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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $310.26
- 2 Days on Market
- MLS # : 6176431
- Updated Date : 01/02/2021 at 19:59
CONSTRUCTION
- Beds : 3
- Floor Size : 3,207 sqft
- Baths : 2 full , 1 half
Listing Agent
Trelora Realty
Listing Agent's Description
Do not miss your opportunity to see this beautiful 3 bedroom 2.5 bath home in North Scottsdale! You can't go wrong with these beautiful mountain views. Located in Troon Ridge Estates, this home has a nice feel of being away from the city while still being close enough for everything you need. When you walk through the front door you will see a gorgeous open concept living area with breath taking views out the back windows. You won't be disappointed with the spacious kitchen and bedrooms. With everything this home has to offer, don't wait. Schedule a showing today!
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PRICE & RENT TRENDS
Neighborhood: Troon Ridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Troon Ridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,520 |
| EXPENSES | Loan Payment | -$3,671 |
| Property Tax | -$465 | |
| Property Insurance | -$90 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$191
|
||
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.
$995,000
PROJECTED PRICE
$4,520
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 3.9% |
| 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
$269,425
LOAN DETAILS
$3,671
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $248,750 |
| Loan Amount | $746,250 |
6.5
YEARS SAVED
$90,295
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
-
$3,993
COMP ESTIMATED VALUE -
$1.25
COMP AVG. RENT PER SQFT
Comps Range
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24034 N 112th Way Scottsdale, AZ 1
- 3 beds 3 baths ∙ 3,207 Sqft ∙ Built 1993 3 beds 3 baths ∙ 3,207 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $0
- $0.00
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11015 E Desert Vista Drive Scottsdale, AZ 2
- 3 beds 3 baths ∙ 3,067 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,067 Sqft ∙ Built 1996
LEASED 11/01/20- Rent
- Rent Per SQFT
- $3,800
- $1.24
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11847 E Chama Road Scottsdale, AZ 3
- 4 beds 3 baths ∙ 3,305 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,305 Sqft ∙ Built 1992
LEASED 06/01/20- Rent
- Rent Per SQFT
- $3,900
- $1.18
-
11669 E Parkview Lane Scottsdale, AZ 4
- 3 beds 3 baths ∙ 3,094 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,094 Sqft ∙ Built 1996
LEASED 09/27/20- Rent
- Rent Per SQFT
- $3,990
- $1.29
-
24764 N 117th Street Scottsdale, AZ 5
- 4 beds 3 baths ∙ 3,305 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,305 Sqft ∙ Built 1992
LEASED 07/01/20- Rent
- Rent Per SQFT
- $4,200
- $1.27
PROPERTY LISTING DETAILS
Trelora Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176431
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
