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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $312.50
- 3 Days on Market
- MLS # : 6202986
- Updated Date : 03/06/2021 at 02:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,440 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Beautiful neighborhood with NO HOA!! Don't wait to see this well maintained home in a very desirable scottsdale location, it will not last long! Homes rarely become available in this neighborhood. Great spacious floor plan with a 2 car garage and a large back yard with mature landscape. Stainless steel refrigerator, washer and dryer included. Close to A+ Schools, shopping and restaurants.
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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 | $2,080 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$210 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$152
|
||
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.
$450,000
PROJECTED PRICE
$2,080
PROJECTED RENT
0.46%
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
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
7.33
YEARS SAVED
$41,018
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$1.44
LIST RENT PER SQFT
-
$2,081
COMP ESTIMATED VALUE -
$1.45
COMP AVG. RENT PER SQFT
Comps Range
-
10919 E Kalil Drive Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $2,080
- $1.44
-
11016 N 111th Place Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1989
![property image]()
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,950
- $1.33
-
10930 N 110th Place Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1983
![property image]()
LEASED 06/15/20- Rent
- Rent Per SQFT
- $2,150
- $1.45
-
10885 N 107th Way Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1981
![property image]()
LEASED 02/01/21- Rent
- Rent Per SQFT
- $2,200
- $1.46
-
10851 E Mercer Lane Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1983
![property image]()
LEASED 01/09/21- Rent
- Rent Per SQFT
- $2,400
- $1.54
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6202986
Last Updated: 03/06/2021
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.
