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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $221.18
- 2 Days on Market
- MLS # : 6195138
- Updated Date : 02/20/2021 at 19:30
CONSTRUCTION
- Beds : 5
- Floor Size : 2,889 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
Fix and Flip in the wonderful 85254 zip code. 5 bed 2 bath home is being sold as-is. Great potential with a wide open floorplan. This will go quick!
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PRICE & RENT TRENDS
Neighborhood: Rancho Saguaro
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Saguaro
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,820 |
| EXPENSES | Loan Payment | -$2,219 |
| Property Tax | -$486 | |
| Property Insurance | -$83 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$932
|
||
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.
$639,000
PROJECTED PRICE
$3,820
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.2% |
| 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
$175,085
LOAN DETAILS
$2,219
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $159,750 |
| Loan Amount | $479,250 |
12.58
YEARS SAVED
$128,549
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
-
$4,276
COMP ESTIMATED VALUE -
$1.48
COMP AVG. RENT PER SQFT
Comps Range
-
5540 E Corrine Drive Scottsdale, AZ 1
- 5 beds 3 baths ∙ 2,889 Sqft ∙ Built 1976 5 beds 3 baths ∙ 2,889 Sqft ∙ Built 1976
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5112 E Charter Oak Road Scottsdale, AZ 2
- 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1977
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $3,195
- $1.20
-
5739 E Cactus Road Scottsdale, AZ 3
- 5 beds 3 baths ∙ 3,198 Sqft ∙ Built 1979 5 beds 3 baths ∙ 3,198 Sqft ∙ Built 1979
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $4,500
- $1.41
-
12202 N 60th Street Scottsdale, AZ 4
- 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1978 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1978
![property image]()
LEASED 04/14/20- Rent
- Rent Per SQFT
- $4,750
- $1.58
-
5344 E Paradise Drive Scottsdale, AZ 5
- 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 1983
![property image]()
LEASED 10/07/20- Rent
- Rent Per SQFT
- $5,000
- $1.73
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195138
Last Updated: 02/20/2021
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.
