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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $346.89
- 3 Days on Market
- MLS # : 6196784
- Updated Date : 02/20/2021 at 22:41
CONSTRUCTION
- Beds : 3
- Floor Size : 2,090 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Fine Properties
Listing Agent's Description
Embrace Troon Village living in this lovely three bedroom, two-and-a-half bath home! This remodeled house is a show stopper with a soothing neutral color palette, expansive high ceilings and custom finishes. When you walk into the formal living room and dining room area, you will immediately be wowed by the stunning chandelier and accent lighting. Straight behind the dining room you will find a luxuriously modern kitchen, complete with sleek new stainless steel appliances and quartz countertops. Tucked off the kitchen is a cozy great room with high-end window shutters overlooking the backyard mountain views. You will find the same meticulous attention to detail carried into the master bedroom with abundant natural lighting and beautiful hardwood floors. The master bedroom features...
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PRICE & RENT TRENDS
Neighborhood: Troon Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Troon Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,930 |
| EXPENSES | Loan Payment | -$2,518 |
| Property Tax | -$339 | |
| Property Insurance | -$68 | |
| HOA | -$3 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$97
|
||
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.
$725,000
PROJECTED PRICE
$2,930
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 2.3% |
| 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
$197,875
LOAN DETAILS
$2,518
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
4.58
YEARS SAVED
$33,880
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,930
LIST RENT -
$1.4
LIST RENT PER SQFT
-
$3,088
COMP ESTIMATED VALUE -
$1.48
COMP AVG. RENT PER SQFT
Comps Range
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11567 E Desert Willow Drive Scottsdale, AZ 3
- 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $2,930
- $1.40
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11290 E Whitethorn Drive Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2000
LEASED 11/01/19- Rent
- Rent Per SQFT
- $2,795
- $1.51
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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
- $1.30
-
11539 E Bronco Trail Scottsdale, AZ 4
- 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 1999
LEASED 07/08/20- Rent
- Rent Per SQFT
- $2,995
- $1.43
-
11542 E Desert Willow Drive Scottsdale, AZ 5
- 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 1997
LEASED 06/04/20- Rent
- Rent Per SQFT
- $3,500
- $1.67
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196784
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.
