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28019 N 115th Place Scottsdale, AZ 85262

4 Beds 4 Baths 3,156 sqft Built 2002

$875,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $277.25
  • 2 Days on Market
  • MLS # : 6155015
  • Updated Date : 11/02/2020 at 07:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,156 sqft
  • Baths : 3 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Look no further! You've found the home you longed for! Located in highly sought after North Scottsdale, this luxurious 4 bed, 3.5 bath property boasts a charming facade, desert landscaping, 3 car garage, and much more! Inside you will find formal dining and living areas, a den, ideal for an office or additional bedroom. The fabulous kitchen is a chef's dream come true, with its ample cabinetry, pantry, granite countertops, stainless steel appliances including a double wall oven, and island with breakfast bar. The grandiose master bedroom features a private bath with double sinks and a spacious walk-in closet for all your belongings. Stunning backyard includes a covered patio, grassy area, an outdoor fireplace, and built-in BBQ perfect for an anytime of the year cookout!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Desert Vista

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
 

$787,500$962,500$875,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$3,228
Property Tax -$411
Property Insurance -$89
HOA -$15
Property Management Fees -$99
CASH FLOW
-$683

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.

$875,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.36%

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$11,284

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,160

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $3,314

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8953$3,1604$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 28019 N 115th Place Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 3,156 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,156 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,160
    • $1.00
    •  
  • 11408 E Running Deer Trail Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,992 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,992 Sqft ∙ Built 2002
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.90
    •  
  • 11146 E Running Deer Trail Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 1991
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.02
    •  
  • 11239 E Oberlin Way Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 1994
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.20
    •  
  • 27892 N 108th Way Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 3,233 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,233 Sqft ∙ Built 1998
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.08
    •  
PROPERTY LISTING DETAILS
Carrie Mellon
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155015
Last Updated: 11/02/2020
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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