Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $430.34
- 7 Days on Market
- MLS # : 6163972
- Updated Date : 11/25/2020 at 10:48
CONSTRUCTION
- Beds : 3
- Floor Size : 3,316 sqft
- Baths : 3 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
This desert contemporary home is the perfect combination of indoor/outdoor living! The Great Room floorpan lends itself to seamless entertaining with electric pocket doors opening an entire wall to the spacious patio, mountain and sunset views. Master suite includes a lovely master bath, large bedroom with fireplace and private office. The additional 2 ensuite bedrooms are perfect for your guests or family visitors. Fabulous gourmet kitchen with large island, walk-in pantry, wet bar and wine room . Expansive patio has outdoor kitchen, negative edge pool, spa and water feature with fire pots.Recent improvements: Large mesquite trees planted b/t pool and arroyo; misting system new pump and nozzles; repaired ;new landscape lighting;Wifi smart thermostats;Added mesh network & enhanced
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Desert Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,660 |
| EXPENSES | Loan Payment | -$5,265 |
| Property Tax | -$687 | |
| Property Insurance | -$92 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,524
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$1,427,000
PROJECTED PRICE
$4,660
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 2.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| 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
$383,905
LOAN DETAILS
$5,265
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $356,750 |
| Loan Amount | $1,070,250 |
0.67
YEARS SAVED
$5,099
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
-
$4,676
COMP ESTIMATED VALUE -
$1.41
COMP AVG. RENT PER SQFT
Comps Range
-
39670 N 98th Way Scottsdale, AZ 1
- 3 beds 3 baths ∙ 3,316 Sqft ∙ Built 2008 3 beds 3 baths ∙ 3,316 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $0
- $0.00
-
40199 N 105th Place Scottsdale, AZ 2
- 3 beds 4 baths ∙ 3,528 Sqft ∙ Built 1992 3 beds 4 baths ∙ 3,528 Sqft ∙ Built 1992
LEASED 03/01/20- Rent
- Rent Per SQFT
- $3,500
- $0.99
-
10687 E Fernwood Lane Scottsdale, AZ 3
- 3 beds 4 baths ∙ 3,282 Sqft ∙ Built 1996 3 beds 4 baths ∙ 3,282 Sqft ∙ Built 1996
LEASED 08/15/20- Rent
- Rent Per SQFT
- $6,000
- $1.83
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163972
Last Updated: 11/25/2020
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.
