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 1996
- Price/Sqft : $406.95
- 3 Days on Market
- MLS # : 6180366
- Updated Date : 01/22/2021 at 22:55
CONSTRUCTION
- Beds : 4
- Floor Size : 3,192 sqft
- Baths : 3 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Back on market due to non performance of buyer. No AMAZING COMPLETE REMODEL WITH A BRAND NEW POOL. This home sits high up on the hill of Scottsdale Mountain with 360 degree views of the Valley. We have taken down walls to give the home the open space living. A new multi slide pocket door leading to the sparkling pool gives the home the indoor/outdoor feel. NEW WINDOWS, NEW HVAC SYSTEM and so much more...This home is almost complete and is already a show stopper.
SEE MORE
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 | $4,250 |
| EXPENSES | Loan Payment | -$4,512 |
| Property Tax | -$745 | |
| Property Insurance | -$89 | |
| HOA | -$27 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,222
|
||
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.
$1,299,000
PROJECTED PRICE
$4,250
PROJECTED RENT
0.33%
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
$349,985
LOAN DETAILS
$4,512
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $324,750 |
| Loan Amount | $974,250 |
1
YEARS SAVED
$5,212
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,250
LIST RENT -
$1.33
LIST RENT PER SQFT
-
$3,687
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
-
13735 E Columbine Drive Scottsdale, AZ 5
- 4 beds 3 baths ∙ 3,192 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,192 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $4,250
- $1.33
-
12847 E Wethersfield Road Scottsdale, AZ 1
- 3 beds 3 baths ∙ 2,870 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,870 Sqft ∙ Built 1998
![property image]()
LEASED 05/28/20- Rent
- Rent Per SQFT
- $3,100
- $1.08
-
14356 E Geronimo Road Scottsdale, AZ 2
- 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
-
13857 E Kalil Drive Scottsdale, AZ 3
- 5 beds 3 baths ∙ 3,233 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,233 Sqft ∙ Built 1994
![property image]()
LEASED 09/13/19- Rent
- Rent Per SQFT
- $3,395
- $1.05
-
12840 E Wethersfield Road Scottsdale, AZ 4
- 5 beds 4 baths ∙ 3,037 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,037 Sqft ∙ Built 1998
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $4,200
- $1.38
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180366
Last Updated: 01/22/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
