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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $236.81
- 4 Days on Market
- MLS # : 6173043
- Updated Date : 12/24/2020 at 12:02
CONSTRUCTION
- Beds : 5
- Floor Size : 3,374 sqft
- Baths : 3 full
Listing Agent
Keller Williams Arizona Realty
Listing Agent's Description
Located within a gated community in a prime Scottsdale location is this great family home that has been beautifully maintained by the original owners. The floor plan offers 5 bedrooms and 3 baths in 3374 SqFt. The living spaces include a front living room with 2-story ceilings, formal dining room with crown molding, family room with brick archway, custom built-ins and fireplace with brick surround; and spacious upstairs loft. The updated kitchen features an abundance of cabinetry, granite countertops, tile backsplash, gas cooktop, black appliances, large walk-in pantry, and oversized island with breakfast bar and pendant lighting. Sliding doors lead out to a private backyard complete with a sparkling saltwater pool with waterfall, easy-care artificial turf and view fencing. One bedroom*
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PRICE & RENT TRENDS
Neighborhood: Trails North at Horsemans Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Trails North at Horsemans Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,590 |
| EXPENSES | Loan Payment | -$2,948 |
| Property Tax | -$374 | |
| Property Insurance | -$93 | |
| HOA | -$31 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$45
|
||
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.
$799,000
PROJECTED PRICE
$3,590
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$217,485
LOAN DETAILS
$2,948
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $199,750 |
| Loan Amount | $599,250 |
5.75
YEARS SAVED
$62,210
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
-
$3,939
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
16778 N 98th Place Scottsdale, AZ 1
- 5 beds 3 baths ∙ 3,374 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,374 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $0
- $0.00
-
9900 E Bahia Drive Scottsdale, AZ 2
- 5 beds 3 baths ∙ 3,374 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,374 Sqft ∙ Built 2006
LEASED 06/15/20- Rent
- Rent Per SQFT
- $3,300
- $0.98
-
9326 E Canyon View Road Scottsdale, AZ 3
- 4 beds 5 baths ∙ 3,645 Sqft ∙ Built 2006 4 beds 5 baths ∙ 3,645 Sqft ∙ Built 2006
LEASED 11/01/20- Rent
- Rent Per SQFT
- $4,150
- $1.14
-
17360 N 96th Way Scottsdale, AZ 4
- 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 2017
LEASED 12/12/19- Rent
- Rent Per SQFT
- $4,200
- $1.32
-
18443 N 94th Way Scottsdale, AZ 5
- 4 beds 5 baths ∙ 3,645 Sqft ∙ Built 2006 4 beds 5 baths ∙ 3,645 Sqft ∙ Built 2006
LEASED 10/04/19- Rent
- Rent Per SQFT
- $4,500
- $1.23
PROPERTY LISTING DETAILS
Keller Williams Arizona Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173043
Last Updated: 12/24/2020
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.
