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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $356.84
- 5 Days on Market
- MLS # : 6179051
- Updated Date : 01/13/2021 at 20:50
CONSTRUCTION
- Beds : 3
- Floor Size : 2,382 sqft
- Baths : 2 full
Listing Agent
Keller Williams Northeast Realty
Listing Agent's Description
One of Terravita's most popular great room floorplans, located on one of it's most private and quiet lots with fantastic BLACK MOUNTAIN VIEWS and very close to all the amazing Terravita community amenities. This original owner renovated and updated the home including replacing both the original All tile Roof and the HVAC. The large island Kitchen and Master Bath have been wonderfully remodeled with gorgeous cabinets, level 6 slab granite tops, and stone floors. Outdoor living might even be better the is set on a perfectly private lot that backs to acres & acres of lush desert, Golf course and Black Mountain Views, with an oversized flagstone patio and a large natural boulder water feature dead in the center of the community so no noisy roads to interrupt your solitude. Other features
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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 | $3,100 |
| EXPENSES | Loan Payment | -$2,952 |
| Property Tax | -$397 | |
| Property Insurance | -$74 | |
| HOA | -$339 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$761
|
||
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.
$850,000
PROJECTED PRICE
$3,100
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
$231,000
LOAN DETAILS
$2,952
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $212,500 |
| Loan Amount | $637,500 |
1.08
YEARS SAVED
$3,919
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,100
LIST RENT -
$1.3
LIST RENT PER SQFT
-
$2,882
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
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6638 E Brilliant Sky Drive Scottsdale, AZ 4
- 3 beds 2 baths ∙ 2,382 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,382 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $3,100
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7337 E Russet Sky Drive Scottsdale, AZ 1
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LEASED 07/15/20- Rent
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- $2,495
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- 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 2013
LEASED 11/06/20- Rent
- Rent Per SQFT
- $2,695
- $1.24
-
35407 N 54th Street Cave Creek, AZ 3
- 3 beds 2 baths ∙ 2,328 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,328 Sqft ∙ Built 1998
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,750
- $1.18
PROPERTY LISTING DETAILS
Keller Williams Northeast Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6179051
Last Updated: 01/13/2021
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.
