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15037 N 114th Way Scottsdale, AZ 85255

3 Beds 2 Baths 2,447 sqft Built 2003

$779,990

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $318.75
  • 5 Days on Market
  • MLS # : 6166490
  • Updated Date : 12/02/2020 at 18:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,447 sqft
  • Baths : 2 full
Listing Agent

Tct Real Estate

Listing Agent's Description

Gorgeous home in beautiful Cimarron Hills. Upgrades galore: 20'' travertine tile, carpeted living areas, slab granite counters, alder cabinets, upgraded appliances, GAS cooktop, wine fridge, gas Cantera fireplace, travertine showers, slab marble baths, custom built-ins, custom paint, custom closets, Cul-de-sac lot with wash behind and city lights views in front. Resort backyard with covered patio, built-in BBQ, gas fire pit and flagstone surrounded pebble-tec play pool with water feature. Guard gated community, private and quiet. Award winning community center with sweeping valley views, negative edge pool, spa, fitness center and tennis courts. Close to Desert Canyon, library, parks and more. Minutes to Ice Den, 101 loop...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: McDowell Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k646k

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

Neighborhood: McDowell Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Desert Canyon Elementary School Primary Regular 503 25 10
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Desert Canyon Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 25
10
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
 

$701,991$857,989$779,990

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$2,878
Property Tax -$509
Property Insurance -$75
HOA -$170
Property Management Fees -$99
CASH FLOW
-$561

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$779,990

PROJECTED PRICE

$3,170

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

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$212,447

INVESTMENT

$212,447

Down Payment
$194,998
Rehab Estimate
$5,750
Closing Costs
$11,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $194,998
Loan Amount $584,993
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$10,860

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $3,212

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,1703$3,5004$3,6005$3,600
$3,600
RENT COMPS ANALYSIS
  • 15037 N 114th Way Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,447 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,447 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $1.30
    •  
  • 10466 E Texas Sage Lane Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1998
    property image
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.31
    •  
  • 11004 E Betony Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,720 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,720 Sqft ∙ Built 1998
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.29
    •  
  • 11327 E Beck Lane Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2000
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.29
    •  
  • 10690 E Raintree Drive Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,647 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,647 Sqft ∙ Built 1998
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.36
    •  
PROPERTY LISTING DETAILS
Todd Ruzylo
Tct Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166490
Last Updated: 12/02/2020
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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