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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $364.96
- 2 Days on Market
- MLS # : 6190779
- Updated Date : 02/06/2021 at 03:24
CONSTRUCTION
- Beds : 5
- Floor Size : 4,384 sqft
- Baths : 4 full , 1 half
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Spectacular single level custom home in Pinnacle Peak Estates has gorgeous mountain views & natural desert surroundings on a perfectly private cul-de-sac lot. A cool neutral color palette with custom paint throughout, furniture grade cabinetry & elegant finishes make this home engaging from start to finish. Split master floor plan features formal living, dining & family room with stacked stone fireplace & adjoining wine bar/butler pantry. Open floor plan creates multiple gathering spaces including the beautifully updated chef's kitchen. The north wing features expansive yet intimate owners' retreat with sitting area & luxurious spa bath. Additionally there is a nicely appointed guest suite with private bath. In the south wing you will find a second full suite plus two large bedrooms, hall
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PRICE & RENT TRENDS
Neighborhood: Pinnacle Peak Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pinnacle Peak Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $5,570 |
| EXPENSES | Loan Payment | -$5,557 |
| Property Tax | -$1,191 | |
| Property Insurance | -$113 | |
| HOA | -$2 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,392
|
||
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.
$1,600,000
PROJECTED PRICE
$5,570
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 1.1% |
| 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
$429,750
LOAN DETAILS
$5,557
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $400,000 |
| Loan Amount | $1,200,000 |
1.17
YEARS SAVED
$8,061
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
-
$5,557
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
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23429 N 82nd Street Scottsdale, AZ 1
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- $4,500
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LEASED 07/14/20- Rent
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- $5,000
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7895 E Softwind Drive Scottsdale, AZ 4
- 5 beds 4 baths ∙ 4,278 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,278 Sqft ∙ Built 2001
LEASED 05/01/20- Rent
- Rent Per SQFT
- $5,250
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8448 E Via Montoya -- Scottsdale, AZ 5
- 6 beds 5 baths ∙ 4,400 Sqft ∙ Built 1997 6 beds 5 baths ∙ 4,400 Sqft ∙ Built 1997
LEASED 03/27/20- Rent
- Rent Per SQFT
- $6,550
- $1.49
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190779
Last Updated: 02/06/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
