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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $412.29
- 7 Days on Market
- MLS # : 6188303
- Updated Date : 02/06/2021 at 14:58
CONSTRUCTION
- Beds : 3
- Floor Size : 3,335 sqft
- Baths : 3 full
Listing Agent
Realty One Group
Listing Agent's Description
Enjoy the ''Resort Lifestyle'' in this lovely home on 5 miles of Lake Serena lakefront. This home boasts an abundance of natural light w/ floor to ceiling windows. Meticulously maintained with 3 spacious bedrooms upstairs w/office/den down which could be a fourth bedroom and full bath. Chef's kitchen w/double ovens, wine chiller, Sub Zero refrig., 8 burner natural gas cooktop. Electronic sun shades inside and out and large overhead heater on patio for the cooler evenings. Exceptional outdoor living with mood lighting, fabulous infinity pool area, deluxe BBQ for the chef, and enjoy happy hour touring Lake Serena with your own private boat dock. Beautiful front courtyard greets guests - enjoy AZ outdoor living! ONE NOT TO BE MISSED!
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PRICE & RENT TRENDS
Neighborhood: Landings at Scottsdale Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Landings at Scottsdale Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,440 |
| EXPENSES | Loan Payment | -$4,776 |
| Property Tax | -$643 | |
| Property Insurance | -$92 | |
| HOA | -$95 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,265
|
||
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.
$1,375,000
PROJECTED PRICE
$4,440
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 3.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$370,125
LOAN DETAILS
$4,776
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $343,750 |
| Loan Amount | $1,031,250 |
1.25
YEARS SAVED
$8,180
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,661
COMP ESTIMATED VALUE -
$1.4
COMP AVG. RENT PER SQFT
Comps Range
-
10187 E Bayview Drive Scottsdale, AZ 1
- 3 beds 3 baths ∙ 3,335 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,335 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $0
- $0.00
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10420 N 101st Place Scottsdale, AZ 2
- 3 beds 3 baths ∙ 3,036 Sqft ∙ Built 1989 3 beds 3 baths ∙ 3,036 Sqft ∙ Built 1989
LEASED 09/01/20- Rent
- Rent Per SQFT
- $4,090
- $1.35
-
10109 E Topaz Drive Scottsdale, AZ 3
- 3 beds 4 baths ∙ 3,436 Sqft ∙ Built 1985 3 beds 4 baths ∙ 3,436 Sqft ∙ Built 1985
LEASED 11/26/19- Rent
- Rent Per SQFT
- $4,500
- $1.31
-
9943 E Island Circle Scottsdale, AZ 4
- 4 beds 4 baths ∙ 3,535 Sqft ∙ Built 1986 4 beds 4 baths ∙ 3,535 Sqft ∙ Built 1986
LEASED 10/01/20- Rent
- Rent Per SQFT
- $4,850
- $1.37
-
10207 N 98th Place Scottsdale, AZ 5
- 4 beds 3 baths ∙ 3,196 Sqft ∙ Built 1982 4 beds 3 baths ∙ 3,196 Sqft ∙ Built 1982
LEASED 07/19/20- Rent
- Rent Per SQFT
- $5,000
- $1.56
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6188303
Last Updated: 02/06/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
