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28812 N 141st Street Scottsdale, AZ 85262

5 Beds 5 Baths 3,646 sqft Built 2005

$1,200,000

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $329.13
  • 5 Days on Market
  • MLS # : 6140801
  • Updated Date : 10/30/2020 at 16:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,646 sqft
  • Baths : 5 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Welcome to the Wide Open Spaces Country Lifestyle you have been looking for, accentuated by unobstructed Mountain Views! With location an essential, this 5-acre property 1/8 mile north of Rio Verde Dr, is close to shopping and services. The exquisite 3646 sq ft Craftsman style home, enclosed in new fencing, stands in its grandeur overlooking the ranch - a Spacious Home where you can entertain your family and friends. The open kitchen boasts of WOLF and SUB-ZERO appliances, with Custom Cabinets by Affinity Kitchens, Restoration Hardware Crystal Knobs, Bronze Pulls, and an Oak Butcher Block Island. The home is appointed with Custom Window and Door Trim throughout, Maple Floors, 8-foot doors, and Limestone counters. A 768 sq ft guest suite, or income producing rental, is over the garage.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85262

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k858k

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

Zip Code: 85262

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453760

* 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
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$4,427
Property Tax -$394
Property Insurance -$98
Property Management Fees -$99
CASH FLOW
-$1,438

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.

$1,200,000

PROJECTED PRICE

$3,580

PROJECTED RENT

0.30%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

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$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$2,308

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,580

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $3,901

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$3,580
1$3,5802$3,9003$4,000
$4,000
RENT COMPS ANALYSIS
  • 28812 N 141st Street Scottsdale, AZ 1
    • 5 beds 5 baths ∙ 3,646 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,646 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,580
    • $0.98
    •  
  • 14136 E Gloria Lane Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,578 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,578 Sqft ∙ Built 2003
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.09
    •  
  • 27115 N 137th Street Scottsdale, AZ 3
    • 5 beds 4 baths ∙ 3,812 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,812 Sqft ∙ Built 2006
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.05
    •  
PROPERTY LISTING DETAILS
Denise Dunning-ricketts
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6140801
Last Updated: 10/30/2020
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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