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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $354.31
- 2 Days on Market
- MLS # : 6184254
- Updated Date : 01/23/2021 at 14:12
CONSTRUCTION
- Beds : 5
- Floor Size : 4,657 sqft
- Baths : 3 full , 1 half
Listing Agent
Re/max Fine Properties
Listing Agent's Description
ONE OF A KIND IN WINDGATE! Custom designer finishes throughout this home that sits on 1/3 ACRE lot!! One of the biggest lots in the community. Highly sought after floorplan, this is home features 5 bedrooms upstairs + a private office downstairs. The great room has real wood beams, custom built-ins + designer grade drapery that connects to the kitchen featuring two tone cabinetry + upgraded appliances. The formal living + dining spaces feature a gas fireplace with modern wood details. Throughout the entire home you'll find Restoration Hardware lighting, surround sound, wood shutters and so much more. Resort style backyard boasts an oversized heated pool, fireplace, detached ramada, automated solar shade, mature trees + wall to wall turf. The upgrades are endless!!! See doc
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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 | $6,070 |
| EXPENSES | Loan Payment | -$5,731 |
| Property Tax | -$772 | |
| Property Insurance | -$118 | |
| HOA | -$320 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$970
|
||
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.
$1,650,000
PROJECTED PRICE
$6,070
PROJECTED RENT
0.37%
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
$443,000
LOAN DETAILS
$5,731
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $412,500 |
| Loan Amount | $1,237,500 |
2.33
YEARS SAVED
$27,362
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$6,070
LIST RENT -
$1.3
LIST RENT PER SQFT
-
$6,458
COMP ESTIMATED VALUE -
$1.39
COMP AVG. RENT PER SQFT
Comps Range
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17590 N 97th Place Scottsdale, AZ 2
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- Rent Per SQFT
- $6,070
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-
17934 N 100th Street Scottsdale, AZ 1
- 4 beds 5 baths ∙ 4,539 Sqft ∙ Built 2007 4 beds 5 baths ∙ 4,539 Sqft ∙ Built 2007
LEASED 05/23/20- Rent
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- $6,000
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8801 E Rimrock Drive Scottsdale, AZ 3
- 5 beds 3 baths ∙ 4,370 Sqft ∙ Built 2001 5 beds 3 baths ∙ 4,370 Sqft ∙ Built 2001
LEASED 01/20/21- Rent
- Rent Per SQFT
- $6,300
- $1.44
-
10089 E Ridgerunner Drive Scottsdale, AZ 4
- 5 beds 4 baths ∙ 4,657 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,657 Sqft ∙ Built 2007
LEASED 07/01/20- Rent
- Rent Per SQFT
- $6,500
- $1.40
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184254
Last Updated: 01/23/2021
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.
