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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $261.78
- 5 Days on Market
- MLS # : 6162115
- Updated Date : 11/18/2020 at 17:14
CONSTRUCTION
- Beds : 2
- Floor Size : 955 sqft
- Baths : 2 full
Listing Agent
Tierra Antigua Realty, Llc
Listing Agent's Description
Wonderful ground level 2 bedroom/2bath unit in this popular Scottsdale community. Wood laminate flooring and tile throughout. Bright and airy with an updated kitchen and baths and ample storage. Used primarily as a successful VRBO! All furnishings included!Short distance to Old Town Scottsdale, shops and more!
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PRICE & RENT TRENDS
Neighborhood: Sunrise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunrise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,290 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$117 | |
| Property Insurance | -$46 | |
| HOA | -$240 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$134
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$250,000
PROJECTED PRICE
$1,290
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
2.58
YEARS SAVED
$5,979
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$1.35
LIST RENT PER SQFT
-
$1,287
COMP ESTIMATED VALUE -
$1.35
COMP AVG. RENT PER SQFT
Comps Range
-
3600 N Hayden Road #3207 Scottsdale, AZ 2
- 2 beds 2 baths ∙ 955 Sqft ∙ Built 1979 2 beds 2 baths ∙ 955 Sqft ∙ Built 1979
![property image]()
- Rent
- Rent Per SQFT
- $1,290
- $1.35
-
3500 N Hayden Road #2104 Scottsdale, AZ 1
- 2 beds 2 baths ∙ 955 Sqft ∙ Built 1979 2 beds 2 baths ∙ 955 Sqft ∙ Built 1979
![property image]()
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,250
- $1.31
-
3600 N Hayden Road #2503 Scottsdale, AZ 3
- 2 beds 2 baths ∙ 955 Sqft ∙ Built 1979 2 beds 2 baths ∙ 955 Sqft ∙ Built 1979
![property image]()
LEASED 12/13/19- Rent
- Rent Per SQFT
- $1,295
- $1.36
-
3600 N Hayden Road #2506 Scottsdale, AZ 4
- 2 beds 2 baths ∙ 955 Sqft ∙ Built 1979 2 beds 2 baths ∙ 955 Sqft ∙ Built 1979
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,295
- $1.36
-
3600 N Hayden Road #3103 Scottsdale, AZ 5
- 2 beds 2 baths ∙ 955 Sqft ∙ Built 1979 2 beds 2 baths ∙ 955 Sqft ∙ Built 1979
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,300
- $1.36
PROPERTY LISTING DETAILS
Tierra Antigua Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162115
Last Updated: 11/18/2020
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.
