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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $312.60
- 2 Days on Market
- MLS # : 6196789
- Updated Date : 02/20/2021 at 14:24
CONSTRUCTION
- Beds : 5
- Floor Size : 3,023 sqft
- Baths : 3 full
Listing Agent
Jill H. Remington & Associates
Listing Agent's Description
!SPECTACULAR!!! Semi-Custom Hamilton Home!!! Upscaled & Gorgeous!! JUST REMODELED! Panoramic Views, Premium Lot on a quiet Cul-de-Sac. **RARE WRAP AROUND LOT** that Backs to Natural Desert Arroyo for Total Privacy and Unobstructed McDowell Mountain VIEWS!! NEW Huge Open Kitchen W/ Designer backsplash & quartz counters/White Cab's & S/S Appl W/Built In SubZero** Wood & Porcelain Flooring, Designer Carpet!**Great Room W/Fireplace**Huge Master Bedroom W/Fireplace & W/Walk Out Balcony/ Spectacular Views!! Stunning Stone Bar-B-Que station & newly designed Ramada!2 Lg Grass Areas **4 Bed & 3 FULL BATHS!! Remodeled 2020-2021, Beautiful Gray tones, throughout! Plantation Shutters. Don't Miss this Opportunity to OWN this REIMAGINED Home & Amazing Lot! It is a 5 BR or 4BR plus Office.
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PRICE & RENT TRENDS
Neighborhood: Rio Montana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rio Montana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,610 |
| EXPENSES | Loan Payment | -$3,282 |
| Property Tax | -$442 | |
| Property Insurance | -$85 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$304
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$945,000
PROJECTED PRICE
$3,610
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 5.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| 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
$256,175
LOAN DETAILS
$3,282
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $236,250 |
| Loan Amount | $708,750 |
3.58
YEARS SAVED
$31,087
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,610
LIST RENT -
$1.21
LIST RENT PER SQFT
-
$3,787
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
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11025 N 130th Way Scottsdale, AZ 2
- 5 beds 3 baths ∙ 2,988 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,988 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $3,610
- $1.21
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13945 E Gail Road Scottsdale, AZ 1
- 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1998
LEASED 01/01/20- Rent
- Rent Per SQFT
- $3,300
- $1.23
-
12775 E Gold Dust Avenue Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1997
LEASED 05/19/20- Rent
- Rent Per SQFT
- $3,750
- $1.29
-
13406 E Del Timbre Drive Scottsdale, AZ 4
- 5 beds 4 baths ∙ 3,261 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,261 Sqft ∙ Built 1996
LEASED 09/20/19- Rent
- Rent Per SQFT
- $3,800
- $1.17
-
12840 E Wethersfield Road Scottsdale, AZ 5
- 5 beds 4 baths ∙ 3,037 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,037 Sqft ∙ Built 1998
LEASED 07/15/20- Rent
- Rent Per SQFT
- $4,200
- $1.38
PROPERTY LISTING DETAILS
Jill H. Remington & Associates
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196789
Last Updated: 02/20/2021
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.
