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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $392.19
- 3 Days on Market
- MLS # : 6165326
- Updated Date : 11/28/2020 at 23:06
CONSTRUCTION
- Beds : 5
- Floor Size : 3,251 sqft
- Baths : 3 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Remodeled home in guard gated Ancala with golf course, city light, and mountain views under 1.3! Bright open floor plan with plenty of big windows and glass doors to enjoy indoor/outdoor style living. Chef's kitchen with new stainless steel appliances, double ovens, walk-in pantry, gas cooktop, and large center island. Open to the family room with cozy fireplace and all the views! Desirable split floorplan. Master bedroom with access to backyard oasis. Remodeled Master bath with his/hers sinks and vanity, and walk-in closet with custom cabinetry. Escape to the backyard retreat with extended covered patio looking out onto the new negative edge pool and spa. Plus new outdoor kitchen, fire pits, misters, and putting green. Perfect backyard for entertaining! Sit back relax and enjoy the view.
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PRICE & RENT TRENDS
Neighborhood: Ancala
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ancala
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,220 |
| EXPENSES | Loan Payment | -$4,704 |
| Property Tax | -$596 | |
| Property Insurance | -$91 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,322
|
||
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.
$1,275,000
PROJECTED PRICE
$4,220
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 0.5% |
| 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
$343,625
LOAN DETAILS
$4,704
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $318,750 |
| Loan Amount | $956,250 |
0.92
YEARS SAVED
$5,599
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,438
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
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12146 N 120th Street Scottsdale, AZ 1
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- $0
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10937 N 123rd Street Scottsdale, AZ 2
- 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1993
LEASED 03/28/20- Rent
- Rent Per SQFT
- $3,000
- $0.98
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12210 E Desert Cove Avenue Scottsdale, AZ 3
- 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1991
LEASED 06/26/20- Rent
- Rent Per SQFT
- $3,200
- $1.05
-
12476 E Altadena Avenue Scottsdale, AZ 4
- 4 beds 3 baths ∙ 3,501 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,501 Sqft ∙ Built 1993
LEASED 06/15/19- Rent
- Rent Per SQFT
- $3,700
- $1.06
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12403 E Lupine Avenue Scottsdale, AZ 5
- 4 beds 3 baths ∙ 3,503 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,503 Sqft ∙ Built 2007
LEASED 01/01/20- Rent
- Rent Per SQFT
- $4,000
- $1.14
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165326
Last Updated: 11/28/2020
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.
