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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $392.43
- 2 Days on Market
- MLS # : 6160570
- Updated Date : 11/14/2020 at 17:45
CONSTRUCTION
- Beds : 4
- Floor Size : 3,249 sqft
- Baths : 4 full
Listing Agent
Keller Williams Realty Sonoran Living
Listing Agent's Description
Idyllically bordering Scottsdale & Paradise Valley on a private cul-de-sac lot, welcomes 4BR/4BA & over 3,200 SF on 1/2 acre + lot. Open entry, w/vaulted wood ceilings introduces formal living & dining room on elegant custom stone floors. Chef's kitchen is a culinary dream w/ stainless steel appliances, granite countertops, custom stone backsplash, built-in fridge, & oversized center island! Oversized master suite w/ dual sinks, walk-in closet & stunning stone fireplace next to the freestanding tub. Beautiful resort-style backyard w/ ext. covered patio, artificial turf, built-in BBQ, outdoor fireplace, & pool. Heated & cooled detached multifunctional outbuilding for your toys, workshop & or additional entertainment space. Superior location only minutes from Oldtown & Kierland Commons.
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PRICE & RENT TRENDS
Neighborhood: Tatum Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tatum Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,860 |
| EXPENSES | Loan Payment | -$4,704 |
| Property Tax | -$660 | |
| Property Insurance | -$90 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,754
|
||
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.
$1,275,000
PROJECTED PRICE
$3,860
PROJECTED RENT
0.30%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 6.3% |
| 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
$343,625
LOAN DETAILS
$4,704
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $318,750 |
| Loan Amount | $956,250 |
0.25
YEARS SAVED
$379
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,860
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$4,224
COMP ESTIMATED VALUE -
$1.3
COMP AVG. RENT PER SQFT
Comps Range
-
4632 E Cochise Drive Phoenix, AZ 3
- 4 beds 4 baths ∙ 3,249 Sqft ∙ Built 1987 4 beds 4 baths ∙ 3,249 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $3,860
- $1.19
-
5131 E Butler Drive Paradise Valley, AZ 1
- 4 beds 4 baths ∙ 2,932 Sqft ∙ Built 1978 4 beds 4 baths ∙ 2,932 Sqft ∙ Built 1978
LEASED 09/01/20- Rent
- Rent Per SQFT
- $3,500
- $1.19
-
5036 E Yucca Street Scottsdale, AZ 2
- 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1979 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1979
LEASED 09/01/19- Rent
- Rent Per SQFT
- $3,750
- $1.26
-
4902 E Berneil Drive Paradise Valley, AZ 4
- 5 beds 3 baths ∙ 3,093 Sqft ∙ Built 1978 5 beds 3 baths ∙ 3,093 Sqft ∙ Built 1978
LEASED 04/01/20- Rent
- Rent Per SQFT
- $4,500
- $1.45
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160570
Last Updated: 11/14/2020
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.
