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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $352.18
- 3 Days on Market
- MLS # : 6176096
- Updated Date : 01/03/2021 at 01:53
CONSTRUCTION
- Beds : 3
- Floor Size : 1,604 sqft
- Baths : 2 full
Listing Agent
Dpr Realty Llc
Listing Agent's Description
Stunning 3 bd,2 bth Remodel in highly sought after McDowell Mountain Ranch on large cul-de-sac lot features luxury kitchen w/natural stone Quartzite counters,gorgeous white shaker soft-close cabinets w/full ext. drawers & crown molding,stainless steel appliances,large island w/brkfst bar & Farmhouse sink.Over $125k in upgrades!Exquisite home offers vaulted ceiling,stylish wood tile floors,new carpet,recessed lighting,new fixtures,Nest smart thermostat/fire alarm,modern baths & plantation shutters.Spacious mstr boasts delightful new bathroom,ample closet space & door to patio.Amazing backyard w/lovely paver patio,built-in BBQ w/bar seating,real & artificial grass area & huge raised firepit/seating area.HVAC (2018),fresh ext.paint.Epoxy floor,sharp cabinets,new water heater/opener in garage!
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PRICE & RENT TRENDS
Neighborhood: McDowell Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: McDowell Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$2,084 |
| Property Tax | -$346 | |
| Property Insurance | -$58 | |
| HOA | -$14 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$291
|
||
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.
$564,900
PROJECTED PRICE
$2,310
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.0% |
| 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
$155,449
LOAN DETAILS
$2,084
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $141,225 |
| Loan Amount | $423,675 |
3.08
YEARS SAVED
$16,093
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
-
$2,310
COMP ESTIMATED VALUE -
$1.44
COMP AVG. RENT PER SQFT
Comps Range
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10207 E Salt Bush Drive Scottsdale, AZ 1
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- Rent Per SQFT
- $0
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10111 E Tierra Buena Lane Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1998
LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,000
- $1.35
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10311 E Morning Star Drive Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1995
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,200
- $1.42
-
15841 N 102nd Place Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1997
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,390
- $1.49
-
10224 E Firewheel Drive Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1997
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,400
- $1.50
PROPERTY LISTING DETAILS
Dpr Realty Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176096
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.
