Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $329.60
- 3 Days on Market
- MLS # : 6165398
- Updated Date : 11/27/2020 at 16:13
CONSTRUCTION
- Beds : 2
- Floor Size : 1,456 sqft
- Baths : 2 full
Listing Agent
Re/max Advantage
Listing Agent's Description
Welcome home to the highly desirable gated Courtyards at Market Street in DC Ranch. This 2 bedroom plus den/office, 2 bathroom, 2-level townhouse has an attached direct entry 2 car garage and is located in a prime location next to Market Street shops. With direct access to the walking trails, you are just a short walk to the community pool/spa and Market Street shopping and dining. This is arguably one of the best locations in DC Ranch and offers tremendous convenience to enjoy all of what DC Ranch offers! You don't want to miss this opportunity! Upon entering this 1,456 sf townhouse you will immediately notice the abundance of natural light, open and spacious floor plan, and the freshly painted interior walls. The great room, dining room, and kitchen are open and great for entertaining.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: The Courtyards at Market Street
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Courtyards at Market Street
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,390 |
| EXPENSES | Loan Payment | -$1,771 |
| Property Tax | -$282 | |
| Property Insurance | -$56 | |
| HOA | -$545 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$362
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$479,900
PROJECTED PRICE
$2,390
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | -0.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| 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
$132,924
LOAN DETAILS
$1,771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $119,975 |
| Loan Amount | $359,925 |
1.33
YEARS SAVED
$3,422
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,195
COMP ESTIMATED VALUE -
$1.51
COMP AVG. RENT PER SQFT
Comps Range
-
20704 N 90th Place #1009 Scottsdale, AZ 1
- 2 beds 2 baths ∙ 1,456 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,456 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
20801 N 90th Place #256 Scottsdale, AZ 2
- 2 beds 2 baths ∙ 1,298 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,298 Sqft ∙ Built 2000
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,800
- $1.39
-
20801 N 90th Place #257 Scottsdale, AZ 3
- 2 beds 2 baths ∙ 1,298 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,298 Sqft ∙ Built 2000
![property image]()
LEASED 09/10/20- Rent
- Rent Per SQFT
- $1,900
- $1.46
-
20704 N 90th Place #1057 Scottsdale, AZ 4
- 2 beds 2 baths ∙ 1,571 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,571 Sqft ∙ Built 2004
![property image]()
LEASED 08/20/21- Rent
- Rent Per SQFT
- $2,400
- $1.53
-
20704 N 90th Place #1020 Scottsdale, AZ 5
- 2 beds 2 baths ∙ 1,456 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,456 Sqft ∙ Built 2004
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,400
- $1.65
PROPERTY LISTING DETAILS
Re/max Advantage
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165398
Last Updated: 11/27/2020
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.
