Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $277.78
- 2 Days on Market
- MLS # : 6173015
- Updated Date : 12/19/2020 at 10:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,980 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
Professional photos to be added by Dec 22. Great curb appeal! Well designed back yard with grassy play area and generous playpool. RV parking and no HOA! Single level with master bedroom split plan. Wide louvered shutters throughout. Newer vinyl dual pane tinted windows. Laundry room has a door to the backyard. Wood burning fireplace in family room. Easy care stained concrete floors. Stainless refrigerator stays. Extended covered patio.Vaulted ceilings, Great layout with charming back yard. Priced well!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Continental Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Continental Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,770 |
| EXPENSES | Loan Payment | -$2,029 |
| Property Tax | -$412 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$164
|
||
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
$2,770
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.4% |
| 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 |
7.08
YEARS SAVED
$54,855
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,787
COMP ESTIMATED VALUE -
$1.41
COMP AVG. RENT PER SQFT
Comps Range
-
5408 E Kings Avenue Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5255 E Marconi Avenue Scottsdale, AZ 2
- 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 1983
LEASED 03/06/20- Rent
- Rent Per SQFT
- $2,450
- $1.25
-
5725 E Monte Cristo Avenue Scottsdale, AZ 3
- 3 beds 3 baths ∙ 2,009 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,009 Sqft ∙ Built 1985
LEASED 04/29/20- Rent
- Rent Per SQFT
- $3,000
- $1.49
-
5413 E Kings Avenue Scottsdale, AZ 4
- 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 1985
LEASED 06/15/20- Rent
- Rent Per SQFT
- $3,000
- $1.39
-
5432 E Grandview Road Scottsdale, AZ 5
- 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1986
LEASED 06/01/20- Rent
- Rent Per SQFT
- $3,200
- $1.50
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173015
Last Updated: 12/19/2020
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.
