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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $370.35
- 46 Days on Market
- MLS # : 6164063
- Updated Date : 01/07/2021 at 02:02
CONSTRUCTION
- Beds : 3
- Floor Size : 2,954 sqft
- Baths : 3 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Imagine enjoying the convenience and safety of 85260 while living in a ''rural-feel'' secludedcommunity! You can have BOTH close proximity to Scottsdale amenities (dining, shopping,entertainment), as well as a homestead with horses, gardens and chickens. An abundance ofmature trees in the backyard make this home an oasis in the desert.This beautiful Scottsdale home and prime location Features:1 acre with Horse PrivilegesNo HOAQuiet Cul-de-sacMain House: (Master with Full Bath and 2nd Bedroom with full bath).Master Bedroom with 14 ft vaulted ceilings and views of the spacious acre. His/Her closets. Workout room OR Office Space; Bathroom: Double Shower, Soaking Bathtub with Jets, enclosed toiletroom. Second Bedroom with access to hallway full bath.
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PRICE & RENT TRENDS
Neighborhood: Sundown Ranchos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sundown Ranchos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,390 |
| EXPENSES | Loan Payment | -$3,800 |
| Property Tax | -$559 | |
| Property Insurance | -$85 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,152
|
||
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.
$1,094,000
PROJECTED PRICE
$3,390
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$295,660
LOAN DETAILS
$3,800
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $273,500 |
| Loan Amount | $820,500 |
0.67
YEARS SAVED
$2,620
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,390
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$3,907
COMP ESTIMATED VALUE -
$1.32
COMP AVG. RENT PER SQFT
Comps Range
-
11022 N 85th Place Scottsdale, AZ 1
- 3 beds 3 baths ∙ 2,954 Sqft ∙ Built 1973 3 beds 3 baths ∙ 2,954 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $3,390
- $1.15
-
8507 E Welsh Trail Scottsdale, AZ 2
- 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1984
LEASED 04/02/20- Rent
- Rent Per SQFT
- $3,500
- $1.27
-
10422 N 82nd Place Scottsdale, AZ 3
- 4 beds 3 baths ∙ 3,153 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,153 Sqft ∙ Built 1979
LEASED 06/26/20- Rent
- Rent Per SQFT
- $3,550
- $1.13
-
8231 E Appaloosa Trail Scottsdale, AZ 4
- 4 beds 2 baths ∙ 2,824 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,824 Sqft ∙ Built 1979
LEASED 02/01/20- Rent
- Rent Per SQFT
- $3,995
- $1.41
-
8528 E Clydesdale Trail Scottsdale, AZ 5
- 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1979
LEASED 08/03/20- Rent
- Rent Per SQFT
- $4,000
- $1.48
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164063
Last Updated: 01/07/2021
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.
