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24034 N 112th Way Scottsdale, AZ 85255

3 Beds 3 Baths 3,207 sqft Built 1993

$995,000

List Price

$4,520

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $310.26
  • 2 Days on Market
  • MLS # : 6176431
  • Updated Date : 01/02/2021 at 19:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,207 sqft
  • Baths : 2 full , 1 half
Listing Agent

Trelora Realty

Listing Agent's Description

Do not miss your opportunity to see this beautiful 3 bedroom 2.5 bath home in North Scottsdale! You can't go wrong with these beautiful mountain views. Located in Troon Ridge Estates, this home has a nice feel of being away from the city while still being close enough for everything you need. When you walk through the front door you will see a gorgeous open concept living area with breath taking views out the back windows. You won't be disappointed with the spacious kitchen and bedrooms. With everything this home has to offer, don't wait. Schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Troon Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $122k1120k

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

Neighborhood: Troon Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454976

* 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 Sun Elementary School Primary Regular 416 22 6
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Desert Sun Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 22
6
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$895,500$1,094,500$995,000

PURCHASE PRICE

$4,068$4,972$4,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,520
EXPENSES Loan Payment -$3,671
Property Tax -$465
Property Insurance -$90
HOA -$4
Property Management Fees -$99
CASH FLOW
$191

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.

$995,000

PROJECTED PRICE

$4,520

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 3.9%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,671

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$90,295

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
  • $3,993

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$3,9004$3,9905$4,200
$4,200
RENT COMPS ANALYSIS
  • 24034 N 112th Way Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 3,207 Sqft ∙ Built 1993 3 beds 3 baths ∙ 3,207 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11015 E Desert Vista Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 3,067 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,067 Sqft ∙ Built 1996
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.24
    •  
  • 11847 E Chama Road Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,305 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,305 Sqft ∙ Built 1992
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.18
    •  
  • 11669 E Parkview Lane Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 3,094 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,094 Sqft ∙ Built 1996
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,990
    • $1.29
    •  
  • 24764 N 117th Street Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 3,305 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,305 Sqft ∙ Built 1992
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.27
    •  
PROPERTY LISTING DETAILS
Roderick D Ward
Trelora Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176431
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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