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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $323.32
- 2 Days on Market
- MLS # : 6178969
- Updated Date : 01/09/2021 at 04:08
CONSTRUCTION
- Beds : 3
- Floor Size : 2,629 sqft
- Baths : 3 full , 1 half
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Nestled in the foothills of the exclusive Guard Gated community of One Hundred Hills, this home is spotless and move in ready! Enter thru private gates to an intimate courtyard. This home features 3 bedroom 3 1/2 bath, PLUS an OFFICE. For couples working from home, the private casita may be used as an additional office. This beautiful desert landscaped back yard has private patios, artificial turf with views of the McDowell Mountains. An entertainers dream, one of the larger flat lots in the community . Kitchen features granite counter tops with open concept living to TV room and stone fireplace. Hand scraped wood floors and 24x24 stone travertine throughout , 12 ft ceilings give this home an abundance of light . Community offers expansive trail systems, community pools , courts, pool
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PRICE & RENT TRENDS
Neighborhood: McDowell Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: McDowell Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,620 |
| EXPENSES | Loan Payment | -$2,952 |
| Property Tax | -$522 | |
| Property Insurance | -$78 | |
| HOA | -$217 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$249
|
||
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.
$850,000
PROJECTED PRICE
$3,620
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.0% |
| 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
$231,000
LOAN DETAILS
$2,952
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $212,500 |
| Loan Amount | $637,500 |
3.58
YEARS SAVED
$27,280
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,345
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
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10972 E Betony Drive Scottsdale, AZ 1
- 3 beds 4 baths ∙ 2,629 Sqft ∙ Built 1997 3 beds 4 baths ∙ 2,629 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $0
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16429 N 105th Way Scottsdale, AZ 2
- 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 1995
LEASED 11/01/20- Rent
- Rent Per SQFT
- $3,100
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11004 E Betony Drive Scottsdale, AZ 3
- 3 beds 3 baths ∙ 2,720 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,720 Sqft ∙ Built 1998
LEASED 03/15/20- Rent
- Rent Per SQFT
- $3,500
- $1.29
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11327 E Beck Lane Scottsdale, AZ 4
- 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2000
LEASED 04/20/20- Rent
- Rent Per SQFT
- $3,600
- $1.29
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10690 E Raintree Drive Scottsdale, AZ 5
- 4 beds 2 baths ∙ 2,647 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,647 Sqft ∙ Built 1998
LEASED 07/01/20- Rent
- Rent Per SQFT
- $3,600
- $1.36
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178969
Last Updated: 01/09/2021
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.
