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9104 N 115th Place Scottsdale, AZ 85259

3 Beds 2 Baths 2,241 sqft Built 1991

$630,000

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $281.12
  • 2 Days on Market
  • MLS # : 6168143
  • Updated Date : 12/05/2020 at 16:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,241 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Charming single level home backing to a beautiful expansive desert wash for privacy. With loads of natural lights this,split floor plan, has 3 bedrooms & 2 bathrooms.Featuring Hardwood flooring t/o. Two areas for entertaining - Living Room and Family Room plus Dining Area.The kitchen has loads of counter space, large pantry and breakfast nook.Two Guest bedrooms, one with built -in Murphy bed and desk.Updated guest bathroom with tile surround and walk in shower.Master Retreat hosts 2 spacious closets plus private walk out.Master Bath with large jetted soaking tub, separate shower. Easy care backyard with in ground spa. Stonegate offers activities and has outstanding year round pool/spa,7 tennis courts,2 pickleballcourts,playground,basketball,clubhouse &walking trails.24 hour guard gate!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stonegate

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k680k

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

Neighborhood: Stonegate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453357

* 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
Laguna Elementary School Primary Regular 546 29 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Laguna Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 29
9
GreatSchools Rating

Mountainside Middle School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 36
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$567,000$693,000$630,000

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$2,324
Property Tax -$295
Property Insurance -$71
HOA -$198
Property Management Fees -$99
CASH FLOW
$123

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$630,000

PROJECTED PRICE

$3,110

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$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$172,700

INVESTMENT

$172,700

Down Payment
$157,500
Rehab Estimate
$5,750
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,500
Loan Amount $472,500
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$55,314

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
  • $3,115

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,0004$3,2505$3,500
$3,500
RENT COMPS ANALYSIS
  • 9104 N 115th Place Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,241 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,241 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11657 E Carol Avenue Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,480 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,480 Sqft ∙ Built 1994
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.21
    •  
  • 9663 N 117th Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,480 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,480 Sqft ∙ Built 1994
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.21
    •  
  • 9048 N 115th Place Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,241 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,241 Sqft ∙ Built 1991
    property image
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.45
    •  
  • 9690 N 118th Place Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,077 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,077 Sqft ∙ Built 1994
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.69
    •  
PROPERTY LISTING DETAILS
Jodi Geiger
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168143
Last Updated: 12/05/2020
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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