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 2019
- Price/Sqft : $281.04
- 6 Days on Market
- MLS # : 6166398
- Updated Date : 12/04/2020 at 12:14
CONSTRUCTION
- Beds : 2
- Floor Size : 1,957 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Fine Properties
Listing Agent's Description
Stunning and modern curb appeal! Gorgeous tile throughout home with open floor plan and plenty of windows to fill the home with light. Large center island in kitchen, beautiful quartz counters (in baths as well), all stainless steel appliances, gas range cooktop and gorgeous tile backsplash. Glass door off the family room leads to private and peaceful back patio. Upstairs landing can be used as gym, playroom, office or flex area. Home contains dual master bedrooms with en suites both featuring dual sinks and gorgeous walk-in showers with immaculate and modern tiling. This is a must see and will not last long!
SEE MORE
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 | $2,620 |
| EXPENSES | Loan Payment | -$2,029 |
| Property Tax | -$409 | |
| Property Insurance | -$65 | |
| HOA | -$189 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$172
|
||
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.
$550,000
PROJECTED PRICE
$2,620
PROJECTED RENT
0.48%
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
$147,750
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
3.58
YEARS SAVED
$20,400
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,620
LIST RENT -
$1.34
LIST RENT PER SQFT
-
$2,622
COMP ESTIMATED VALUE -
$1.34
COMP AVG. RENT PER SQFT
Comps Range
-
23383 N 73rd Way Scottsdale, AZ 1
- 2 beds 3 baths ∙ 1,957 Sqft ∙ Built 2019 2 beds 3 baths ∙ 1,957 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $2,620
- $1.34
-
7932 E Feathersong Lane Scottsdale, AZ 2
- 2 beds 3 baths ∙ 2,242 Sqft ∙ Built 2000 2 beds 3 baths ∙ 2,242 Sqft ∙ Built 2000
LEASED 07/01/19- Rent
- Rent Per SQFT
- $3,000
- $1.34
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166398
Last Updated: 12/04/2020
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.
