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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $323.83
- 4 Days on Market
- MLS # : 6177927
- Updated Date : 01/07/2021 at 23:56
CONSTRUCTION
- Beds : 2
- Floor Size : 1,930 sqft
- Baths : 4 full
Listing Agent
The Agency
Listing Agent's Description
This is the closest detached living quarters you will ever get to the Giants Stadium! This beautiful open floor plan has upgraded hardwood floors throughout the entire property and also has an upgraded epoxy garage floor. It was built in 2017 and has had one owner who chose top notch fixtures and finishes during his build in which you won't find in any of the other units. With beautiful elegant waterfall countertops all the way to the white shaker cabinets to the ceiling this dream townhome is a wonderful place to live, meet incredible neighbors, and enjoy the wonderful things old town Scottsdale has to offer.
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PRICE & RENT TRENDS
Neighborhood: Downtown Scottsdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Downtown Scottsdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,240 |
| EXPENSES | Loan Payment | -$2,171 |
| Property Tax | -$756 | |
| Property Insurance | -$65 | |
| HOA | -$199 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$49
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$625,000
PROJECTED PRICE
$3,240
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | -0.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$171,375
LOAN DETAILS
$2,171
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $156,250 |
| Loan Amount | $468,750 |
4.17
YEARS SAVED
$24,789
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,416
COMP ESTIMATED VALUE -
$1.77
COMP AVG. RENT PER SQFT
Comps Range
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3510 N Miller Road #1011 Scottsdale, AZ 1
- 2 beds 4 baths ∙ 1,930 Sqft ∙ Built 2017 2 beds 4 baths ∙ 1,930 Sqft ∙ Built 2017
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- $0
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6803 E Main Street #5507 Scottsdale, AZ 2
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LEASED 07/15/19- Rent
- Rent Per SQFT
- $2,900
- $1.79
-
6803 E Main Street #3309 Scottsdale, AZ 3
- 2 beds 3 baths ∙ 1,811 Sqft ∙ Built 2008 2 beds 3 baths ∙ 1,811 Sqft ∙ Built 2008
![property image]()
LEASED 03/20/20- Rent
- Rent Per SQFT
- $3,050
- $1.68
-
3233 N 70th Street #1017 Scottsdale, AZ 4
- 2 beds 4 baths ∙ 1,939 Sqft ∙ Built 2017 2 beds 4 baths ∙ 1,939 Sqft ∙ Built 2017
![property image]()
LEASED 07/29/20- Rent
- Rent Per SQFT
- $3,250
- $1.68
-
3510 N Miller Road #1002 Scottsdale, AZ 5
- 2 beds 4 baths ∙ 1,762 Sqft ∙ Built 2017 2 beds 4 baths ∙ 1,762 Sqft ∙ Built 2017
![property image]()
LEASED 12/10/20- Rent
- Rent Per SQFT
- $3,400
- $1.93
PROPERTY LISTING DETAILS
The Agency
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177927
Last Updated: 01/07/2021
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.
