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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $310.84
- 2 Days on Market
- MLS # : 6179015
- Updated Date : 01/09/2021 at 15:03
CONSTRUCTION
- Beds : 4
- Floor Size : 3,201 sqft
- Baths : 3 full
Listing Agent
Realty Executives
Listing Agent's Description
If you are looking for a fabulous 4 bed 3 bath remodel single level beauty in a gated community cul de sac location close to Basis and Desert Mt look no further....upscale finishes t/o from a redesigned gourmet kitchen w/ Ronnie Gris wood plank tile flooring to a deluxe custom wine room & Venatino Grey quartz to Kraus Chef Sink & Sink roller to Caseta lighting, new toilets, new water softner, newer roof and AC, all baths have been updated, custom shower doors, newer pebble sheen waterfall pool, new landscaping & irrigation front & back, iron entry door, new marble Go Flame electric, fireplace,tons of Shutters, French Doors, rainforest showers, new laundry rm w/ cabinets & sink,garage cabs, new fans, new Gallery kitchen s/s appliances, new interior & exterior paint ..this home is a 10!!
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PRICE & RENT TRENDS
Neighborhood: Sonoran Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sonoran Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,820 |
| EXPENSES | Loan Payment | -$3,456 |
| Property Tax | -$465 | |
| Property Insurance | -$90 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$301
|
||
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.
$995,000
PROJECTED PRICE
$3,820
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 2.6% |
| 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
$269,425
LOAN DETAILS
$3,456
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $248,750 |
| Loan Amount | $746,250 |
3.67
YEARS SAVED
$34,041
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
-
$3,329
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
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12530 E Kalil Drive Scottsdale, AZ 1
- 4 beds 3 baths ∙ 3,201 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,201 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $0
- $0.00
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12653 E Laurel Lane Scottsdale, AZ 2
- 3 beds 3 baths ∙ 3,096 Sqft ∙ Built 1994 3 beds 3 baths ∙ 3,096 Sqft ∙ Built 1994
LEASED 06/11/20- Rent
- Rent Per SQFT
- $2,800
- $0.90
-
10937 N 123rd Street Scottsdale, AZ 3
- 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
-
12210 E Desert Cove Avenue Scottsdale, AZ 4
- 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
-
12530 E Poinsettia Drive Scottsdale, AZ 5
- 3 beds 3 baths ∙ 3,096 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,096 Sqft ∙ Built 1996
LEASED 12/15/20- Rent
- Rent Per SQFT
- $3,800
- $1.23
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6179015
Last Updated: 01/09/2021
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.
