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PROPERTY INFO
FACTS
- Built In 1989
- Price/Sqft : $317.87
- 1 Days on Market
- MLS # : 6155376
- Updated Date : 11/02/2020 at 22:46
CONSTRUCTION
- Beds : 4
- Floor Size : 2,199 sqft
- Baths : 3 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Sought after Ironwood Village! Great Scottsdale Location, just a hop and skip away from a walk around DC Ranch Marketplace/Market Street! The moment you walk into this recently updated home, the soaring ceilings, updated wide plank wood-like tile floors, to the breathtaking beautiful remodeled kitchen, you will want to call this home! The kitchen has stainless appliances, new cabinets, farm sink, granite counters, breakfast-bar, and eat in kitchen. There is a large family room with a fireplace and an entrance to walk out to your beautiful patio/private pool with pool safety cover/net, also featuring a backyard built in BBQ, and your own putting green! This 4 bedroom, 3 bath home has one bedroom and bath on the first floor with a private entrance to pool/patio.
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PRICE & RENT TRENDS
Neighborhood: Cliffs at Ironwood Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cliffs at Ironwood Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,660 |
| EXPENSES | Loan Payment | -$2,579 |
| Property Tax | -$327 | |
| Property Insurance | -$70 | |
| HOA | -$7 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$422
|
||
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.
$699,000
PROJECTED PRICE
$2,660
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.5% |
| 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
$190,985
LOAN DETAILS
$2,579
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,750 |
| Loan Amount | $524,250 |
2.58
YEARS SAVED
$16,953
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
-
$2,842
COMP ESTIMATED VALUE -
$1.29
COMP AVG. RENT PER SQFT
Comps Range
-
18920 N 90th Place N Scottsdale, AZ 1
- 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $0
- $0.00
-
9441 E Rosemonte Drive Scottsdale, AZ 2
- 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 1991
LEASED 09/01/19- Rent
- Rent Per SQFT
- $2,600
- $1.30
-
18776 N 90th Place Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 1994
LEASED 09/01/19- Rent
- Rent Per SQFT
- $2,900
- $1.25
-
18526 N 94th Street Scottsdale, AZ 4
- 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2009
LEASED 05/27/20- Rent
- Rent Per SQFT
- $3,000
- $1.27
-
18862 N 93rd Street Scottsdale, AZ 5
- 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 1990
LEASED 01/01/20- Rent
- Rent Per SQFT
- $3,100
- $1.35
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6155376
Last Updated: 11/02/2020
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.
