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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $304.86
- 4 Days on Market
- MLS # : 6170722
- Updated Date : 01/02/2021 at 18:21
CONSTRUCTION
- Beds : 3
- Floor Size : 2,903 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
This home is a MUST SEE. Gorgeous Scottsdale Mountain home has been completely updated. This large 3 bed/2.5 bath with den sits on an elevated lot with views of the city and mountains. New marble flooring as you enter spills into the spacious remodeled kitchen with gas Wolf stove, Sub-Zero wine fridge and oversized quartzite kitchen island... a cooks dream! The upstairs master suite has stunning city views from the veranda as well as a attached sitting/workout area. The remodeled master bath has to be seen to be appreciated. His and hers areas with a gorgeous tub and white stone wall shower. Surround sound in and out allows you to enjoy the wrap around patio and pool year round. Hiking and biking are minutes away from your front door. Come see this entertainers paradise!
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PRICE & RENT TRENDS
Neighborhood: Scottsdale Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Scottsdale Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,380 |
| EXPENSES | Loan Payment | -$3,265 |
| Property Tax | -$507 | |
| Property Insurance | -$84 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$594
|
||
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.
$885,000
PROJECTED PRICE
$3,380
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 1.0% |
| 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
$240,275
LOAN DETAILS
$3,265
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $221,250 |
| Loan Amount | $663,750 |
2.17
YEARS SAVED
$15,372
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
-
$3,404
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
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13662 E Shaw Butte Drive Scottsdale, AZ 1
- 3 beds 3 baths ∙ 2,903 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,903 Sqft ∙ Built 1998
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14077 E Coyote Road Scottsdale, AZ 2
- 3 beds 4 baths ∙ 2,708 Sqft ∙ Built 2001 3 beds 4 baths ∙ 2,708 Sqft ∙ Built 2001
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LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,850
- $1.05
-
14356 E Geronimo Road Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2002
![property image]()
LEASED 08/19/20- Rent
- Rent Per SQFT
- $3,210
- $1.11
-
13945 E Gail Road Scottsdale, AZ 4
- 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1998
![property image]()
LEASED 01/01/20- Rent
- Rent Per SQFT
- $3,300
- $1.23
-
13777 E Lupine Avenue Scottsdale, AZ 5
- 3 beds 3 baths ∙ 2,836 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,836 Sqft ∙ Built 1994
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $3,700
- $1.30
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170722
Last Updated: 01/02/2021
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.
