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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $276.65
- 3 Days on Market
- MLS # : 6173347
- Updated Date : 01/03/2021 at 06:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,717 sqft
- Baths : 2 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
This is the ideal lock and leave home you have been waiting for! Located in the secluded and desirable gated community of Encantobella Scottsdale, this 3-beds, 2-baths, and 2-car garage has been recently updated. Desirable features? No interior steps, split floor plan, high ceilings, a very open great room for entertaining, and a luxurious backyard. New floors, paint, plantations shutters, appliances (dishwasher and convection oven microwave), HVAC, water heater. Garage has epoxy floors and an electric car charger. The low maintenance resort-like outdoor space with artificial turf includes a custom built in BBQ center, fireplace, covered patio and a soothing waterfall. Close proximity to SR51, Loop 101, and minutes from Kierland Commons and Paradise Valley Mall.
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PRICE & RENT TRENDS
Neighborhood: Encantobella
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Encantobella
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$1,753 |
| Property Tax | -$355 | |
| Property Insurance | -$61 | |
| HOA | -$105 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$53
|
||
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.
$475,000
PROJECTED PRICE
$2,320
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.0% |
| 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
$131,625
LOAN DETAILS
$1,753
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
4.58
YEARS SAVED
$26,112
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,320
LIST RENT -
$1.35
LIST RENT PER SQFT
-
$2,215
COMP ESTIMATED VALUE -
$1.29
COMP AVG. RENT PER SQFT
Comps Range
-
16822 N 50th Way Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2002
![property image]()
- Rent
- Rent Per SQFT
- $2,320
- $1.35
-
16613 N 49th Way Scottsdale, AZ 1
- 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2001
![property image]()
LEASED 04/28/20- Rent
- Rent Per SQFT
- $2,095
- $1.22
-
15852 N 50th Street Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1988
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,195
- $1.36
-
16946 N 49th Way Scottsdale, AZ 3
- 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2002
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,200
- $1.28
-
4901 E Paradise Lane Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1987
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,375
- $1.30
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173347
Last Updated: 01/03/2021
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.
