Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $276.70
- 4 Days on Market
- MLS # : 6159985
- Updated Date : 11/21/2020 at 08:05
CONSTRUCTION
- Beds : 4
- Floor Size : 3,614 sqft
- Baths : 3 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Your Paradise on Paradise. Located in Scottsdale's desirable Cactus Corridor. Situated on an over-sized private corner lot in Rosalee Ranch. This amazing opportunity awaits the right buyer looking to customize their perfect dream home. Set back from the road for ultimate privacy & tranquility. Enter into sweeping vaulted ceilings with exposed beams & a double-sided fireplace to enjoy Arizona's cool winter nights. A spacious master suite right located steps to the pool & spa. A backyard oasis awaits with an amazing patio and ample space to create the customized space you have dreamed of. Let your dreams & creativity wild & come share in the vision of what your next luxury Scottsdale home can be. You will be disappointed if you let this one slip away, schedule your showing today.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Rosalee Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rosalee Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,260 |
| EXPENSES | Loan Payment | -$3,690 |
| Property Tax | -$507 | |
| Property Insurance | -$98 | |
| HOA | -$3 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$136
|
||
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.
$1,000,000
PROJECTED PRICE
$4,260
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$270,750
LOAN DETAILS
$3,690
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $250,000 |
| Loan Amount | $750,000 |
4.92
YEARS SAVED
$59,448
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,260
LIST RENT -
$1.18
LIST RENT PER SQFT
-
$4,536
COMP ESTIMATED VALUE -
$1.26
COMP AVG. RENT PER SQFT
Comps Range
-
10197 E Paradise Drive Scottsdale, AZ 2
- 4 beds 3 baths ∙ 3,614 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,614 Sqft ∙ Built 1987
![property image]()
- Rent
- Rent Per SQFT
- $4,260
- $1.18
-
9816 E Kalil Drive Scottsdale, AZ 1
- 4 beds 3 baths ∙ 3,511 Sqft ∙ Built 1984 4 beds 3 baths ∙ 3,511 Sqft ∙ Built 1984
![property image]()
LEASED 11/01/19- Rent
- Rent Per SQFT
- $4,200
- $1.20
-
10800 E Cactus Road #25 Scottsdale, AZ 3
- 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 1992
![property image]()
LEASED 06/24/20- Rent
- Rent Per SQFT
- $4,400
- $1.14
-
10109 E Topaz Drive Scottsdale, AZ 4
- 3 beds 4 baths ∙ 3,436 Sqft ∙ Built 1985 3 beds 4 baths ∙ 3,436 Sqft ∙ Built 1985
![property image]()
LEASED 11/26/19- Rent
- Rent Per SQFT
- $4,500
- $1.31
-
9943 E Island Circle Scottsdale, AZ 5
- 4 beds 4 baths ∙ 3,535 Sqft ∙ Built 1986 4 beds 4 baths ∙ 3,535 Sqft ∙ Built 1986
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $4,850
- $1.37
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6159985
Last Updated: 11/21/2020
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.
