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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $281.59
- 4 Days on Market
- MLS # : 6166650
- Updated Date : 12/03/2020 at 17:02
CONSTRUCTION
- Beds : 3
- Floor Size : 2,184 sqft
- Baths : 2 full
Listing Agent
Arizona Elite Properties
Listing Agent's Description
Fantastic Scottsdale Location with no HOA. This beautiful home boasts an open floor plan, tasteful upgrades & backyard paradise! This home is situated on a large lot at the end of the street with superb privacy & quiet. Upgrades throughout-flooring, shutters, stainless steel appliances, granite counters, maple cabinets with pullouts, bar/beverage station with wine fridge, peninsula fireplace plus fully renovated/upgraded bathrooms & more! The Master Suite includes walk-in closet, bath with double sinks & separate jetted tub & shower, large sitting area & private exit to back yard. Kitchen & family room overlook the huge covered patio & beautiful back yard with sparkling pool and huge grassy area..great for family fun and relaxation. RV Gate opens to side yard with space for all your toys.
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,470 |
| EXPENSES | Loan Payment | -$2,269 |
| Property Tax | -$460 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$428
|
||
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.
$615,000
PROJECTED PRICE
$2,470
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.5% |
| 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
$168,725
LOAN DETAILS
$2,269
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $153,750 |
| Loan Amount | $461,250 |
2.08
YEARS SAVED
$10,025
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
-
$2,670
COMP ESTIMATED VALUE -
$1.22
COMP AVG. RENT PER SQFT
Comps Range
-
17429 N 58th Street Scottsdale, AZ 1
- 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5655 E Anderson Drive Scottsdale, AZ 2
- 4 beds 2 baths ∙ 2,102 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,102 Sqft ∙ Built 1985
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,200
- $1.05
-
Scottsdale, AZ 3
- 3 beds 3 baths ∙ 2,104 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,104 Sqft ∙ Built 1987
LEASED 07/14/20- Rent
- Rent Per SQFT
- $2,500
- $1.19
-
16621 N 59th Place Scottsdale, AZ 4
- 3 beds 3 baths ∙ 2,168 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,168 Sqft ∙ Built 1988
LEASED 06/15/20- Rent
- Rent Per SQFT
- $2,795
- $1.29
-
5724 E Campo Bello Drive Scottsdale, AZ 5
- 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1985
LEASED 11/13/20- Rent
- Rent Per SQFT
- $2,850
- $1.36
PROPERTY LISTING DETAILS
Arizona Elite Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166650
Last Updated: 12/03/2020
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.
