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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $316.12
- 2 Days on Market
- MLS # : 6173198
- Updated Date : 12/20/2020 at 00:14
CONSTRUCTION
- Beds : 3
- Floor Size : 2,053 sqft
- Baths : 2 full
Listing Agent
Arizona Best Real Estate
Listing Agent's Description
From your first steps up the rustic Santa Fe brick walkway to the smooth rounded-edge walls and latilla and viga ceiling, this beautiful custom home embodies a Territorial style rarely found in the heart of Scottsdale. Southwestern warmth greets you at the gate as you step into the cozy enclosed courtyard of the front patio. Enter into the home to the stunning great room with high ceiling and Saltillo tile throughout. Windows abound, peering out to the private backyard with spacious covered patio, kiva fireplace and pebble-tec pool. Sip drinks in the shaded comfort of the pergola and enjoy the clear Arizona views all the way to the McDowell Mountains. Additional features: updated kitchen,, oversize 3-head shower in master bath, programmable lighting & electric car charger (see more)
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PRICE & RENT TRENDS
Neighborhood: La Paz at Desert Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: La Paz at Desert Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,830 |
| EXPENSES | Loan Payment | -$2,395 |
| Property Tax | -$486 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$216
|
||
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.
$649,000
PROJECTED PRICE
$2,830
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.5% |
| 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
$177,735
LOAN DETAILS
$2,395
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $162,250 |
| Loan Amount | $486,750 |
3.67
YEARS SAVED
$25,723
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,830
LIST RENT -
$1.38
LIST RENT PER SQFT
-
$2,330
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
-
5768 E Hearn Road Scottsdale, AZ 5
- 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $2,830
- $1.38
-
5916 E Spring Road Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1981
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,995
- $1.05
-
5930 E Spring Road Scottsdale, AZ 2
- 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1981
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,275
- $1.01
-
5827 E Ludlow Drive Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1979
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,650
- $1.20
-
14034 N 60th Street Scottsdale, AZ 4
- 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1983
LEASED 08/21/20- Rent
- Rent Per SQFT
- $2,695
- $1.28
PROPERTY LISTING DETAILS
Arizona Best Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173198
Last Updated: 12/20/2020
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.
