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PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $541.67
- 24 Days on Market
- MLS # : 6156470
- Updated Date : 11/27/2020 at 13:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,200 sqft
- Baths : 2 full
Listing Agent
Launch Real Estate
Listing Agent's Description
Welcome home to this updated Scottsdale Ranch home in the Southwest Village area of Scottsdale. This 3 bedroom/2 bath open concept floor plan is ideal for a lock and leave, vacation home, or set up as a VRBO. Backyard is fully landscaped and includes a lap pool and hot tub, along with full misting system and outdoor tv under a large covered patio. This is a must see and is priced to sell!
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PRICE & RENT TRENDS
Neighborhood: Southwest Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southwest Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$2,398 |
| Property Tax | -$304 | |
| Property Insurance | -$51 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$862
|
||
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.
$650,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.5% |
| 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
$178,000
LOAN DETAILS
$2,398
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $162,500 |
| Loan Amount | $487,500 |
0.33
YEARS SAVED
$461
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$1.66
LIST RENT PER SQFT
-
$2,007
COMP ESTIMATED VALUE -
$1.67
COMP AVG. RENT PER SQFT
Comps Range
-
3608 N 68th Street Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1958
- Rent
- Rent Per SQFT
- $1,990
- $1.66
-
3115 N 69th Place #1 Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1962
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,595
- $1.52
-
6919 E Cheery Lynn Road Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1957
LEASED 11/10/19- Rent
- Rent Per SQFT
- $2,150
- $1.55
-
3519 N 62nd Place Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,337 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,337 Sqft ∙ Built 1957
LEASED 01/01/20- Rent
- Rent Per SQFT
- $2,195
- $1.64
-
6545 E 5th Street Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,113 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,113 Sqft ∙ Built 1955
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,200
- $1.98
PROPERTY LISTING DETAILS
Launch Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6156470
Last Updated: 11/27/2020
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.
