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PROPERTY INFO
FACTS
- Built In 1989
- Price/Sqft : $235.77
- 6 Days on Market
- MLS # : 6151171
- Updated Date : 10/30/2020 at 14:04
CONSTRUCTION
- Beds : 5
- Floor Size : 3,181 sqft
- Baths : 3 full
Listing Agent
Exp Realty
Listing Agent's Description
OPEN HOUSE ON 10/31 & 11/01 10AM-4PM! Beautiful 2 story home in a NON HOA neighborhood near Kierland! Located on an oversized lot in a very desirable, quiet, safe, and kid friendly neighborhood right down the street from crossed arrows park. This home has it all; Recently remodeled kitchen with wi-fi enabled appliances, plantation shutters, updated trim, custom projector theater system and entertainment center. The resort style backyard has Sail Shades and an oversized gas heater for both pool and spa! This home has been loved and meticulously maintained, don't miss out!
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PRICE & RENT TRENDS
Neighborhood: Parkwood Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Parkwood Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,600 |
| EXPENSES | Loan Payment | -$2,767 |
| Property Tax | -$561 | |
| Property Insurance | -$89 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$83
|
||
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.
$750,000
PROJECTED PRICE
$3,600
PROJECTED RENT
0.48%
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
$204,500
LOAN DETAILS
$2,767
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $187,500 |
| Loan Amount | $562,500 |
5.92
YEARS SAVED
$59,610
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,600
LIST RENT -
$1.13
LIST RENT PER SQFT
-
$3,571
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
6208 E Hillery Drive Scottsdale, AZ 3
- 5 beds 3 baths ∙ 3,181 Sqft ∙ Built 1989 5 beds 3 baths ∙ 3,181 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $3,600
- $1.13
-
6213 E Helm Drive Scottsdale, AZ 1
- 5 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991
LEASED 12/01/19- Rent
- Rent Per SQFT
- $3,500
- $1.03
-
6415 E Winchcomb Drive Scottsdale, AZ 2
- 5 beds 3 baths ∙ 3,386 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,386 Sqft ∙ Built 1996
LEASED 11/25/19- Rent
- Rent Per SQFT
- $3,600
- $1.06
-
6233 E Marilyn Road Scottsdale, AZ 4
- 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
-
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
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6151171
Last Updated: 10/30/2020
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.
