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PROPERTY INFO
FACTS
- Single Family
- Built In 1961
- Price/Sqft : $290.83
- 3 Days on Market
- MLS # : 6172747
- Updated Date : 12/18/2020 at 12:13
CONSTRUCTION
- Beds : 2
- Floor Size : 1,200 sqft
- Baths : 1 full
Listing Agent
Metro Realty Professionals
Listing Agent's Description
Hurry to this Charming, Updated Casita, Located in the Highly Sought After Retirement/Historic District of Villa Monterey, Tasteful Improvements Throughout, Freshly Painted, Designer Paint Colors, Replaced Windows, Beautiful Window Coverings, Updated Kitchen, Replaced Kitchen Appliances, Kitchen Window Shutter, Gorgeous Updated Bathroom (Walk in Shower with Decorative Tile Surround & Glass Enclosure), Tile Flooring Throughout, Newly Installed Master Closet Doors, Master Exit Door to Outdoor Covered Patio, Linen Storage Cabinet, Skylight, Inside Laundry & Hobby Rooms, Refrigerator, Washer & Dryer Included, Stunning Resort Like Backyard, Great for Entertaining, Enjoy the Outdoor Sitting Bar with a Large Covered Umbrella, Extended Cover Patio with Misting System,
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PRICE & RENT TRENDS
Neighborhood: Villa Monterey
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Villa Monterey
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,288 |
| Property Tax | -$163 | |
| Property Insurance | -$51 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$204
|
||
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.
$349,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.4% |
| 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
$98,235
LOAN DETAILS
$1,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
9
YEARS SAVED
$49,994
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$1.51
LIST RENT PER SQFT
-
$1,818
COMP ESTIMATED VALUE -
$1.52
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 01/01/20- Rent
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- $1,595
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-
7521 E Mariposa Drive Scottsdale, AZ 3
- 2 beds 2 baths ∙ 1,098 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,098 Sqft ∙ Built 1961
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,675
- $1.53
-
4848 N Woodmere Fairway Freeway #2 Scottsdale, AZ 5
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LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,850
- $1.66
PROPERTY LISTING DETAILS
Metro Realty Professionals
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172747
Last Updated: 12/18/2020
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.
