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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $433.56
- 6 Days on Market
- MLS # : 6182673
- Updated Date : 01/22/2021 at 20:01
CONSTRUCTION
- Beds : 2
- Floor Size : 1,603 sqft
- Baths : 2 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Akin to walking into a zen spa retreat, not a detail has been overlooked in this sleek and modern Terravita home. Bright & clean white palette throughout and zero interior steps. Generous private patio courtyard with blooming yellow bell vines. Living spaces are sleek & lustrous with clean lines. Sophisticated kitchen offers Wolf induction cooktop, bright quartz countertops, custom cabinets. Floors are imported limestone and flow throughout the home. Master is spacious and bright - master bath offers delightful soaking tub. High end touches abound from the new windows to spray foam insulation added to ceiling and walls to promote energy efficiency. Quiet patio is shaded and private. This contemporary home is an unexpected delight.
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PRICE & RENT TRENDS
Neighborhood: Terravita
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Terravita
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,500 |
| EXPENSES | Loan Payment | -$2,414 |
| Property Tax | -$325 | |
| Property Insurance | -$58 | |
| HOA | -$339 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$735
|
||
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.
$695,000
PROJECTED PRICE
$2,500
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$189,925
LOAN DETAILS
$2,414
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $173,750 |
| Loan Amount | $521,250 |
0.5
YEARS SAVED
$1,042
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,228
COMP ESTIMATED VALUE -
$1.39
COMP AVG. RENT PER SQFT
Comps Range
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- $2,200
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7371 E Sunset Sky Circle Scottsdale, AZ 3
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LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,350
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6763 E Whispering Mesquite Trail Scottsdale, AZ 4
- 2 beds 2 baths ∙ 1,671 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,671 Sqft ∙ Built 1996
LEASED 09/15/19- Rent
- Rent Per SQFT
- $2,395
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32427 N 71st Way Scottsdale, AZ 5
- 2 beds 2 baths ∙ 1,723 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,723 Sqft ∙ Built 1995
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,495
- $1.45
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182673
Last Updated: 01/22/2021
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.
