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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $427.75
- 5 Days on Market
- MLS # : 6166570
- Updated Date : 12/04/2020 at 11:24
CONSTRUCTION
- Beds : 3
- Floor Size : 2,443 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
** Fantastic Opportunity to Remodel or Build Your Dream Home in the Heart of Arcadia on this 1/3+Acre Lot ** Calle Tuberia is a wonderful street lined with charming homes and, it is home to the Arcadia 4th of July Parade & some of the best Trick-or-Treating in Arcadia! ** Please call Kristen White at 602.653.5000 for more information **
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PRICE & RENT TRENDS
Neighborhood: Jokake Villa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Jokake Villa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,410 |
| EXPENSES | Loan Payment | -$3,856 |
| Property Tax | -$598 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,218
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$1,045,000
PROJECTED PRICE
$3,410
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 12.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| 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
$282,675
LOAN DETAILS
$3,856
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $261,250 |
| Loan Amount | $783,750 |
0.5
YEARS SAVED
$1,982
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,410
LIST RENT -
$1.4
LIST RENT PER SQFT
-
$3,726
COMP ESTIMATED VALUE -
$1.53
COMP AVG. RENT PER SQFT
Comps Range
-
6121 E Calle Tuberia -- Scottsdale, AZ 1
- 3 beds 2 baths ∙ 2,443 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,443 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $3,410
- $1.40
-
5739 E Calle Del Paisano -- Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1957
LEASED 06/15/20- Rent
- Rent Per SQFT
- $3,450
- $1.46
-
6132 E Rose Circle Drive Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1958
LEASED 04/01/20- Rent
- Rent Per SQFT
- $3,500
- $1.42
-
3308 N 63rd Place Scottsdale, AZ 4
- 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1957
LEASED 08/22/20- Rent
- Rent Per SQFT
- $3,700
- $1.60
-
6046 E Calle Tuberia -- Scottsdale, AZ 5
- 3 beds 2 baths ∙ 2,371 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,371 Sqft ∙ Built 1960
LEASED 07/01/20- Rent
- Rent Per SQFT
- $3,850
- $1.62
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166570
Last Updated: 12/04/2020
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.
