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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $397.47
- 6 Days on Market
- MLS # : 6175276
- Updated Date : 12/29/2020 at 16:52
CONSTRUCTION
- Beds : 2
- Floor Size : 2,136 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty Executives
Listing Agent's Description
RESORT LIVING AT IT'S BEST! THIS FABULOUSLY APPOINTED VILLA IS A TURN KEY DREAM! IT FEATURES TWO MASTER SUITES WITH FULL BATHROOMS, WALK-IN CLOSETS & PRIVATE ENTRIES. THERE IS ALSO A DEN/OFFICE WITH A MURPHY BED TO ACCOMODATE ADDITIONAL GUESTS. THE COOKS KITCHEN WITH GAS COOKTOP OPENS TO THE BREAKFAST ROOM, WET BAR, LIVING & DINING ROOM. THE LUSH PRIVATE BACKYARD IS DESIGNED FOR ENTERTAINING & EVERYDAY ENJOYMENT WITH SPACIOUS SPA & DRAMATIC WATERFALL THAT CASCADES INTO THE HEATED POOL. IT IS MOVE IN READY, SIMPLY BRING YOUR TOOTHBRUSH SINCE THE PURCHASE INCLUDES ALL DESIGNER FURNITURE, FURNISHINGS, ART & COMPLETELY OUTFITTED KITCHEN. IN PRESTIGIOUS 24 HOUR GUARD GATED ANCALA COUNTRY CLUB WITH CLOSE PROXIMITY TO HIKING TRAILS, FINE DINING, SHOPPING, THE MAYO CLINIC & EASY ACCESS TO
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PRICE & RENT TRENDS
Neighborhood: Ancala Casitas Resort
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ancala Casitas Resort
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,630 |
| EXPENSES | Loan Payment | -$3,132 |
| Property Tax | -$397 | |
| Property Insurance | -$69 | |
| HOA | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$876
|
||
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.
$849,000
PROJECTED PRICE
$4,630
PROJECTED RENT
0.55%
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) | 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
$230,735
LOAN DETAILS
$3,132
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $212,250 |
| Loan Amount | $636,750 |
10.75
YEARS SAVED
$163,112
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
-
$5,724
COMP ESTIMATED VALUE -
$2.68
COMP AVG. RENT PER SQFT
Comps Range
-
11644 E Cortez Drive Scottsdale, AZ 1
- 2 beds 3 baths ∙ 2,136 Sqft ∙ Built 1994 2 beds 3 baths ∙ 2,136 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $0
- $0.00
-
11285 E Helm Drive Scottsdale, AZ 2
- 2 beds 2 baths ∙ 1,863 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,863 Sqft ∙ Built 2003
LEASED 07/01/20- Rent
- Rent Per SQFT
- $5,000
- $2.68
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175276
Last Updated: 12/29/2020
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.
