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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $504.92
- 3 Days on Market
- MLS # : 6165606
- Updated Date : 12/04/2020 at 10:04
CONSTRUCTION
- Beds : 4
- Floor Size : 3,961 sqft
- Baths : 3 full , 1 half
Listing Agent
Launch Real Estate
Listing Agent's Description
Timeless style paired with modern flair make this home in the desert ideal for an astute buyer in search of quality, warmth, and tranquility. Every detail was masterfully integrated into the beautiful desertscape. Thoughtfully designed to include Italian tile flooring, stacked stone walls, chef's kitchen, powered window coverings, central vacuum, garage shop, exquisite pool and spa, firepit, and ramada. Enjoy captivating panoramic views from the front courtyard or retreat to the ultra-private back yard oasis. The highest standard of care and maintenance renders the property an incredible opportunity to seamlessly transition into this luxurious lifestyle. Nearby adventures include biking, golfing, hiking, or horseback riding. Welcome to your getaway or year round home in coveted Talon Ranch
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PRICE & RENT TRENDS
Neighborhood: Goldie Brown Pinnacle Peak Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Goldie Brown Pinnacle Peak Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $6,010 |
| EXPENSES | Loan Payment | -$7,379 |
| Property Tax | -$934 | |
| Property Insurance | -$104 | |
| HOA | -$189 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$2,695
|
||
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.
$2,000,000
PROJECTED PRICE
$6,010
PROJECTED RENT
0.30%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.2% |
| 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
$535,750
LOAN DETAILS
$7,379
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $500,000 |
| Loan Amount | $1,500,000 |
0.25
YEARS SAVED
$864
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$6,010
LIST RENT -
$1.52
LIST RENT PER SQFT
-
$7,605
COMP ESTIMATED VALUE -
$1.92
COMP AVG. RENT PER SQFT
Comps Range
-
11708 E Quail Track Drive Scottsdale, AZ 1
- 4 beds 4 baths ∙ 3,961 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,961 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $6,010
- $1.52
-
27122 N 112th Place Scottsdale, AZ 2
- 3 beds 4 baths ∙ 4,288 Sqft ∙ Built 2010 3 beds 4 baths ∙ 4,288 Sqft ∙ Built 2010
LEASED 09/15/19- Rent
- Rent Per SQFT
- $6,700
- $1.56
-
10641 E Monument Drive Scottsdale, AZ 3
- 4 beds 4 baths ∙ 3,910 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,910 Sqft ∙ Built 2006
LEASED 04/01/20- Rent
- Rent Per SQFT
- $8,900
- $2.28
PROPERTY LISTING DETAILS
Launch Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165606
Last Updated: 12/04/2020
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.
