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27847 N 111th Street Scottsdale, AZ 85262

3 Beds 3 Baths 2,343 sqft Built 1997

$655,000

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $279.56
  • 3 Days on Market
  • MLS # : 6199645
  • Updated Date : 02/27/2021 at 16:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,343 sqft
  • Baths : 2 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Well maintained and perfectly sized, this Echo Ridge residence was built during Phase 2 which included an updated floor plan and boasts over 2,300 square feet of interior living space. All furnishings are available! The beautifully decorated private backyard hosts a well sized pebble finish pool with mature landscape surround, large covered patio with travertine hardscape, built-in barbecue, stacked stone accents, and direct access from the living room, master and kitchen. The large working kitchen has a center island, white cabinetry, granite counters, stainless steel appliances, dedicated pantry, built-in desk/mail center, and a built-in breakfast table.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Echo Ridge at Troon North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Echo Ridge at Troon North

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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

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

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$589,500$720,500$655,000

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$2,275
Property Tax -$306
Property Insurance -$73
HOA -$2
Property Management Fees -$99
CASH FLOW
$35

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.

$655,000

PROJECTED PRICE

$2,790

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 3.7%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$179,325

INVESTMENT

$179,325

Down Payment
$163,750
Rehab Estimate
$5,750
Closing Costs
$9,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,275

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $163,750
Loan Amount $491,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$40,640

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $3,017

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7903$2,8954$3,0005$3,850
$3,850
RENT COMPS ANALYSIS
  • 27847 N 111th Street Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.19
    •  
  • 11175 E Blue Sky Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,311 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,311 Sqft ∙ Built 1994
    LEASED 02/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.08
    •  
  • 10764 E Greythorn Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2000
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.30
    •  
  • 28873 N 111th Place Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,421 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,421 Sqft ∙ Built 1998
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.24
    •  
  • 11063 E Greythorn Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 1992
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.53
    •  
PROPERTY LISTING DETAILS
Lisa Lucky
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199645
Last Updated: 02/27/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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