazzling unobstructed views of Camelback Mtn & a huge swath of sparkling city lights will WOW you as you enter into this beautiful estate. The well-thought-out floor plan provides single level living on the main floor with massive Owner's Suite, Office, 3 ensuite bedrooms, Library, Formal Dining, Family Room, Kitchen & Laundry. Lower level offers spacious Game Room, a 4th ensuite bedroom w/private exit, kitchenette & large storeroom. Step outside to the heated pool & spa, built-in gas BBQ & kiva fireplace on the main level & the putting/chipping greens on lower level. The roomy 3 car garage offers built-in cabinetry and smooth epoxy floor. Freshly painted inside & out, this versatile home will easily accommodate a variety of buyers!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ancala West

NeighborhoodNIR Market*CityMarket2010Year20002019200k400k600k800k1000k1200k1400k1600kPrice in $122k1652k

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

Neighborhood: Ancala West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000550060006500Rent in $10456716

* 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
 

$1,597,500$1,952,500$1,775,000

PURCHASE PRICE

$5,535$6,765$6,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,150
EXPENSES Loan Payment -$6,549
Property Tax -$830
Property Insurance -$133
HOA -$52
Property Management Fees -$99
CASH FLOW
-$1,513

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.

$1,775,000

PROJECTED PRICE

$6,150

PROJECTED RENT

0.35%

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$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$476,125

INVESTMENT

$476,125

Down Payment
$443,750
Rehab Estimate
$5,750
Closing Costs
$26,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $443,750
Loan Amount $1,331,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$17,395

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $5,337

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,400
$5,400
RENT COMPS ANALYSIS
  • 13042 N 116th Street Scottsdale, AZ 1
    • 5 beds 6 baths ∙ 5,446 Sqft ∙ Built 1999 5 beds 6 baths ∙ 5,446 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10475 E Laurel Lane Scottsdale, AZ 2
    • 6 beds 5 baths ∙ 5,522 Sqft ∙ Built 1996 6 beds 5 baths ∙ 5,522 Sqft ∙ Built 1996
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,400
    • $0.98
    •  
PROPERTY LISTING DETAILS
Gabi Becker
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165527
Last Updated: 11/28/2020
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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