Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $296.75
- 3 Days on Market
- MLS # : 6178382
- Updated Date : 01/08/2021 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,864 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
LOCATION, LOCATION!! Check out this ONE of a Kind Horse property in a Friendly, highly desirable Scottsdale Neighborhood. BIG LOT, 0.8 of an Acre! NO HOA. RV Garage. Cul-de-sac Garage access. Plenty of room for Toys. Citrus Tress. Ideal remodel opportunity. Within minutes from the 101 freeway, Barret Jackson(West World) Kierland, Scottsdale Quarter, Waste Management Open at the TPC, and many golf courses. Property Being Sold AS-IS. VERY SMALL Window to preview. Please call LISTING Agent to setup.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Sundown Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sundown Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,690 |
| EXPENSES | Loan Payment | -$2,952 |
| Property Tax | -$397 | |
| Property Insurance | -$83 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$159
|
||
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.
$849,900
PROJECTED PRICE
$3,690
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$230,974
LOAN DETAILS
$2,952
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $212,475 |
| Loan Amount | $637,425 |
6.5
YEARS SAVED
$65,379
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,690
LIST RENT -
$1.29
LIST RENT PER SQFT
-
$3,924
COMP ESTIMATED VALUE -
$1.37
COMP AVG. RENT PER SQFT
Comps Range
-
11842 N Miller Road Scottsdale, AZ 2
- 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 1973
![property image]()
- Rent
- Rent Per SQFT
- $3,690
- $1.29
-
12617 N 71st Street Scottsdale, AZ 1
- 4 beds 3 baths ∙ 3,016 Sqft ∙ Built 1973 4 beds 3 baths ∙ 3,016 Sqft ∙ Built 1973
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $3,500
- $1.16
-
7577 E Corrine Road Scottsdale, AZ 3
- 3 beds 4 baths ∙ 2,824 Sqft ∙ Built 1987 3 beds 4 baths ∙ 2,824 Sqft ∙ Built 1987
![property image]()
LEASED 01/01/21- Rent
- Rent Per SQFT
- $3,700
- $1.31
-
8231 E Appaloosa Trail Scottsdale, AZ 4
- 4 beds 2 baths ∙ 2,824 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,824 Sqft ∙ Built 1979
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $3,995
- $1.41
-
7508 E Aster Drive Scottsdale, AZ 5
- 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 1986
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $4,500
- $1.60
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178382
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
