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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $212.70
- 3 Days on Market
- MLS # : 6181074
- Updated Date : 01/15/2021 at 21:03
CONSTRUCTION
- Beds : 4
- Floor Size : 3,150 sqft
- Baths : 3 full , 1 half
Listing Agent
Re/max Fine Properties
Listing Agent's Description
Immaculate home on 1+ acres. East facing backyard, which is most desirable in the area, gives you captivating views of the mountain ranges. Sunsets on the mountains are vibrant colors and sunrises over Four Peaks are magical! Great room floorplan, vega poles in living room with fireplace for a nice accent. Nice sized eat in area with lots of extra seating at breakfast bar. Lots of counter space and center island make entertaining a breeze. Oversized master bedroom and ladies will love the closet. En-suite bedroom with separate bath is perfect for guests. Lots of potential in walled in backyard with view fencing. Plenty of room to add a pool, guest house, workshop or outside wall area, there is room for small horse setup.Only 10 min. to the Verde River Recreational area, golfing, and dining
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PRICE & RENT TRENDS
Zip Code: 85262
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85262
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,890 |
| EXPENSES | Loan Payment | -$2,327 |
| Property Tax | -$225 | |
| Property Insurance | -$89 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$150
|
||
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.
$670,000
PROJECTED PRICE
$2,890
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 2.2% |
| 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
$183,300
LOAN DETAILS
$2,327
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $167,500 |
| Loan Amount | $502,500 |
6.58
YEARS SAVED
$53,276
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
-
$3,292
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
29903 N 153rd Place Scottsdale, AZ 1
- 4 beds 4 baths ∙ 3,150 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,150 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
28713 N 148th Street Scottsdale, AZ 2
- 3 beds 3 baths ∙ 3,200 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,200 Sqft ∙ Built 1999
![property image]()
LEASED 05/22/20- Rent
- Rent Per SQFT
- $3,500
- $1.09
-
29525 N 164th Place Scottsdale, AZ 3
- 3 beds 3 baths ∙ 3,495 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,495 Sqft ∙ Built 2006
![property image]()
LEASED 12/28/20- Rent
- Rent Per SQFT
- $3,500
- $1.00
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181074
Last Updated: 01/15/2021
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.
