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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $277.02
- 3 Days on Market
- MLS # : 6167650
- Updated Date : 12/05/2020 at 18:51
CONSTRUCTION
- Beds : 4
- Floor Size : 2,776 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
This beautiful 4 bed, 2 .5 bath, 3 car garage home, is located in the highly sought after community of Canada Ridge, located just off Pinnacle Peak & Pima. Soaring ceilings, Formal living & dining rooms. Plush carpeting, wood, and slate tile flooring in all the right places. The stunning eat-in kitchen has beautiful two-tone cabinets with gold hardware, Quartz counters, SS appliances, built-in desk, and a pantry. The family room has a built-in media niche adjacent to the powder room, which has a closet and could easily be converted into a downstairs 5th bedroom. The master bedroom has access to a private balcony with amazing mountain views. The en-suite includes a double vanity, Japanese soaking tub, seamless tiled shower, and a generous sized walk-in closet. (More in the Documents Tab)
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PRICE & RENT TRENDS
Neighborhood: Canada Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canada Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,310 |
| EXPENSES | Loan Payment | -$2,837 |
| Property Tax | -$360 | |
| Property Insurance | -$81 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$88
|
||
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.
$769,000
PROJECTED PRICE
$3,310
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 2.5% |
| 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
$209,535
LOAN DETAILS
$2,837
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $192,250 |
| Loan Amount | $576,750 |
4.92
YEARS SAVED
$45,641
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,310
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$3,532
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
-
23131 N 90th Way Scottsdale, AZ 2
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- Rent
- Rent Per SQFT
- $3,310
- $1.19
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9413 E Calle De Valle Drive Scottsdale, AZ 1
- 3 beds 3 baths ∙ 2,584 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,584 Sqft ∙ Built 2000
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,895
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23026 N Las Lavatas Road Scottsdale, AZ 3
- 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 1998
LEASED 07/15/20- Rent
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- $3,500
- $1.17
-
9112 E Los Gatos Drive Scottsdale, AZ 4
- 4 beds 3 baths ∙ 2,769 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,769 Sqft ∙ Built 1994
LEASED 08/05/20- Rent
- Rent Per SQFT
- $3,950
- $1.43
-
22012 N Los Caballos Drive Scottsdale, AZ 5
- 3 beds 4 baths ∙ 2,919 Sqft ∙ Built 1987 3 beds 4 baths ∙ 2,919 Sqft ∙ Built 1987
LEASED 11/13/20- Rent
- Rent Per SQFT
- $4,000
- $1.37
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167650
Last Updated: 12/05/2020
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.
