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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $315.37
- 90 Days on Market
- MLS # : 6145771
- Updated Date : 12/22/2020 at 11:37
CONSTRUCTION
- Beds : 4
- Floor Size : 3,488 sqft
- Baths : 3 full , 1 half
Listing Agent
Prestige Realty
Listing Agent's Description
BRAND NEW HOME home at Viento del Este. A unique community of only 20 homes. Courtyard entrance, circular foyer Front Door Solid wood from Craftsmen with Emtek hardware, soaring 12' ceilings, light, bright and open. formal dining room, 8' doors and a dedicated office. 3CM Desert Beach Granite kitchen with large center island, stainless steel appliances Cafe(tm) 36'' Knob-Control Electric Cooktop, double oven and a massive walk-in pantry.3.5 bathrooms. Large owners suite, 6 head rain shower, en suite guest quarters, Covered patioClose to top-rated schools, Palomino Public Library, and Lost Dog Trail on the McDowell Sonoran Preserve.
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PRICE & RENT TRENDS
Neighborhood: Viento del Este
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Viento del Este
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,230 |
| EXPENSES | Loan Payment | -$3,821 |
| Property Tax | -$514 | |
| Property Insurance | -$95 | |
| HOA | -$115 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,414
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.
$1,100,000
PROJECTED PRICE
$3,230
PROJECTED RENT
0.29%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 2.8% |
| Maintenance Year (1-5) | 3.00% |
| 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
$293,500
LOAN DETAILS
$3,821
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $275,000 |
| Loan Amount | $825,000 |
0.25
YEARS SAVED
$292
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,776
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
11507 N 124th Place Scottsdale, AZ 1
- 4 beds 4 baths ∙ 3,488 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,488 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $0
- $0.00
-
12543 E Mercer Lane Scottsdale, AZ 2
- 4 beds 3 baths ∙ 3,356 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,356 Sqft ∙ Built 2001
LEASED 11/15/19- Rent
- Rent Per SQFT
- $3,500
- $1.04
-
11487 N 124th Way Scottsdale, AZ 3
- 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 2006
LEASED 05/01/19- Rent
- Rent Per SQFT
- $3,595
- $1.03
-
13513 E Cannon Drive Scottsdale, AZ 4
- 5 beds 3 baths ∙ 3,556 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,556 Sqft ∙ Built 2003
LEASED 05/15/19- Rent
- Rent Per SQFT
- $3,995
- $1.12
-
12403 E Lupine Avenue Scottsdale, AZ 5
- 3 beds 3 baths ∙ 3,503 Sqft ∙ Built 2007 3 beds 3 baths ∙ 3,503 Sqft ∙ Built 2007
LEASED 08/28/20- Rent
- Rent Per SQFT
- $4,000
- $1.14
PROPERTY LISTING DETAILS
Prestige Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6145771
Last Updated: 12/22/2020
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.
