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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $224.75
- 2 Days on Market
- MLS # : 6170818
- Updated Date : 12/12/2020 at 15:42
CONSTRUCTION
- Beds : 3
- Floor Size : 2,158 sqft
- Baths : 2 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Charming, updated home in Scottsdale. Open floor plan with great flow from room to room is perfect for entertaining and relaxing. Wonderful kitchen includes custom cabinetry, slab granite counter tops, stone subway-style backsplash and stainless-steel appliances. Vaulted ceilings in the living room and kitchen, stone flooring, recessed lighting, updated fixtures, and double-pane windows. Fully remodeled bathrooms with stone and granite. Large master bedroom has a generous walk-in closet with custom built-ins and the master bathroom has double sinks and a walk-in shower with double shower heads and frameless glass doors. North facing backyard has a large, covered patio and plenty of room for family and guests. This non-smoking home is meticulously maintained and is a must see.
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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 | $2,500 |
| EXPENSES | Loan Payment | -$1,789 |
| Property Tax | -$227 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$316
|
||
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.
$485,000
PROJECTED PRICE
$2,500
PROJECTED RENT
0.52%
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
$134,275
LOAN DETAILS
$1,789
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $121,250 |
| Loan Amount | $363,750 |
9.08
YEARS SAVED
$70,633
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,500
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$2,536
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
10876 E Becker Lane Scottsdale, AZ 4
- 3 beds 2 baths ∙ 2,158 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,158 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $2,500
- $1.16
-
10942 E Gary Road Scottsdale, AZ 1
- 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 1984
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,200
- $1.08
-
10673 E Hope Drive Scottsdale, AZ 2
- 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
-
10551 E Fanfol Lane Scottsdale, AZ 5
- 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 1984
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,650
- $1.21
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170818
Last Updated: 12/12/2020
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.
