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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $406.48
- 2 Days on Market
- MLS # : 6176445
- Updated Date : 01/03/2021 at 05:51
CONSTRUCTION
- Beds : 4
- Floor Size : 3,936 sqft
- Baths : 3 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Just Remodeled Home in one of the most Premier Golf Communities in No. Scottsdale! **4 Bedroom 3.5 Baths** Unparalleled Desert Highland's Exclusive Lifestyle Amenities Include: Jack Nicklaus Signature Golf Course, 13 Tennis Courts & 2 Pickle ball Courts, State of the Art Fitness Center & Heated Pool** Exclusive Private Member Clubhouse w/Indoor-Outdoor Dining overlooks stunning City Lights views**Year-Round Social Events Calendar**Single level home just Entirely Renovated with unsurpassed detail of every Interior & Exterior space! 3 Bedrooms each with their own Fabulous Baths + Powder Room** Great Room w/ soaring 18 foot Barrel Ceiling**Spacious Modern Kitchen w/Professional Gas Range & Wine Room** Move-in Ready! Don't miss this once in a lifetime opportunity to own this exquisite home.
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PRICE & RENT TRENDS
Neighborhood: Desert Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $8,310 |
| EXPENSES | Loan Payment | -$5,903 |
| Property Tax | -$747 | |
| Property Insurance | -$104 | |
| HOA | -$1,395 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$62
|
||
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.
$1,599,900
PROJECTED PRICE
$8,310
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 5.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$429,724
LOAN DETAILS
$5,903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $399,975 |
| Loan Amount | $1,199,925 |
5
YEARS SAVED
$97,306
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$8,310
LIST RENT -
$2.11
LIST RENT PER SQFT
-
$4,831
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
10040 E Happy Valley #330 Road Scottsdale, AZ 5
- 4 beds 4 baths ∙ 3,936 Sqft ∙ Built 1988 4 beds 4 baths ∙ 3,936 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $8,310
- $2.11
-
24809 N 84th Street Scottsdale, AZ 1
- 5 beds 4 baths ∙ 4,008 Sqft ∙ Built 1996 5 beds 4 baths ∙ 4,008 Sqft ∙ Built 1996
LEASED 12/07/19- Rent
- Rent Per SQFT
- $4,500
- $1.12
-
26340 N 82nd Street Scottsdale, AZ 2
- 4 beds 3 baths ∙ 3,596 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,596 Sqft ∙ Built 1988
LEASED 03/01/20- Rent
- Rent Per SQFT
- $4,700
- $1.31
-
8943 E Calle Del Palo Verde -- Scottsdale, AZ 3
- 5 beds 3 baths ∙ 3,986 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,986 Sqft ∙ Built 1997
LEASED 01/10/20- Rent
- Rent Per SQFT
- $5,000
- $1.25
-
7895 E Softwind Drive Scottsdale, AZ 4
- 5 beds 4 baths ∙ 4,278 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,278 Sqft ∙ Built 2001
LEASED 05/01/20- Rent
- Rent Per SQFT
- $5,250
- $1.23
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176445
Last Updated: 01/03/2021
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.
