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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $344.56
- 1 Days on Market
- MLS # : 6258167
- Updated Date : 07/13/2021 at 17:41
CONSTRUCTION
- Beds : 4
- Floor Size : 2,464 sqft
- Baths : 2 full
Listing Agent
Azreapm
Listing Agent's Description
BEAUTIFUL SCOTTSDALE LOCATION! Do NOT miss this opportunity to make this home yours! This gorgeous property showcases a lush backyard with a BRAND NEW REDONE SPARKLING POOL! Artificial turf for low maintenance , Large covered patio with great space for entertaining, Large Spacious Open Floor plan with vaulted ceilings, open and bright with lots of natural light. Fireplace for those chilly Arizona Evenings. 3 car garage with enough space for all of your toys or tools, Brand New HVAC unit, new Hot water heater, There are travertine floors throughout. Granite counter tops in the large open kitchen with Stainless steel appliances and space for a formal dining room. Nice large master bath with a soaking tub and separate shower - This property will go FAST! Make this yours today!
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PRICE & RENT TRENDS
Neighborhood: North Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,010 |
| EXPENSES | Loan Payment | -$2,949 |
| Property Tax | -$635 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$748
|
||
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.
$849,000
PROJECTED PRICE
$3,010
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.0% |
| 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
$230,735
LOAN DETAILS
$2,949
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $212,250 |
| Loan Amount | $636,750 |
1.25
YEARS SAVED
$4,543
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,010
LIST RENT -
$1.22
LIST RENT PER SQFT
-
$3,222
COMP ESTIMATED VALUE -
$1.31
COMP AVG. RENT PER SQFT
Comps Range
-
6207 E Le Marche Avenue Scottsdale, AZ 2
- 4 beds 2 baths ∙ 2,464 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,464 Sqft ∙ Built 1986
![property image]()
- Rent
- Rent Per SQFT
- $3,010
- $1.22
-
6334 E Kathleen Road Scottsdale, AZ 1
- 4 beds 2 baths ∙ 2,369 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,369 Sqft ∙ Built 1987
![property image]()
LEASED 09/15/20- Rent
- Rent Per SQFT
- $3,000
- $1.27
-
6508 E Beverly Lane Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 1985
![property image]()
LEASED 05/15/21- Rent
- Rent Per SQFT
- $3,200
- $1.26
-
6448 E Paradise Lane Scottsdale, AZ 4
- 4 beds 4 baths ∙ 2,616 Sqft ∙ Built 1984 4 beds 4 baths ∙ 2,616 Sqft ∙ Built 1984
![property image]()
LEASED 01/30/21- Rent
- Rent Per SQFT
- $3,250
- $1.24
-
6410 E Carolina Drive Scottsdale, AZ 5
- 3 beds 3 baths ∙ 2,397 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,397 Sqft ∙ Built 1996
![property image]()
LEASED 09/10/20- Rent
- Rent Per SQFT
- $3,495
- $1.46
PROPERTY LISTING DETAILS
Azreapm
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6258167
Last Updated: 07/13/2021
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.
