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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $181.82
- 4 Days on Market
- MLS # : 6156598
- Updated Date : 11/06/2020 at 16:20
CONSTRUCTION
- Beds : 5
- Floor Size : 4,059 sqft
- Baths : 4 full
Listing Agent
Keller Williams Realty Phoenix
Listing Agent's Description
This perfectly landscaped front yard makes the freshly painted exterior POP! Come inside and fall in house-love! Expansive living areas and beautiful, Eco-friendly Saltillo tile are found throughout the majority of the first level and are complemented by an abundance of natural light. The spacious and sensible kitchen boasts kitchen island, built-in microwave and oven, gas cooktop, and walk-in pantry with LOTS of capacity. The living space adjacent to the kitchen features an inviting and cozy stone fireplace, and there's a full size laundry room, office or ''whatever-you-want'' room, bedroom and full bathroom downstairs too! Upstairs, there's a loft area at the center of it all, as well as 4 bedrooms and 3 more bathrooms. (MORE!!!)
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PRICE & RENT TRENDS
Neighborhood: Arabian Crest East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arabian Crest East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,190 |
| EXPENSES | Loan Payment | -$2,723 |
| Property Tax | -$552 | |
| Property Insurance | -$106 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$710
|
||
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.
$738,000
PROJECTED PRICE
$4,190
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.0% |
| 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
$201,320
LOAN DETAILS
$2,723
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $184,500 |
| Loan Amount | $553,500 |
10.42
YEARS SAVED
$134,086
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,181
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
6004 E Aire Libre Lane Scottsdale, AZ 1
- 5 beds 4 baths ∙ 4,059 Sqft ∙ Built 1995 5 beds 4 baths ∙ 4,059 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $0
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5746 E Gelding Drive Scottsdale, AZ 2
- 6 beds 4 baths ∙ 4,130 Sqft ∙ Built 1990 6 beds 4 baths ∙ 4,130 Sqft ∙ Built 1990
LEASED 08/15/20- Rent
- Rent Per SQFT
- $3,650
- $0.88
-
5333 E Anderson Drive Scottsdale, AZ 3
- 5 beds 4 baths ∙ 3,878 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,878 Sqft ∙ Built 1998
LEASED 07/15/20- Rent
- Rent Per SQFT
- $3,800
- $0.98
-
15802 N 71st Street #451 Scottsdale, AZ 4
- 4 beds 4 baths ∙ 4,065 Sqft ∙ Built 2007 4 beds 4 baths ∙ 4,065 Sqft ∙ Built 2007
LEASED 12/01/19- Rent
- Rent Per SQFT
- $5,000
- $1.23
PROPERTY LISTING DETAILS
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6156598
Last Updated: 11/06/2020
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.
