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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $285.57
- 3 Days on Market
- MLS # : 6165230
- Updated Date : 11/27/2020 at 11:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,926 sqft
- Baths : 2 full
Listing Agent
Those Callaways
Listing Agent's Description
A LOT TO LOVE. Ideally located in the Magic 85254 Zip Code, this charming home has a little bit of everything to suit your lifestyle. The hobbyist or car enthusiast in the family will delight in the detached 2-car garage, perfectly situated at the end of the long covered slab. The host will make great use of the eat-in kitchen with two sets of bar seating and gleaming white quartz counters, all open to the generous family room and dining room. The living room, with a convenient patio exit, is currently set up as a home office. Handsome wood-look plank flooring and low-E dual-pane windows. A deep paver patio is covered for enjoyable alfresco dining, backdropped by a lush lawn. Bonus two RV gates & parking. Wonderfully close to Valley amenities in the sought-after Acoma Corridor.
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PRICE & RENT TRENDS
Neighborhood: Norma Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Norma Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,340 |
| EXPENSES | Loan Payment | -$2,029 |
| Property Tax | -$412 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$265
|
||
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.
$550,000
PROJECTED PRICE
$2,340
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 8.2% |
| 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
$151,500
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
3.08
YEARS SAVED
$16,238
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,340
LIST RENT -
$1.21
LIST RENT PER SQFT
-
$2,562
COMP ESTIMATED VALUE -
$1.33
COMP AVG. RENT PER SQFT
Comps Range
-
5319 E Gelding Drive Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $2,340
- $1.21
-
5354 E Everett Drive Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 1979
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,300
- $1.19
-
5302 E Winchcomb Drive Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1977
LEASED 01/08/20- Rent
- Rent Per SQFT
- $2,400
- $1.38
-
5334 E Friess Drive Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1976
LEASED 07/07/20- Rent
- Rent Per SQFT
- $2,450
- $1.35
-
5329 E Acoma Drive Scottsdale, AZ 5
- 4 beds 2 baths ∙ 1,784 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,784 Sqft ∙ Built 1977
LEASED 06/17/20- Rent
- Rent Per SQFT
- $2,500
- $1.40
PROPERTY LISTING DETAILS
Those Callaways
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165230
Last Updated: 11/27/2020
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.
