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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $312.50
- 2 Days on Market
- MLS # : 6208714
- Updated Date : 03/20/2021 at 20:37
CONSTRUCTION
- Beds : 4
- Floor Size : 1,744 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty Phoenix
Listing Agent's Description
Welcome to this 4BRs/2.5 Bath Split Level 1744 sq feet Move in Ready beauty in the magnificent McDowell Mountain Ranch neighborhood in N. Scottsdale. The Kitchen Flooring has been upgraded with brand NEW Vinyl, Carpet has been recently replaced. The house has been freshly painted while the Views from the Enormous Upper Patio are one of a kind. The patio has been given a fresh new look with its lovely tile as well. The Spacious Backyard has been showered with Brand spankin new Grass. The Granite Countertops in the kitchen and the Stylish Stainless Steel Appliances make the kitchen shine. Do I need to say any more. Book your Appointment TODAY!!!
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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 | $2,430 |
| EXPENSES | Loan Payment | -$1,893 |
| Property Tax | -$333 | |
| Property Insurance | -$61 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$29
|
||
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.
$545,000
PROJECTED PRICE
$2,430
PROJECTED RENT
0.45%
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
$150,175
LOAN DETAILS
$1,893
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $136,250 |
| Loan Amount | $408,750 |
5.58
YEARS SAVED
$33,659
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,430
LIST RENT -
$1.39
LIST RENT PER SQFT
-
$2,594
COMP ESTIMATED VALUE -
$1.49
COMP AVG. RENT PER SQFT
Comps Range
-
10254 E Le Marche Drive Scottsdale, AZ 3
- 4 beds 3 baths ∙ 1,744 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,744 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,430
- $1.39
-
10332 E Star Of The Desert Drive Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1997
LEASED 05/20/20- Rent
- Rent Per SQFT
- $2,300
- $1.43
-
10224 E Firewheel Drive Scottsdale, AZ 2
- 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
-
10354 E Saltillo Drive Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1997
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,450
- $1.51
-
10437 E Penstamin Drive Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1997
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,450
- $1.51
PROPERTY LISTING DETAILS
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6208714
Last Updated: 03/20/2021
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.
