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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $240.70
- 2 Days on Market
- MLS # : 6202491
- Updated Date : 03/13/2021 at 05:01
CONSTRUCTION
- Beds : 4
- Floor Size : 2,904 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
Beautiful home in the Magic Zip code of 85254 with no HOA! This home offers vaulted ceilings and an open feel throughout with large windows overlooking a lush backyard Oasis! The kitchen has NEWER stainless-steel appliances, granite countertops, instant hot water, and an eat in dining space with access to the beautiful outdoor patio. The backyard features a sparkling pebble tec pool and landscaping reminiscent of a secret garden. This oasis is perfect for entertaining and indoor/ outdoor living! This split floorplan offers an expansive Owners Suite, with an en suite bathroom and extra large walk-in closet.
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PRICE & RENT TRENDS
Neighborhood: Arabian Views
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arabian Views
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,300 |
| EXPENSES | Loan Payment | -$2,428 |
| Property Tax | -$523 | |
| Property Insurance | -$84 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$166
|
||
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.
$699,000
PROJECTED PRICE
$3,300
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.3% |
| 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
$190,985
LOAN DETAILS
$2,428
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $174,750 |
| Loan Amount | $524,250 |
6.5
YEARS SAVED
$53,866
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,300
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$3,332
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
5222 E Angela Drive Scottsdale, AZ 2
- 4 beds 2 baths ∙ 2,904 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,904 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $3,300
- $1.14
-
4954 E Aire Libre Avenue Scottsdale, AZ 1
- 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 1990
![property image]()
LEASED 10/23/20- Rent
- Rent Per SQFT
- $2,800
- $0.93
-
5247 E Anderson Drive Scottsdale, AZ 3
- 5 beds 4 baths ∙ 3,064 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,064 Sqft ∙ Built 1998
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $3,500
- $1.14
-
5927 E Woodridge Drive Scottsdale, AZ 4
- 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 1998
![property image]()
LEASED 11/01/20- Rent
- Rent Per SQFT
- $3,500
- $1.16
-
5676 E Sandra Terrace Scottsdale, AZ 5
- 4 beds 4 baths ∙ 2,832 Sqft ∙ Built 1991 4 beds 4 baths ∙ 2,832 Sqft ∙ Built 1991
![property image]()
LEASED 10/10/20- Rent
- Rent Per SQFT
- $3,845
- $1.36
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6202491
Last Updated: 03/13/2021
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.
