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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $268.47
- 5 Days on Market
- MLS # : 6164961
- Updated Date : 11/25/2020 at 17:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,862 sqft
- Baths : 2 full , 1 half
Listing Agent
Canam Realty Group
Listing Agent's Description
Welcome Home!!! This Beautiful 2 story home located in the popular Aviara subdivision is in a great location. Close to Restaurants, Shopping, Hospitals, Golf Courses, Community Pool, and easy access to the 101 Freeway. This home has a lot to offer with an open concept floor plan. Large Kitchen with lots of cabinet storage space, Stainless Steel Appliances, and Corian counter tops. This home also offers Newly Painted Exterior (Nov 2020), fire sprinklers, 2'' blinds, upgraded ceiling fans, and wood shutters in the Master Suite. The Master bathroom has a Dual Vanity, Walk in Closet, shower and soaking tub. Your backyard offers low maintenance landscaping, paver pathways, and a screened in porch to keep those pesky bugs at bay. This home is a MUST SEE!!!
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PRICE & RENT TRENDS
Neighborhood: Aviara
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Aviara
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,450 |
| EXPENSES | Loan Payment | -$1,844 |
| Property Tax | -$234 | |
| Property Insurance | -$63 | |
| HOA | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$134
|
||
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.
$499,900
PROJECTED PRICE
$2,450
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$138,224
LOAN DETAILS
$1,844
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
7
YEARS SAVED
$49,276
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,450
LIST RENT -
$1.32
LIST RENT PER SQFT
-
$2,444
COMP ESTIMATED VALUE -
$1.31
COMP AVG. RENT PER SQFT
Comps Range
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10043 E Sheena Drive Scottsdale, AZ 4
- 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $2,450
- $1.32
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14203 N 101st Street Scottsdale, AZ 1
- 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1987
LEASED 03/16/20- Rent
- Rent Per SQFT
- $2,295
- $1.23
-
10137 E Conieson Road Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1994
LEASED 04/04/20- Rent
- Rent Per SQFT
- $2,450
- $1.30
-
13895 N 102nd Street Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1994
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,450
- $1.30
-
10091 E Gray Road Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1992
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,500
- $1.42
PROPERTY LISTING DETAILS
Canam Realty Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164961
Last Updated: 11/25/2020
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.
