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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $347.22
- 4 Days on Market
- MLS # : 6171505
- Updated Date : 01/14/2021 at 18:24
CONSTRUCTION
- Beds : 3
- Floor Size : 1,800 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Sonoran Living
Listing Agent's Description
Incredible 3 bed/2 bath Scottsdale home, just 1.5 miles from amazing dining, shopping, and outdoor fun at Kierland Commons/Scottsdale Quarter. This beautifully updated gem has charming curb appeal, RV side yard and RV gate. Spacious open floor plan with beautiful flooring and a corner fireplace. Custom solid core shaker doors throughout, with Anderson wood patio doors at Dining and Master Bedroom. The kitchen will delight any chef with hand-selected granite counters, stainless appliances, R/O purified water, soft close drawers, 2 pantries and breakfast island. Master bedroom retreat is split from 2nd bedrooms w/ sliding doors to patio, private en suite, and separate makeup vanity. Amazing backyard has 3 covered patios, Pebbletec diving pool w/ new cool deck in 2020. Laundry cabinets too
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PRICE & RENT TRENDS
Neighborhood: La Paz at Desert Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: La Paz at Desert Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,590 |
| EXPENSES | Loan Payment | -$2,171 |
| Property Tax | -$468 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$210
|
||
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.
$625,000
PROJECTED PRICE
$2,590
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.5% |
| 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
$171,375
LOAN DETAILS
$2,171
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $156,250 |
| Loan Amount | $468,750 |
3.5
YEARS SAVED
$19,215
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,590
LIST RENT -
$1.44
LIST RENT PER SQFT
-
$2,826
COMP ESTIMATED VALUE -
$1.57
COMP AVG. RENT PER SQFT
Comps Range
-
6245 E Evans Drive Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $2,590
- $1.44
-
6776 E Evans Drive Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1996
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,600
- $1.56
-
5924 E Marilyn Road Scottsdale, AZ 3
- 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 1984
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,650
- $1.62
-
5731 E Evans Drive Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1989
LEASED 10/02/20- Rent
- Rent Per SQFT
- $2,700
- $1.49
-
6407 E Marilyn Road Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1996
LEASED 09/13/20- Rent
- Rent Per SQFT
- $2,990
- $1.61
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6171505
Last Updated: 01/14/2021
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.
