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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $233.47
- 3 Days on Market
- MLS # : 6165223
- Updated Date : 11/28/2020 at 15:51
CONSTRUCTION
- Beds : 5
- Floor Size : 3,555 sqft
- Baths : 4 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Your own private resort: nestled in the foothills of the McDowell Mountains, fully renovated, contemporary home with stunning mountain views along the #4 fairway of Sunridge Canyon GC. Amazing outdoor amenities: 220 sf ramada with large 4K TV, pebble-tec, heated pool with water feature, covered patio and lighted bocce court. Located on a quiet cul-de-sac, this 5-bedroom, 41/2-bath home is perfect for entertaining, with soaring ceilings and a free-flowing open floor plan.
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PRICE & RENT TRENDS
Neighborhood: Sunridge Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunridge Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,170 |
| EXPENSES | Loan Payment | -$3,062 |
| Property Tax | -$416 | |
| Property Insurance | -$96 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$521
|
||
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.
$830,000
PROJECTED PRICE
$3,170
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 1.7% |
| 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
$225,700
LOAN DETAILS
$3,062
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $207,500 |
| Loan Amount | $622,500 |
2.42
YEARS SAVED
$18,230
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,170
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$3,614
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
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15434 E Acacia Way Fountain Hills, AZ 2
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- Rent
- Rent Per SQFT
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16030 E Seminole Lane Fountain Hills, AZ 1
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LEASED 08/28/19- Rent
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- $2,995
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-
12631 N Sumac Drive Fountain Hills, AZ 3
- 5 beds 3 baths ∙ 3,505 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,505 Sqft ∙ Built 1999
LEASED 08/09/20- Rent
- Rent Per SQFT
- $3,750
- $1.07
-
12388 N 145th Way Scottsdale, AZ 4
- 4 beds 5 baths ∙ 3,580 Sqft ∙ Built 2005 4 beds 5 baths ∙ 3,580 Sqft ∙ Built 2005
LEASED 08/01/19- Rent
- Rent Per SQFT
- $3,900
- $1.09
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165223
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.
