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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $247.05
- 7 Days on Market
- MLS # : 6162954
- Updated Date : 11/28/2020 at 18:45
CONSTRUCTION
- Beds : 4
- Floor Size : 3,643 sqft
- Baths : 4 full
Listing Agent
Keller Williams Realty Sonoran Living
Listing Agent's Description
Beautiful executive home located the gated community of Rancho Verde. This home features 3 bedroom and 3 baths in the main living quarters and a 1 bedroom 1 bath casita with separate entrance. Exquisite features extend throughout this magnificent home. The kitchen includes high end stainless steel appliances GE Monogram/Thermador, six burner gas cooktop, built-in oven and microwave, warming drawer and granite countertops. Step outside to a entertainers dream backyard with a bbq and lush landscaping, multiple patios with remote control retractable awnings. The large 3 car garage includes epoxy flooring and multiple built-in storage cabinets.
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PRICE & RENT TRENDS
Neighborhood: Rancho Verde
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Verde
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,470 |
| EXPENSES | Loan Payment | -$3,321 |
| Property Tax | -$472 | |
| Property Insurance | -$98 | |
| HOA | -$44 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$436
|
||
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.
$900,000
PROJECTED PRICE
$4,470
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.8% |
| 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
$244,250
LOAN DETAILS
$3,321
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $225,000 |
| Loan Amount | $675,000 |
8.08
YEARS SAVED
$112,542
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,470
LIST RENT -
$1.23
LIST RENT PER SQFT
-
$4,098
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
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11113 E North Lane Scottsdale, AZ 2
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- $3,600
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- 5 beds 4 baths ∙ 3,976 Sqft ∙ Built 1986 5 beds 4 baths ∙ 3,976 Sqft ∙ Built 1986
LEASED 12/01/19- Rent
- Rent Per SQFT
- $4,500
- $1.13
-
11942 E Ironwood Drive Scottsdale, AZ 4
- 5 beds 4 baths ∙ 3,885 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,885 Sqft ∙ Built 1996
LEASED 09/01/19- Rent
- Rent Per SQFT
- $4,500
- $1.16
-
10526 N 119th Street Scottsdale, AZ 5
- 4 beds 4 baths ∙ 3,963 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,963 Sqft ∙ Built 1994
LEASED 07/14/19- Rent
- Rent Per SQFT
- $4,900
- $1.24
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162954
Last Updated: 11/28/2020
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.
