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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $396.89
- 2 Days on Market
- MLS # : 6184795
- Updated Date : 01/23/2021 at 00:43
CONSTRUCTION
- Beds : 5
- Floor Size : 2,507 sqft
- Baths : 3 full
Listing Agent
Joi Realty
Listing Agent's Description
INVESTORS BUILD YOUR NEXT SPEC HOUSE! Welcome home to this gorgeous 5 bedroom 3 bath home with two master suites. This large single family home sits on almost a one acre lot with no HOA in the heart of Scottsdale with newer homes selling for up to 2.5 million. As you enter into the front door you will find a large courtyard. The kitchen has been fully upgraded and features granite kitchen counters and stainless steel appliances. There are multiple living spaces and a large welcoming backyard with a large diving pool. Bring all your toys and your RV because there is plenty of room! Investors come build your brand new property on this corner lot. Investors make this your next rental investment!
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PRICE & RENT TRENDS
Neighborhood: West Cactus
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Cactus
* 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 | -$3,456 |
| Property Tax | -$465 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,166
|
||
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.
$995,000
PROJECTED PRICE
$2,930
PROJECTED RENT
0.29%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.5% |
| 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
$269,425
LOAN DETAILS
$3,456
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $248,750 |
| Loan Amount | $746,250 |
0.42
YEARS SAVED
$1,049
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
-
$2,877
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
11625 N 67th Street Scottsdale, AZ 1
- 5 beds 3 baths ∙ 2,507 Sqft ∙ Built 1962 5 beds 3 baths ∙ 2,507 Sqft ∙ Built 1962
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6002 E Larkspur Drive Scottsdale, AZ 2
- 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1974
LEASED 11/18/19- Rent
- Rent Per SQFT
- $2,699
- $1.10
-
6548 E Presidio Road Scottsdale, AZ 3
- 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 1974
LEASED 12/15/19- Rent
- Rent Per SQFT
- $2,750
- $1.25
-
6702 E Beryl Avenue Paradise Valley, AZ 4
- 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 1973
LEASED 07/03/20- Rent
- Rent Per SQFT
- $2,800
- $1.08
-
12636 N 68th Place Scottsdale, AZ 5
- 5 beds 2 baths ∙ 2,415 Sqft ∙ Built 1973 5 beds 2 baths ∙ 2,415 Sqft ∙ Built 1973
LEASED 08/11/20- Rent
- Rent Per SQFT
- $2,800
- $1.16
PROPERTY LISTING DETAILS
Joi Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184795
Last Updated: 01/23/2021
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.
