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9155 N 117th Way Scottsdale, AZ 85259

4 Beds 3 Baths 2,752 sqft Built 1993

$785,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $285.25
  • 4 Days on Market
  • MLS # : 6192115
  • Updated Date : 02/14/2021 at 01:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,752 sqft
  • Baths : 2 full , 1 half
Listing Agent

Azarchitecture/jarson & Jarson

Listing Agent's Description

This beautiful home is located in the Stonegate Community. Meticulously maintained, this home features an abundance of windows, allowing natural light from every direction. The flow of the floor plan has elegant living/dining & casual entertaining family rm w/ fireplace. Open concept kitchen features a large island, granite counters, eat-in area, lots of storage w/ pull out drawers, R/O system & soft water. This pristine, single story split plan, has a roomy master suite, spa tub, dual vanities, walk-in closet & access to the patio & pool. There are 3 additional bedrms, powder rm, guest bath & wood shutters throughout. Community features 24 hr security at the gate, 7 tennis courts, Olympic-sized pool & spa, clubhouse, playgrd, basketball & pickleball crts. Do not miss out on this home!

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
 

$706,500$863,500$785,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,727
Property Tax -$367
Property Insurance -$81
HOA -$200
Property Management Fees -$99
CASH FLOW
-$584

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.

$785,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.37%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$213,775

INVESTMENT

$213,775

Down Payment
$196,250
Rehab Estimate
$5,750
Closing Costs
$11,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,727

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $196,250
Loan Amount $588,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$7,477

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $3,034

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,8903$2,9954$3,2005$3,250
$3,250
RENT COMPS ANALYSIS
  • 9155 N 117th Way Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.05
    •  
  • 12017 E Mission Lane E Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,480 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,480 Sqft ∙ Built 1996
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.03
    •  
  • 11849 E Bella Vista Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1994
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.09
    •  
  • 11653 E Sorrel Lane Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,883 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,883 Sqft ∙ Built 1994
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.11
    •  
  • 11836 E Bella Vista Drive Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,752 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,752 Sqft ∙ Built 1992
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.18
    •  
PROPERTY LISTING DETAILS
Peggy Murphy
Azarchitecture/jarson & Jarson
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192115
Last Updated: 02/14/2021
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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