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11502 N 88th Place 
Scottsdale, AZ
85260
3 Beds 2 Baths 1,369 sqft
Built 1982
INVESTimate
$405,900
List Price
$113,314
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PROPERTY INFO
FACTS
- Built In 1982
- Price/Sqft : $296.49
- 2 Days on Market
- MLS # : 6108671
- Updated Date : 08/25/2020 at 09:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,369 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Beautiful new kitchen, all new flooring - LVT everywhere except for carpeting in the bedrooms in this freshly updated home with a pool on a great cul de sac lot, located in a convenient Scottsdale neighborhood Open floor plan that is light and bright with vaulted ceilings. Looking for a home that's close to great Scottsdale schools including BASIS, Great Hearts Academy, Desert Mountain, Chaparral - This is it! Looking for a lock and leave home - Look no further! Looking for a convenient location close to restaurants, shopping, Honor Health, Mayo Clinic - Absolutely! Looking for a home that has been updated, in a great location and AFFORDABLE - YES! YES! Yes!
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PRICE & RENT TRENDS
Neighborhood: Scottsdale Vista West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Scottsdale Vista West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,080 |
| EXPENSES | Loan Payment | -$1,498 |
| Property Tax | -$192 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$238
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$405,900
PROJECTED PRICE
$2,080
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 3.82% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$113,314
LOAN DETAILS
$1,498
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $101,475 |
| Loan Amount | $304,425 |
9.08
YEARS SAVED
$58,467
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$1.52
LIST RENT PER SQFT
-
$2,071
COMP ESTIMATED VALUE -
$1.51
COMP AVG. RENT PER SQFT
Comps Range
-
11502 N 88th Place Scottsdale, 3
- 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1982
![property image]()
- Rent
- Rent Per SQFT
- $2,080
- $1.52
-
8874 E Gail Road Scottsdale, 1
- 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1998
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,900
- $1.45
-
11663 N 91st Way Scottsdale, 2
- 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1986
![property image]()
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,900
- $1.56
-
8949 E Shangri La Road Scottsdale, 4
- 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1997
![property image]()
LEASED 06/26/20- Rent
- Rent Per SQFT
- $2,099
- $1.38
-
9025 E Cortez Street Scottsdale, 5
- 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1985
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,500
- $1.66
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6108671
Last Updated: 08/25/2020
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.
