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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $377.81
- 36 Days on Market
- MLS # : 6168362
- Updated Date : 01/04/2021 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 3,163 sqft
- Baths : 3 full , 1 half
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Mature Sonoran Desert landscaping welcomes you to this charming yet sophisticated Southwestern Territorial home. Located on the 12th fairway of The Boulders North course, this home offers golf and Black Mountain views. Pass through the front courtyard gate and enter into the family room with dramatic wooden ceiling details and beams, clerestory windows, and large windows and glass door systems with views spilling from inside out to the patio and golf course. The chefs kitchen features stainless steel appliances, induction cooktop, double oven and soft close cabinetry with abundant storage and pantry space. The large Master bedroom retreat with spacious master bath and built-in closet systems is split from the other two guest suites. Outside, the covered patio provides plenty of space for
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PRICE & RENT TRENDS
Neighborhood: Boulders Carefree
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Boulders Carefree
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,860 |
| EXPENSES | Loan Payment | -$4,151 |
| Property Tax | -$462 | |
| Property Insurance | -$89 | |
| HOA | -$64 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,004
|
||
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.
$1,195,000
PROJECTED PRICE
$3,860
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 1.3% |
| 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
$322,425
LOAN DETAILS
$4,151
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $298,750 |
| Loan Amount | $896,250 |
1.42
YEARS SAVED
$8,552
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
-
$4,175
COMP ESTIMATED VALUE -
$1.32
COMP AVG. RENT PER SQFT
Comps Range
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- $3,750
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- 4 beds 4 baths ∙ 2,922 Sqft ∙ Built 1988 4 beds 4 baths ∙ 2,922 Sqft ∙ Built 1988
LEASED 08/01/20- Rent
- Rent Per SQFT
- $3,975
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6524 E Amber Sun Drive Scottsdale, AZ 4
- 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 1996
LEASED 10/23/20- Rent
- Rent Per SQFT
- $4,000
- $1.33
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168362
Last Updated: 01/04/2021
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.
