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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $258.71
- 4 Days on Market
- MLS # : 6162216
- Updated Date : 11/21/2020 at 11:18
CONSTRUCTION
- Beds : 4
- Floor Size : 2,010 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Awesome home! Great Scottsdale location with easy access to Shea corridor and Loop 101. With a little TLC you are ready, located on a quiet street , featuring spacious back yard, great pool and no HOA. Bring your clients, they will love it! Beat the energy bills this home has it's own SOLAR PANELS !***Motivated seller, bring an offer!***
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PRICE & RENT TRENDS
Neighborhood: Knoell Scottsdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Knoell Scottsdale
* 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 | -$1,919 |
| Property Tax | -$243 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$103
|
||
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.
$520,000
PROJECTED PRICE
$2,430
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.4% |
| 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
$143,550
LOAN DETAILS
$1,919
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $130,000 |
| Loan Amount | $390,000 |
6.58
YEARS SAVED
$48,551
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 -
$1.21
LIST RENT PER SQFT
-
$2,673
COMP ESTIMATED VALUE -
$1.33
COMP AVG. RENT PER SQFT
Comps Range
-
10703 N 104th Place Scottsdale, AZ 2
- 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $2,430
- $1.21
-
10673 E Hope Drive Scottsdale, AZ 1
- 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 1981
LEASED 08/28/20- Rent
- Rent Per SQFT
- $2,299
- $1.14
-
11115 E Mercer Lane Scottsdale, AZ 3
- 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 1983
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,500
- $1.27
-
9804 N 100th Place Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1983
LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,900
- $1.46
-
10203 N 101st Street Scottsdale, AZ 5
- 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1985
LEASED 10/05/20- Rent
- Rent Per SQFT
- $3,000
- $1.45
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162216
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.
