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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $441.63
- 2 Days on Market
- MLS # : 6186385
- Updated Date : 01/31/2021 at 02:15
CONSTRUCTION
- Beds : 3
- Floor Size : 2,253 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Fine Properties
Listing Agent's Description
Situated on corner lot facing grassy park, this picturesque Windgate Ranch home features stunning mountain views, open floor plan and modernized decor. This home's recently painted interior, custom iron and glass doors, sleek black light fixtures and hardware truly make it stand out. Refreshed kitchen offers porcelain tile backsplash, butler pantry, 2 beverage drawers and island featuring new sink, quartz counters and white beadboard. Great room boasts linear fireplace featuring hand-laid white plank surround. The home's indoor/outdoor living space is separated by 20ft sliding glass doors offering unobstructed mountain views. The backyard features covered patio including gas fireplace, sparkling pool w/custom water/fire features, custom firepit and fantastic views.
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PRICE & RENT TRENDS
Neighborhood: McDowell Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: McDowell Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,370 |
| EXPENSES | Loan Payment | -$3,456 |
| Property Tax | -$465 | |
| Property Insurance | -$71 | |
| HOA | -$320 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,041
|
||
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.
$995,000
PROJECTED PRICE
$3,370
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.0% |
| 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
$269,425
LOAN DETAILS
$3,456
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $248,750 |
| Loan Amount | $746,250 |
0.58
YEARS SAVED
$1,885
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
-
$3,120
COMP ESTIMATED VALUE -
$1.39
COMP AVG. RENT PER SQFT
Comps Range
-
17555 N 97th Street Scottsdale, AZ 1
- 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $0
- $0.00
-
16668 N 98th Place Scottsdale, AZ 2
- 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2006
LEASED 06/05/20- Rent
- Rent Per SQFT
- $3,000
- $1.28
-
9822 E Cosmos Circle Scottsdale, AZ 3
- 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2003
LEASED 06/28/20- Rent
- Rent Per SQFT
- $3,100
- $1.34
-
16650 N 98th Place Scottsdale, AZ 4
- 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2006
LEASED 12/27/20- Rent
- Rent Per SQFT
- $3,200
- $1.36
-
17749 N 93rd Way Scottsdale, AZ 5
- 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 2007
LEASED 02/21/20- Rent
- Rent Per SQFT
- $3,500
- $1.56
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186385
Last Updated: 01/31/2021
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.
