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PROPERTY INFO
FACTS
- Built In 2019
- Price/Sqft : $376.24
- 5 Days on Market
- MLS # : 6155229
- Updated Date : 11/05/2020 at 15:29
CONSTRUCTION
- Beds : 3
- Floor Size : 2,113 sqft
- Baths : 3 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
This new luxury villa has every upgrade possible. White ice quartz covers the waterfall island with upgraded GE Monogram appliances in the gourmet kitchen. The open floorpan is split with a spacious master suite in the back of the house. The patio is accessed by a 15 ft multi-slide door which is wired for TV and sound. Each of the front bedrooms have their own bathrooms. Enter from the garage past the key drop in the mud room and laundry. Home is wired with external monitoring of security and temperature control through BlackHat Security. Every conceivable upgrade was added to this home.
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PRICE & RENT TRENDS
Neighborhood: Grayhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Grayhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,070 |
| EXPENSES | Loan Payment | -$2,933 |
| Property Tax | -$592 | |
| Property Insurance | -$68 | |
| HOA | -$258 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$880
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$795,000
PROJECTED PRICE
$3,070
PROJECTED RENT
0.39%
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) | 3.00% |
| 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
$212,675
LOAN DETAILS
$2,933
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $198,750 |
| Loan Amount | $596,250 |
0.5
YEARS SAVED
$1,443
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,070
LIST RENT -
$1.45
LIST RENT PER SQFT
-
$3,064
COMP ESTIMATED VALUE -
$1.45
COMP AVG. RENT PER SQFT
Comps Range
-
23378 N 74th Place Scottsdale, AZ 3
- 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2019
![property image]()
- Rent
- Rent Per SQFT
- $3,070
- $1.45
-
7332 E Vista Bonita Drive Scottsdale, AZ 1
- 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 2018
![property image]()
LEASED 08/28/20- Rent
- Rent Per SQFT
- $2,395
- $1.22
-
7326 E Vista Bonita Drive Scottsdale, AZ 2
- 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 2018
![property image]()
LEASED 12/01/19- Rent
- Rent Per SQFT
- $2,895
- $1.48
-
7351 E Vista Bonita Drive Scottsdale, AZ 4
- 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 2018
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $3,100
- $1.58
-
23265 N 73rd Way Scottsdale, AZ 5
- 3 beds 3 baths ∙ 2,109 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,109 Sqft ∙ Built 2019
![property image]()
LEASED 12/01/19- Rent
- Rent Per SQFT
- $3,200
- $1.52
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6155229
Last Updated: 11/05/2020
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.
