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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $296.62
- 2 Days on Market
- MLS # : 6197016
- Updated Date : 02/21/2021 at 02:09
CONSTRUCTION
- Beds : 4
- Floor Size : 2,693 sqft
- Baths : 3 full
Listing Agent
Re/max Fine Properties
Listing Agent's Description
BEAUTIFUL Farmhouse Home, located in highly desirable McDowell Mountain Ranch. Remodeled interior with only the FINEST finishes. Gorgeous light, hardwood floors on the lower level, and fresh neutral paint keep the setting bright. The open concept kitchen boasts knotty alder cabinets, granite counters, a built-in wine cooler, Viking stove, warming drawer, and Sub-Zero refrigerator/freezer. A large center island w/ breakfast bar opens to a warm and inviting family room that includes a gas fireplace and shiplap walls. Your master retreat has a wood-beamed ceiling, balcony w/views, and a stone wall partitions the sitting room. Stunning spa-style master bathroom includes a glass-walled walk-in shower, free-standing claw-footed tub, white cabinetry w/ marble counters,
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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 | $2,990 |
| EXPENSES | Loan Payment | -$2,775 |
| Property Tax | -$489 | |
| Property Insurance | -$80 | |
| HOA | -$14 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$466
|
||
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.
$798,800
PROJECTED PRICE
$2,990
PROJECTED RENT
0.37%
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
$217,432
LOAN DETAILS
$2,775
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $199,700 |
| Loan Amount | $599,100 |
2.33
YEARS SAVED
$13,901
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
-
$3,191
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
10479 E Morning Star Drive Scottsdale, AZ 1
- 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $0
- $0.00
-
15024 N 102nd Street Scottsdale, AZ 2
- 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1999
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,800
- $1.12
-
10557 E Cosmos Circle Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 1996
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,950
- $1.11
-
16429 N 105th Way Scottsdale, AZ 4
- 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 1995
LEASED 11/01/20- Rent
- Rent Per SQFT
- $3,100
- $1.15
-
10690 E Raintree Drive Scottsdale, AZ 5
- 4 beds 2 baths ∙ 2,647 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,647 Sqft ∙ Built 1998
LEASED 07/01/20- Rent
- Rent Per SQFT
- $3,600
- $1.36
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197016
Last Updated: 02/21/2021
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.
