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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $254.71
- 2 Days on Market
- MLS # : 6187783
- Updated Date : 01/30/2021 at 18:42
CONSTRUCTION
- Beds : 4
- Floor Size : 2,473 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Designers Dream, so much potential on this Gorgeous Scottsdale home available in an amazing location, oversized lot with with no HOA. Minutes from Paradise Valley Mall, golf, freeways and so much more! This gem features great curb appeal leading into the light and bright interior with soaring vaulted ceilings, stone fireplace, beautiful wood flooring and tile in all the right places. Stylish kitchen boasts stainless steel appliances, granite counter tops and a plethora of white cabinetry. Spacious master includes en suite with dual sinks, soaking tub and tiled glass framed shower. Amazing outdoor entertaining space is complete with covered patio, firepit and sparkling pool. It's the perfect spot to enjoy Arizona outdoors. Do no not miss out. Schedule your private showing today.
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PRICE & RENT TRENDS
Neighborhood: Cactus Glen South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cactus Glen South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,910 |
| EXPENSES | Loan Payment | -$2,188 |
| Property Tax | -$499 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$48
|
||
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.
$629,900
PROJECTED PRICE
$2,910
PROJECTED RENT
0.46%
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
$172,674
LOAN DETAILS
$2,188
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $157,475 |
| Loan Amount | $472,425 |
5.58
YEARS SAVED
$38,754
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,910
LIST RENT -
$1.18
LIST RENT PER SQFT
-
$2,924
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
5116 E Wethersfield Road Scottsdale, AZ 4
- 4 beds 2 baths ∙ 2,473 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,473 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $2,910
- $1.18
-
5107 E Wethersfield Road Scottsdale, AZ 1
- 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1979
LEASED 08/04/20- Rent
- Rent Per SQFT
- $2,450
- $1.02
-
5121 E Larkspur Drive Scottsdale, AZ 2
- 4 beds 2 baths ∙ 2,223 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,223 Sqft ∙ Built 1977
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,795
- $1.26
-
5002 E Wethersfield Road Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 1983
LEASED 07/10/20- Rent
- Rent Per SQFT
- $2,900
- $1.25
-
5112 E Charter Oak Road Scottsdale, AZ 5
- 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1977
LEASED 07/01/20- Rent
- Rent Per SQFT
- $3,195
- $1.20
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187783
Last Updated: 01/30/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
