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PROPERTY INFO
FACTS
- Single Family
- Built In 1959
- Price/Sqft : $336.59
- 2 Days on Market
- MLS # : 6181793
- Updated Date : 01/16/2021 at 00:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,047 sqft
- Baths : 3 full
Listing Agent
Srl Group
Listing Agent's Description
SOUTH SCOTTSDALE FULL REMODEL JUST COMPLETED! 3BDRM/3 BATH, ALL NEW GOURMET KITCHEN, CUSTOM CABINETS, SLAB QUARTZ, ALL NEW APPLIANCES, WOOD TILE THRU OUT, LED CAN LIGHTING, LARGE NEW BATHROOMS, FORMAL DINING, LIVING ROOM , FAMILY ROOM. LARGE LAUNDRY ROOM. NEW A/C, BASEBOARDS AND DOORS. NEW HARDWARE AND FIXTURES. NEW SPARKLING POOL AND EQUIPMENT. NEW LANDSCAPING INCLUDES PAVERS FRONT AND BACKYARD, GREEN GRASS AND CITRUS TREES. ALL OF THIS IN THE HEART OF OLD TOWN SCOTTSDALE.
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PRICE & RENT TRENDS
Neighborhood: Indian Bend
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Indian Bend
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,590 |
| EXPENSES | Loan Payment | -$2,393 |
| Property Tax | -$322 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$291
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$689,000
PROJECTED PRICE
$2,590
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$188,335
LOAN DETAILS
$2,393
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $172,250 |
| Loan Amount | $516,750 |
3.5
YEARS SAVED
$21,105
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,590
LIST RENT -
$1.27
LIST RENT PER SQFT
-
$3,163
COMP ESTIMATED VALUE -
$1.55
COMP AVG. RENT PER SQFT
Comps Range
-
2802 N Granite Reef Road Scottsdale, AZ 1
- 3 beds 3 baths ∙ 2,047 Sqft ∙ Built 1959 3 beds 3 baths ∙ 2,047 Sqft ∙ Built 1959
- Rent
- Rent Per SQFT
- $2,590
- $1.27
-
8117 E Lewis Avenue Scottsdale, AZ 2
- 4 beds 3 baths ∙ 1,921 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,921 Sqft ∙ Built 1961
LEASED 10/30/20- Rent
- Rent Per SQFT
- $2,800
- $1.46
-
3032 N 81st Place Scottsdale, AZ 3
- 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 1967
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,995
- $1.51
-
2330 N Granite Reef Road Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1959
LEASED 06/01/20- Rent
- Rent Per SQFT
- $3,150
- $1.65
-
3144 N 84th Place Scottsdale, AZ 5
- 4 beds 2 baths ∙ 2,241 Sqft ∙ Built 1967 4 beds 2 baths ∙ 2,241 Sqft ∙ Built 1967
LEASED 07/07/20- Rent
- Rent Per SQFT
- $3,500
- $1.56
PROPERTY LISTING DETAILS
Srl Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181793
Last Updated: 01/16/2021
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.
