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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $274.52
- 4 Days on Market
- MLS # : 6154745
- Updated Date : 11/25/2020 at 20:11
CONSTRUCTION
- Beds : 4
- Floor Size : 2,677 sqft
- Baths : 3 full
Listing Agent
Keller Williams Arizona Realty
Listing Agent's Description
BLACK FRIDAY PROMOTION!! Use the coupon attached when placing an offer on this property to receive $10,000 off the listed price!! AMAZING, lush curb appeal!!!!! RECENTLY REMODELED 4 bedroom, 3 bath on a cul-de-sac lot in the highly sought after Scottsdale Ranch subdivision IS A MUST SEE! An inviting courtyard with water feature welcomes you home. Two-story windows and soaring ceilings greet you as your enter this remodeled home. A separate living room and dining room gives you plenty of room for the family to spread-out. Updated chef's kitchen features Quartz countertops, kitchen island with breakfast bar for additional seating, stainless steel appliances, tile backsplash, refinished cabinets and opens up to a breakfast room. All 3 bathrooms have been
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PRICE & RENT TRENDS
Neighborhood: Scottsdale Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Scottsdale Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,360 |
| EXPENSES | Loan Payment | -$2,711 |
| Property Tax | -$344 | |
| Property Insurance | -$79 | |
| HOA | -$3 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$124
|
||
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.
$734,900
PROJECTED PRICE
$3,360
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.0% |
| 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
$200,499
LOAN DETAILS
$2,711
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $183,725 |
| Loan Amount | $551,175 |
6.5
YEARS SAVED
$66,564
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
-
$3,554
COMP ESTIMATED VALUE -
$1.33
COMP AVG. RENT PER SQFT
Comps Range
-
10187 E San Salvador Drive Scottsdale, AZ 1
- 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $0
- $0.00
-
10853 E Palomino Road Scottsdale, AZ 2
- 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1987
LEASED 09/18/20- Rent
- Rent Per SQFT
- $3,200
- $1.30
-
10333 E Caron Street Scottsdale, AZ 3
- 3 beds 2 baths ∙ 2,358 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,358 Sqft ∙ Built 1986
LEASED 11/01/19- Rent
- Rent Per SQFT
- $3,350
- $1.42
-
9135 N 106th Place Scottsdale, AZ 4
- 3 beds 4 baths ∙ 2,924 Sqft ∙ Built 1988 3 beds 4 baths ∙ 2,924 Sqft ∙ Built 1988
LEASED 10/01/19- Rent
- Rent Per SQFT
- $3,400
- $1.16
-
9816 E Cinnabar Avenue Scottsdale, AZ 5
- 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985
LEASED 09/11/20- Rent
- Rent Per SQFT
- $3,800
- $1.43
PROPERTY LISTING DETAILS
Keller Williams Arizona Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6154745
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.
