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13688 N 96th Place Scottsdale, AZ 85260

5 Beds 4 Baths 3,243 sqft Built 1994

$775,000

List Price

$3,440

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $238.98
  • 5 Days on Market
  • MLS # : 6169611
  • Updated Date : 12/22/2020 at 19:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,243 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

PACK YOUR BAGS AND LOAD THE TRUCK! This 5-bedroom home is MOVE IN READY! Located in the heart of Scottsdale, discover your ideal home in desirable Camelot Ranch. Recently updated with fresh paint and new tile, this carefully maintained home offers an abundance of space for enjoying Scottsdale's lifestyle to the fullest! The lush front yard welcomes you as you walk the stone path toward the dramatic front door. Step in and be greeted by soaring ceilings and light filled spaces. The large living and dining room flows effortlessly on large format tile to the kitchen and great room featuring a gas fireplace. The expansive gourmet kitchen boasts white cabinets, granite countertops, and stainless-steel appliances including a chef's quality 5 burner gas range.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelot Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Camelot 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
 

$697,500$852,500$775,000

PURCHASE PRICE

$3,096$3,784$3,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,440
EXPENSES Loan Payment -$2,859
Property Tax -$362
Property Insurance -$90
HOA -$20
Property Management Fees -$99
CASH FLOW
$9

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.

$775,000

PROJECTED PRICE

$3,440

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.2%
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$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$55,090

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
  • $3,397

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,0004$3,2005$3,800
$3,800
RENT COMPS ANALYSIS
  • 13688 N 96th Place Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 3,243 Sqft ∙ Built 1994 5 beds 4 baths ∙ 3,243 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9739 E Sheena Drive Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 2,955 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,955 Sqft ∙ Built 1996
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.96
    •  
  • 9378 E Davenport Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 1996
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.02
    •  
  • 13080 N 102nd Place Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,139 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,139 Sqft ∙ Built 1987
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.02
    •  
  • 9669 E Davenport Drive Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 3,206 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,206 Sqft ∙ Built 1994
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.19
    •  
PROPERTY LISTING DETAILS
Nicole Bernstein
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169611
Last Updated: 12/22/2020
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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