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PROPERTY INFO
FACTS
- Single Family
- Built In 1967
- Price/Sqft : $394.93
- 1 Days on Market
- MLS # : 6182164
- Updated Date : 01/17/2021 at 04:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,380 sqft
- Baths : 2 full
Listing Agent
Delex Realty
Listing Agent's Description
LOCATION, LOCATION, LOCATION. NO HOA. HIGHLY DESIRED AREA. LOCATED NEAR SCOTTSDALE COMM COLLEGE. TO THE SOUTH. NEAR TALKING STICK CASINO AND HOTEL TO THE NORTH. GREAT SHOPPING AREAS NEARBY AND OUTSTANDING EATING VENUES. BEAUTIFUL WALKING PARK 2+-MILES AWAY. PERFECT FAMILY ORIENTED NEIGHBORHOOD. BRAND NEW KITCHEN WITH RECESSED LIGHTING, NEW STAINLESS STEEL APPLIANCES. NEW 12X14 TILE INSTALLED THROUGHOUT THE HOUSE EXCEPT FOR THE BEDROOMS. TOO MANY AMENIETIES TO LIST. BRING INTERESTED BUYERS. THIS ONE WILL NOT LAST.
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PRICE & RENT TRENDS
Neighborhood: Indian Bend
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Indian Bend
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,030 |
| EXPENSES | Loan Payment | -$1,893 |
| Property Tax | -$255 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$271
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$545,000
PROJECTED PRICE
$2,030
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$150,175
LOAN DETAILS
$1,893
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $136,250 |
| Loan Amount | $408,750 |
3.25
YEARS SAVED
$14,369
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,030
LIST RENT -
$1.47
LIST RENT PER SQFT
-
$2,025
COMP ESTIMATED VALUE -
$1.47
COMP AVG. RENT PER SQFT
Comps Range
-
6332 N Granite Reef Road Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1967
- Rent
- Rent Per SQFT
- $2,030
- $1.47
-
8213 E Rose Lane Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,680
- $1.24
-
8235 E Rose Lane Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,000
- $1.48
-
8243 E Redwing Road Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1967
LEASED 10/29/20- Rent
- Rent Per SQFT
- $2,035
- $1.47
-
8428 E Malcomb Drive Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 1979
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,400
- $1.68
PROPERTY LISTING DETAILS
Delex Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182164
Last Updated: 01/17/2021
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.
