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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $417.67
- 2 Days on Market
- MLS # : 6165557
- Updated Date : 11/28/2020 at 10:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,664 sqft
- Baths : 2 full
Listing Agent
Tru Realty
Listing Agent's Description
PREMIER TOP FLOOR/CORNER condominium in exclusive Sage community w/gorgeous Camelback views!! Beautifully appointed, light and bright, with high ceilings and wood floors throughout the spacious living area. The neutral design scheme includes custom draperies, chef grade Dacor stainless appliances including gas range and oversized fridge, and an open kitchen with lots of sleek cabinetry and a breakfast bar perfect for entertaining. Proceed from the grand entry foyer down the hall to two spacious guestrooms, both with views and a fully appointed second bath, full-size insuite laundry and then the master retreat - which is large enough for both a sitting area and desk area. See MORE......
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PRICE & RENT TRENDS
Neighborhood: Monterey Arcadia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Monterey Arcadia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,820 |
| EXPENSES | Loan Payment | -$2,564 |
| Property Tax | -$325 | |
| Property Insurance | -$60 | |
| HOA | -$547 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$775
|
||
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.
$695,000
PROJECTED PRICE
$2,820
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.5% |
| 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
$189,925
LOAN DETAILS
$2,564
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $173,750 |
| Loan Amount | $521,250 |
0.5
YEARS SAVED
$1,412
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
-
$2,970
COMP ESTIMATED VALUE -
$1.79
COMP AVG. RENT PER SQFT
Comps Range
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4803 N Woodmere Fairway -- #3009 Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $0
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4909 N Woodmere Fairway -- #3004 Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2009
LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,750
- $1.58
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4803 N Woodmere Fairway -- #2003 Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2014
LEASED 09/28/19- Rent
- Rent Per SQFT
- $3,000
- $1.80
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4909 N Woodmere Fairway -- #1010 Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2009
LEASED 10/24/20- Rent
- Rent Per SQFT
- $3,000
- $1.72
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7121 E Rancho Vista Drive #5011 Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2010
LEASED 11/01/20- Rent
- Rent Per SQFT
- $3,800
- $2.04
PROPERTY LISTING DETAILS
Tru Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165557
Last Updated: 11/28/2020
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.
