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9602 N 118th Place Scottsdale, AZ 85259

3 Beds 3 Baths 2,077 sqft Built 1993

$560,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $269.62
  • 4 Days on Market
  • MLS # : 6174346
  • Updated Date : 12/24/2020 at 20:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,077 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful Saddleback home - corner location within walking distance of community pool. Popular split floor plan - open, airy & livable with 3 bedrooms 2.5 baths with an expanded garage and storage. Generous master suite with glass walk-in shower, tub and double vanity. Large walk-in closet certain to make anyone happy! A/C replaced in 2016 and home has been well loved and maintained. Enjoy spacious ''green'' yard with lemon tree and fountain. Community amenities include guard gate, expansive clubhouse, 7 lighted tennis courts, Olympic size heated pool, spa, pickle ball, social clubs, walking paths, play area. Minutes from shopping, restaurants, golf & more.

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
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,066
Property Tax -$262
Property Insurance -$68
HOA -$198
Property Management Fees -$99
CASH FLOW
$447

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.

$560,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.56%

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$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$88,518

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
  • $3,240

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$3,500
$3,500
RENT COMPS ANALYSIS
  • 9602 N 118th Place Scottsdale, AZ 1
    • 2 beds 3 baths ∙ 2,077 Sqft ∙ Built 1993 2 beds 3 baths ∙ 2,077 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9424 N 105th Street Scottsdale, AZ 2
    • 2 beds 3 baths ∙ 2,187 Sqft ∙ Built 1987 2 beds 3 baths ∙ 2,187 Sqft ∙ Built 1987
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.10
    •  
  • 9438 N 115th Street Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,733 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,733 Sqft ∙ Built 1993
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.02
    •  
PROPERTY LISTING DETAILS
Patricia Collins
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174346
Last Updated: 12/24/2020
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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