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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $290.34
- 2 Days on Market
- MLS # : 6160547
- Updated Date : 11/13/2020 at 22:36
CONSTRUCTION
- Beds : 4
- Floor Size : 2,411 sqft
- Baths : 3 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
Perfect single level home in the heart of Scottsdale in the ''magic zip code.'' 4 Beds and 3 baths plus a 3 car garage. The split floor plan includes formal LR & DR, gorgeous eat in Kitchen open to family RM w/stack-stone Frplc. Beatutiful upgrades throughout including slab granite, SS Appl, flooring (travertine & carpet) lighting & plumbing fixtures. Master suite boasts a soaking tub, dual vanities, w/granite counters, frameless glass shower w/travertine surround & arabesque tile accents + Lg walk-in closet. Resort like backyard w/lush landscape & sparkling pebble-tec pool. Epoxied split 3 car garage & fresh paint inside. Near dining, shopping, Kierland, Scottsdale Quarter, airport, A++ schools, fwys 101/51, Mayo Hospital, Desert Ridge & so much more!
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PRICE & RENT TRENDS
Neighborhood: Palos Verdes Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palos Verdes Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,800 |
| EXPENSES | Loan Payment | -$2,583 |
| Property Tax | -$524 | |
| Property Insurance | -$74 | |
| HOA | -$14 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$494
|
||
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.
$700,000
PROJECTED PRICE
$2,800
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.0% |
| 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
$191,250
LOAN DETAILS
$2,583
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $175,000 |
| Loan Amount | $525,000 |
2
YEARS SAVED
$10,888
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,800
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$2,755
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
-
5104 E Kelton Lane Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $2,800
- $1.16
-
16718 N 50th Way Scottsdale, AZ 1
- 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 2002
LEASED 11/30/19- Rent
- Rent Per SQFT
- $2,200
- $0.96
-
5110 E Le Marche Avenue Scottsdale, AZ 2
- 3 beds 2 baths ∙ 2,216 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,216 Sqft ∙ Built 1983
LEASED 10/07/20- Rent
- Rent Per SQFT
- $2,700
- $1.22
-
16816 N 51st Street Scottsdale, AZ 4
- 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1998
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,850
- $1.24
-
5050 E Paradise Lane Scottsdale, AZ 5
- 4 beds 2 baths ∙ 2,564 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,564 Sqft ∙ Built 1988
LEASED 06/07/20- Rent
- Rent Per SQFT
- $2,950
- $1.15
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160547
Last Updated: 11/13/2020
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.
