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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $279.56
- 3 Days on Market
- MLS # : 6199645
- Updated Date : 02/27/2021 at 16:35
CONSTRUCTION
- Beds : 3
- Floor Size : 2,343 sqft
- Baths : 2 full , 1 half
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Well maintained and perfectly sized, this Echo Ridge residence was built during Phase 2 which included an updated floor plan and boasts over 2,300 square feet of interior living space. All furnishings are available! The beautifully decorated private backyard hosts a well sized pebble finish pool with mature landscape surround, large covered patio with travertine hardscape, built-in barbecue, stacked stone accents, and direct access from the living room, master and kitchen. The large working kitchen has a center island, white cabinetry, granite counters, stainless steel appliances, dedicated pantry, built-in desk/mail center, and a built-in breakfast table.
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PRICE & RENT TRENDS
Neighborhood: Echo Ridge at Troon North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Echo Ridge at Troon North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,790 |
| EXPENSES | Loan Payment | -$2,275 |
| Property Tax | -$306 | |
| Property Insurance | -$73 | |
| HOA | -$2 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$35
|
||
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.
$655,000
PROJECTED PRICE
$2,790
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 3.7% |
| 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
$179,325
LOAN DETAILS
$2,275
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $163,750 |
| Loan Amount | $491,250 |
5.58
YEARS SAVED
$40,640
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,790
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$3,017
COMP ESTIMATED VALUE -
$1.29
COMP AVG. RENT PER SQFT
Comps Range
-
27847 N 111th Street Scottsdale, AZ 2
- 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,790
- $1.19
-
11175 E Blue Sky Drive Scottsdale, AZ 1
- 3 beds 2 baths ∙ 2,311 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,311 Sqft ∙ Built 1994
LEASED 02/07/21- Rent
- Rent Per SQFT
- $2,500
- $1.08
-
10764 E Greythorn Drive Scottsdale, AZ 3
- 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2000
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,895
- $1.30
-
28873 N 111th Place Scottsdale, AZ 4
- 3 beds 3 baths ∙ 2,421 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,421 Sqft ∙ Built 1998
LEASED 10/01/19- Rent
- Rent Per SQFT
- $3,000
- $1.24
-
11063 E Greythorn Drive Scottsdale, AZ 5
- 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 1992
LEASED 12/18/20- Rent
- Rent Per SQFT
- $3,850
- $1.53
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199645
Last Updated: 02/27/2021
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.
