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PROPERTY INFO
FACTS
- Built In 1974
- Price/Sqft : $302.71
- 2 Days on Market
- MLS # : 6155280
- Updated Date : 11/02/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,177 sqft
- Baths : 3 full
Listing Agent
Arizona Best Real Estate
Listing Agent's Description
This completely remodeled home is in the magic zip code 85254 just minutes away from Kierland Commons! The grand entrance with uniquely designed courtyard welcomes the new homeowners. This home has fine detailed finishes. Right from the front door you are greeted by spacious interior displaying beautiful flooring, a cozy dining room, living room and modern kitchen featuring stainless steel gas appliances. The split floor plan with two master bedrooms have modern designed bathrooms, barn doors and spacious closets. Plantation shutters complete the look and add privacy. Direct access from each bedroom to the beautiful entertainer's oasis in the back yard where you enjoy the beautiful diving pool and expansive covered patios.
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PRICE & RENT TRENDS
Neighborhood: Raskin Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Raskin Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,570 |
| EXPENSES | Loan Payment | -$2,431 |
| Property Tax | -$493 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$523
|
||
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.
$659,000
PROJECTED PRICE
$2,570
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.9% |
| 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
$180,385
LOAN DETAILS
$2,431
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $164,750 |
| Loan Amount | $494,250 |
1.58
YEARS SAVED
$7,694
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,570
LIST RENT -
$1.18
LIST RENT PER SQFT
-
$2,705
COMP ESTIMATED VALUE -
$1.24
COMP AVG. RENT PER SQFT
Comps Range
-
6402 E Jean Drive Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $2,570
- $1.18
-
6102 E Friess Drive Scottsdale, AZ 1
- 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 1979
LEASED 01/03/20- Rent
- Rent Per SQFT
- $2,315
- $1.07
-
6629 E Dreyfus Avenue Scottsdale, AZ 2
- 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 1971
LEASED 11/23/19- Rent
- Rent Per SQFT
- $2,500
- $1.22
-
6548 E Presidio Road Scottsdale, AZ 4
- 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 1974
LEASED 12/15/19- Rent
- Rent Per SQFT
- $2,750
- $1.25
-
6802 E Ludlow Drive Scottsdale, AZ 5
- 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1977
LEASED 04/11/20- Rent
- Rent Per SQFT
- $2,950
- $1.43
PROPERTY LISTING DETAILS
Arizona Best Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6155280
Last Updated: 11/02/2020
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.
