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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $200.48
- 4 Days on Market
- MLS # : 6175980
- Updated Date : 01/01/2021 at 17:51
CONSTRUCTION
- Beds : 5
- Floor Size : 3,367 sqft
- Baths : 3 full
Listing Agent
Legendary Properties, Llc
Listing Agent's Description
Awesome tri-level with grand entry door, private sitting area, formal dining, huge kitchen and private lower level. Large yard allows swimming pool bbq area room for grass or your garden. Good sun with covered and uncovered patios. Oversize garage with room for three cars. Tile roof, upgrades everywhere. New windows. Extra insulation. Location, Location, Location.
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,890 |
| EXPENSES | Loan Payment | -$2,490 |
| Property Tax | -$517 | |
| Property Insurance | -$93 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$691
|
||
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.
$675,000
PROJECTED PRICE
$3,890
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.5% |
| 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
$184,625
LOAN DETAILS
$2,490
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $168,750 |
| Loan Amount | $506,250 |
10.67
YEARS SAVED
$127,496
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,890
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$3,981
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
6174 E Janice Way Scottsdale, AZ 2
- 5 beds 3 baths ∙ 3,367 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,367 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $3,890
- $1.16
-
16442 N 59th Place Scottsdale, AZ 1
- 5 beds 3 baths ∙ 3,309 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,309 Sqft ∙ Built 1991
LEASED 02/17/20- Rent
- Rent Per SQFT
- $3,800
- $1.15
-
6233 E Marilyn Road Scottsdale, AZ 3
- 4 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991
LEASED 10/15/19- Rent
- Rent Per SQFT
- $3,900
- $1.15
-
6428 E Hearn Road Scottsdale, AZ 4
- 5 beds 3 baths ∙ 3,393 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,393 Sqft ∙ Built 1996
LEASED 05/26/20- Rent
- Rent Per SQFT
- $4,000
- $1.18
-
16016 N 68th Street Scottsdale, AZ 5
- 5 beds 3 baths ∙ 3,432 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,432 Sqft ∙ Built 1997
LEASED 08/01/20- Rent
- Rent Per SQFT
- $4,300
- $1.25
PROPERTY LISTING DETAILS
Legendary Properties, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175980
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
