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PRICE & RENT TRENDS
Neighborhood: Echo Ridge at Troon North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Echo Ridge at Troon North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,870 |
| EXPENSES | Loan Payment | -$2,099 |
| Property Tax | -$266 | |
| Property Insurance | -$75 | |
| HOA | -$2 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$329
|
||
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.
$569,000
PROJECTED PRICE
$2,870
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 3.7% |
| 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
$156,535
LOAN DETAILS
$2,099
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $142,250 |
| Loan Amount | $426,750 |
8.5
YEARS SAVED
$76,075
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
-
$3,152
COMP ESTIMATED VALUE -
$1.28
COMP AVG. RENT PER SQFT
Comps Range
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11140 E White Feather Lane Scottsdale, AZ 1
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- $0
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10764 E Greythorn Drive Scottsdale, AZ 2
- 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2000
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,895
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28873 N 111th Place Scottsdale, AZ 3
- 3 beds 3 baths ∙ 2,421 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,421 Sqft ∙ Built 1998
LEASED 10/01/19- Rent
- Rent Per SQFT
- $3,000
- $1.24
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10222 E Southwind Lane #1041 Scottsdale, AZ 4
- 3 beds 3 baths ∙ 2,628 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,628 Sqft ∙ Built 1996
LEASED 05/15/20- Rent
- Rent Per SQFT
- $3,350
- $1.27
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27000 N Alma School Parkway #2004 Scottsdale, AZ 5
- 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2014
LEASED 06/15/20- Rent
- Rent Per SQFT
- $3,400
- $1.29
PROPERTY LISTING DETAILS
The Offer Company
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6117798
Last Updated: 12/19/2020
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.
