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 1989
- Price/Sqft : $303.33
- 2 Days on Market
- MLS # : 6206896
- Updated Date : 03/13/2021 at 14:54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,736 sqft
- Baths : 3 full
Listing Agent
Those Callaways
Listing Agent's Description
THE TOTAL PACKAGE. A terrific tri-level sitting on over a quarter ACRE, this stunning Magic Zip Code remodel exudes style and grace with so much space! Watch the sunrise and sunset from separate grand balconies. A covered entry reveals vaulted ceilings that soar over the living and dining rooms. Through an arched passageway, you'll find the eat-in kitchen dressed in Quartz counters, with plentiful cabinetry and a sunlit breakfast nook. A few steps down invite you into the generous family room with a bar, fireplace and patio access. The split plan features bedrooms on both levels with an upper-level master suite and all remodeled baths. The covered and open-air patios are backdropped by an expansive lawn, pebble-finish pool and mountain views. RV gate & parking. Tour it before it's gone!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: La Paz at Desert Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: La Paz at Desert Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,140 |
| EXPENSES | Loan Payment | -$2,883 |
| Property Tax | -$621 | |
| Property Insurance | -$81 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$543
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$829,900
PROJECTED PRICE
$3,140
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$225,674
LOAN DETAILS
$2,883
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $207,475 |
| Loan Amount | $622,425 |
2
YEARS SAVED
$10,744
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,468
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
-
14227 N 57th Way Scottsdale, AZ 1
- 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1989
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6153 E Hillery Drive Scottsdale, AZ 2
- 4 beds 2 baths ∙ 2,632 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,632 Sqft ∙ Built 1989
![property image]()
LEASED 10/26/20- Rent
- Rent Per SQFT
- $3,000
- $1.14
-
6236 E Acoma Drive Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1993
![property image]()
LEASED 03/01/21- Rent
- Rent Per SQFT
- $3,200
- $1.31
-
6112 E Karen Drive Scottsdale, AZ 4
- 4 beds 2 baths ∙ 2,585 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,585 Sqft ∙ Built 1996
![property image]()
LEASED 11/25/19- Rent
- Rent Per SQFT
- $3,350
- $1.30
-
13840 N 57th Way Scottsdale, AZ 5
- 5 beds 3 baths ∙ 2,655 Sqft ∙ Built 1981 5 beds 3 baths ∙ 2,655 Sqft ∙ Built 1981
![property image]()
LEASED 08/07/20- Rent
- Rent Per SQFT
- $3,500
- $1.32
PROPERTY LISTING DETAILS
Those Callaways
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6206896
Last Updated: 03/13/2021
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.
