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 1984
- Price/Sqft : $298.28
- 3 Days on Market
- MLS # : 6167133
- Updated Date : 12/04/2020 at 17:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,508 sqft
- Baths : 2 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Welcome home to this impeccable Scottsdale home. Nestled in the highly desirable neighborhood of Skyrun at Shea, this 3 bed, 2 bath home is the perfect place to settle in! The timelessly remodeled kitchen creates the perfect cooking environment for any at-home chef, and the vaulted ceilings in the main living areas create the spacious feel you've been waiting for! The wet bar in the living room is an entertainer's paradise, and to top it off, the pavers in the backyard give this home the ultimate low-maintenance lifestyle. This home is a must-see, turn-key gem!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Skyrun at Shea
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Skyrun at Shea
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,070 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$210 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$45
|
||
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.
$449,800
PROJECTED PRICE
$2,070
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.8% |
| 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
$124,947
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,450 |
| Loan Amount | $337,350 |
6.17
YEARS SAVED
$37,380
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,070
LIST RENT -
$1.37
LIST RENT PER SQFT
-
$2,062
COMP ESTIMATED VALUE -
$1.37
COMP AVG. RENT PER SQFT
Comps Range
-
10700 E Becker Lane Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $2,070
- $1.37
-
10770 E Becker Lane Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,333 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,333 Sqft ∙ Built 1984
LEASED 11/04/20- Rent
- Rent Per SQFT
- $1,795
- $1.35
-
10720 E Mercer Lane Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1980
LEASED 07/11/20- Rent
- Rent Per SQFT
- $1,950
- $1.25
-
10745 E Clinton Street Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1983
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,200
- $1.46
-
11112 N 106th Street Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1981
LEASED 06/23/20- Rent
- Rent Per SQFT
- $2,200
- $1.41
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167133
Last Updated: 12/04/2020
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.
