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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $318.93
- 5 Days on Market
- MLS # : 6174259
- Updated Date : 12/25/2020 at 08:49
CONSTRUCTION
- Beds : 4
- Floor Size : 3,449 sqft
- Baths : 4 full , 1 half
Listing Agent
Desert Properties Realty
Listing Agent's Description
GORGEOUS home located in the gated Community of Hawknest Trail! This SPECTACULAR home with its beautiful courtyard and pool and detached casita is an Oasis in the Desert! This home was designed for the entertainer in mind! A beautiful split open floor plan and a gourmet kitchen that is a chefs delight*a 6 burner gas cooktop, stainless double oven, built in refrigerator, large walk in panty, The large center kitchen island includes granite counterops with plenty of space for food prep. The great room sliding glass doors open up to the beautiful courtyard & pool making it easy to entertain your guests inside and out.*Beautiful travertine stone flooring throughout*A wet bar is strategically placed just off the great room and foyer. The spacious Master suite has its own private outdoor
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PRICE & RENT TRENDS
Neighborhood: Hawknest Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hawknest Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $5,240 |
| EXPENSES | Loan Payment | -$4,059 |
| Property Tax | -$514 | |
| Property Insurance | -$94 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$469
|
||
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.
$1,100,000
PROJECTED PRICE
$5,240
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.5% |
| 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
$297,250
LOAN DETAILS
$4,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $275,000 |
| Loan Amount | $825,000 |
7.75
YEARS SAVED
$132,571
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
-
$5,294
COMP ESTIMATED VALUE -
$1.54
COMP AVG. RENT PER SQFT
Comps Range
-
35423 N 86th Place Scottsdale, AZ 1
- 4 beds 5 baths ∙ 3,449 Sqft ∙ Built 1999 4 beds 5 baths ∙ 3,449 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8239 E Paint Pony Drive Carefree, AZ 2
- 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1984 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1984
LEASED 09/15/19- Rent
- Rent Per SQFT
- $5,500
- $1.47
-
8129 E Arroyo Seco Road Scottsdale, AZ 3
- 5 beds 5 baths ∙ 3,760 Sqft ∙ Built 2001 5 beds 5 baths ∙ 3,760 Sqft ∙ Built 2001
LEASED 10/01/20- Rent
- Rent Per SQFT
- $6,000
- $1.60
PROPERTY LISTING DETAILS
Desert Properties Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174259
Last Updated: 12/25/2020
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.
