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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $346.10
- 2 Days on Market
- MLS # : 6190708
- Updated Date : 02/07/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,167 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
This is an amazing opportunity to purchase a TURN KEY home in the highly desirable golf course community of Legend Trail. This home features 4 bedrooms plus an office, a great room plan open to the updated kitchen with center island and dining area. The master is very spacious and features a huge walk in closet, double sinks and large shower. The other 3 bedrooms area also a good size. The office is off he entrance so it has nice views to the high Sonoran desert. The backyard has a pool, spa, fire pit and AMAZING views! The home is being sold with all contents as it is shown! The home also has a 2 car garage and the lot extends well beyond the fence line(see documents section) Enjoy all amenities of the Legend Trail Community Center included in the LOW HOA fees!
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PRICE & RENT TRENDS
Neighborhood: Legend Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Legend Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,490 |
| EXPENSES | Loan Payment | -$2,605 |
| Property Tax | -$350 | |
| Property Insurance | -$69 | |
| HOA | -$24 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$658
|
||
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.
$750,000
PROJECTED PRICE
$2,490
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.7% |
| 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
$204,500
LOAN DETAILS
$2,605
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $187,500 |
| Loan Amount | $562,500 |
1.33
YEARS SAVED
$4,917
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,490
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$2,525
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
35387 N 93rd Way Scottsdale, AZ 3
- 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $2,490
- $1.15
-
9248 E Broken Arrow Drive Scottsdale, AZ 1
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LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,450
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-
9419 E Whitewing Drive Scottsdale, AZ 2
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LEASED 04/18/20- Rent
- Rent Per SQFT
- $2,450
- $1.13
-
8961 E Venus Drive Carefree, AZ 4
- 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1980
LEASED 06/24/20- Rent
- Rent Per SQFT
- $2,650
- $1.17
-
9539 E Sandy Vista Drive Scottsdale, AZ 5
- 4 beds 4 baths ∙ 2,320 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,320 Sqft ∙ Built 2000
LEASED 08/17/20- Rent
- Rent Per SQFT
- $2,850
- $1.23
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190708
Last Updated: 02/07/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
