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PROPERTY INFO
FACTS
- Single Family
- Built In 1959
- Price/Sqft : $370.37
- 5 Days on Market
- MLS # : 6174191
- Updated Date : 12/26/2020 at 12:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,350 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Must See!! This beautifully updated 3 bedroom home with newer roof, updated wood-look tile flooring throughout, a great open floor plan with tons of natural light! The kitchen is huge! It offers tons of storage and features modern white cabinetry, granite countertops, mosaic tile backsplash, updated hardware, large island with breakfast bar seating, stainless steel appliances and access to the backyard through the newer sliding glass door. Both bathrooms have been updated with custom tile showers and the bedrooms are sizable with the master suite featuring private access to the backyard. The backyard is great for entertaining! Featuring an oversized covered travertine patio, artificial turf built-in BBQ with sink mini fridge space, and a sleek sparkling pool to cool off in the summer.
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PRICE & RENT TRENDS
Neighborhood: Papago Parkway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Papago Parkway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,845 |
| Property Tax | -$234 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$531
|
||
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.
$499,999
PROJECTED PRICE
$1,700
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.8% |
| 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
$138,250
LOAN DETAILS
$1,845
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $125,000 |
| Loan Amount | $374,999 |
1.17
YEARS SAVED
$2,968
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$1.26
LIST RENT PER SQFT
-
$1,708
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
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6614 E Moreland Street Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1959
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- Rent
- Rent Per SQFT
- $1,700
- $1.26
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6813 E Latham Street Scottsdale, AZ 1
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LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,595
- $1.09
-
6743 E Latham Street Scottsdale, AZ 2
- 3 beds 3 baths ∙ 1,478 Sqft ∙ Built 1960 3 beds 3 baths ∙ 1,478 Sqft ∙ Built 1960
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LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,625
- $1.10
-
6713 E Latham Street Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1958
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LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,950
- $1.38
-
36 E Fillmore Street Tempe, AZ 5
- 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1959
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,025
- $1.49
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174191
Last Updated: 12/26/2020
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.
