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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $358.47
- 4 Days on Market
- MLS # : 6195429
- Updated Date : 02/28/2021 at 03:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,813 sqft
- Baths : 2 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Don't miss this incredible single level turn-key gem in the heart of 85254! Nothing has been spared including the 'resort style' paradise back yard with 13 palm trees on the property, lush landscaping, a custom lighted Pebble Tec pool with rock waterfall and above ground spa! This 3 bedroom 2 bath home features hardwood & tile flooring, granite countertops, Stainless Steel appliances, both formal dining and breakfast nook. Amazing family room with stone hearth and wood burning fireplace and custom barn doors separating the 3rd bedroom or home office area... The large master has back yard access with arcadia doors, dual vanities and a large walk in closet! The custom cabana and fully covered patio enhance the experience to embrace the gorgeous sunsets Arizona has to offer!
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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 | $2,650 |
| EXPENSES | Loan Payment | -$2,257 |
| Property Tax | -$486 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$255
|
||
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.
$649,900
PROJECTED PRICE
$2,650
PROJECTED RENT
0.41%
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
$177,974
LOAN DETAILS
$2,257
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $162,475 |
| Loan Amount | $487,425 |
3.33
YEARS SAVED
$17,745
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
-
$2,679
COMP ESTIMATED VALUE -
$1.48
COMP AVG. RENT PER SQFT
Comps Range
-
5525 E Grandview Road Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1985
- 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
-
5708 E Angela Drive Scottsdale, AZ 3
- 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1987
LEASED 01/04/21- Rent
- Rent Per SQFT
- $2,850
- $1.47
-
5725 E Monte Cristo Avenue Scottsdale, AZ 4
- 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
-
16834 N 49th Way Scottsdale, AZ 5
- 4 beds 3 baths ∙ 1,998 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,998 Sqft ∙ Built 2002
LEASED 10/20/20- Rent
- Rent Per SQFT
- $3,400
- $1.70
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195429
Last Updated: 02/28/2021
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.
