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 1994
- Price/Sqft : $310.31
- 5 Days on Market
- MLS # : 6176866
- Updated Date : 01/08/2021 at 23:50
CONSTRUCTION
- Beds : 4
- Floor Size : 1,737 sqft
- Baths : 2 full
Listing Agent
Redfin Corporation
Listing Agent's Description
A rare find under $550k in Scottsdale. Sought-after Corner Lot! Beautifully remodeled. High-end specification with designer features. Move in ready. Brand new custom kitchen in 2019 with white shaker cabinets, crown molding, white quartz surfaces, a large custom pantry, and island with breakfast bar, plus stainless steel appliances. Custom remodeled designer bathrooms with shaker cabinets, quartz countertops, and luxurious Grohe shower fixtures. New wood look tile flooring throughout home in 2019 and brand new plush carpet in bedrooms. Beautifully landscaped yard with patio and artificial turf. Entirely smart home enabled with the latest technology - controls your lights - indoor and out, sprinkler system, washer, dryer, garage door and more from anywhere!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Paradise Vista Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Vista Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,300 |
| EXPENSES | Loan Payment | -$1,872 |
| Property Tax | -$252 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$16
|
||
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.
$539,000
PROJECTED PRICE
$2,300
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.7% |
| 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
$148,585
LOAN DETAILS
$1,872
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $134,750 |
| Loan Amount | $404,250 |
5.58
YEARS SAVED
$33,466
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$1.32
LIST RENT PER SQFT
-
$2,258
COMP ESTIMATED VALUE -
$1.3
COMP AVG. RENT PER SQFT
Comps Range
-
10757 N 109th Way Scottsdale, AZ 3
- 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 1994
![property image]()
- Rent
- Rent Per SQFT
- $2,300
- $1.32
-
10851 E Becker Lane Scottsdale, AZ 1
- 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1985
![property image]()
LEASED 04/03/20- Rent
- Rent Per SQFT
- $2,195
- $1.21
-
10770 E Mercer Lane Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1980
![property image]()
LEASED 02/14/20- Rent
- Rent Per SQFT
- $2,250
- $1.29
-
10732 N 113th Street Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1994
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,400
- $1.25
-
10850 N 108th Place Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1984
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,495
- $1.45
PROPERTY LISTING DETAILS
Redfin Corporation
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176866
Last Updated: 01/08/2021
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.
