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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $325.93
- 2 Days on Market
- MLS # : 6165527
- Updated Date : 11/28/2020 at 12:23
CONSTRUCTION
- Beds : 5
- Floor Size : 5,446 sqft
- Baths : 5 full , 1 half
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Dazzling unobstructed views of Camelback Mtn & a huge swath of sparkling city lights will WOW you as you enter into this beautiful estate. The well-thought-out floor plan provides single level living on the main floor with massive Owner's Suite, Office, 3 ensuite bedrooms, Library, Formal Dining, Family Room, Kitchen & Laundry. Lower level offers spacious Game Room, a 4th ensuite bedroom w/private exit, kitchenette & large storeroom. Step outside to the heated pool & spa, built-in gas BBQ & kiva fireplace on the main level & the putting/chipping greens on lower level. The roomy 3 car garage offers built-in cabinetry and smooth epoxy floor. Freshly painted inside & out, this versatile home will easily accommodate a variety of buyers!
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PRICE & RENT TRENDS
Neighborhood: Ancala West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ancala West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $6,150 |
| EXPENSES | Loan Payment | -$6,549 |
| Property Tax | -$830 | |
| Property Insurance | -$133 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,513
|
||
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.
$1,775,000
PROJECTED PRICE
$6,150
PROJECTED RENT
0.35%
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
$476,125
LOAN DETAILS
$6,549
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $443,750 |
| Loan Amount | $1,331,250 |
1.5
YEARS SAVED
$17,395
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
-
$5,337
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
13042 N 116th Street Scottsdale, AZ 1
- 5 beds 6 baths ∙ 5,446 Sqft ∙ Built 1999 5 beds 6 baths ∙ 5,446 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $0
- $0.00
-
10475 E Laurel Lane Scottsdale, AZ 2
- 6 beds 5 baths ∙ 5,522 Sqft ∙ Built 1996 6 beds 5 baths ∙ 5,522 Sqft ∙ Built 1996
LEASED 09/01/19- Rent
- Rent Per SQFT
- $5,400
- $0.98
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165527
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.
