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25720 N 115th Place Scottsdale, AZ 85255

3 Beds 3 Baths 3,017 sqft Built 1996

$950,000

List Price

$3,740

$3.5K - $4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $314.88
  • 5 Days on Market
  • MLS # : 6152582
  • Updated Date : 10/31/2020 at 19:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,017 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Absolutely gorgeous single story home with breathtaking mountain and bolder views located on an ideal corner lot. Gourmet eat-in kitchen incorporates gas cooktop, center island with breakfast bar, granite counters, stainless appliances, and a backsplash. Open family room has tons of natural light, a charming fireplace, and a built-in entertainment center. The master suite has a private patio exit, a walk-in closet, and a full bath with dual sinks and a separate tub and frameless walk-in shower. The resort style backyard is one-of-a-kind! Enjoy the extended paver patio with tons of seating space, built-in BBQ area, fireplace with seating, wrought iron view fence, and a heated spa and pool with water feature for year-round fun!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Troon Village

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k858k

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

Neighborhood: Troon Village

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
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
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,366$4,114$3,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,740
EXPENSES Loan Payment -$3,505
Property Tax -$444
Property Insurance -$83
HOA -$4
Property Management Fees -$99
CASH FLOW
-$395

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.

$950,000

PROJECTED PRICE

$3,740

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.3%
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

PROJECTED ANNUAL CASH FLOW

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

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$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$33,351

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,740

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $3,783

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,4503$3,7404$3,9905$4,200
$4,200
RENT COMPS ANALYSIS
  • 25720 N 115th Place Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,882 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,882 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,740
    • $1.30
    •  
  • 27000 N Alma School Parkway #2004 Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2014
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.29
    •  
  • 24538 N 116th Street Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,887 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,887 Sqft ∙ Built 1994
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.20
    •  
  • 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
    property image
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,990
    • $1.29
    •  
  • 24955 N 114th Place Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 2001
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.47
    •  
PROPERTY LISTING DETAILS
Jeffrey M Sibbach
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152582
Last Updated: 10/31/2020
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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