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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $353.14
- 5 Days on Market
- MLS # : 6174113
- Updated Date : 12/23/2020 at 21:09
CONSTRUCTION
- Beds : 2
- Floor Size : 1,897 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
How fast can you move? Outstanding contemporary living and located in the heart of Old Town Scottsdale. This 2/3 bedroom & 2 full + 2 half bathroom townhome's floor plan has been carefully thought out and equipped with all of the currently ''in'' design style counter tops, plumbing and lighting fixtures. One of the best located units in the complex also features Clare Home controlled climate and security, tankless hot water heater, water softener, and folding patio doors on great room and back patio to open up and connect indoor/outdoor living spaces. Views of Papago and Camelback from the master bedroom patio. Throw in a cozy outdoor space and a two car garage with overhead storage and you have a pristine home in a dream location.
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PRICE & RENT TRENDS
Neighborhood: Downtown Scottsdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Downtown Scottsdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,890 |
| EXPENSES | Loan Payment | -$2,472 |
| Property Tax | -$313 | |
| Property Insurance | -$64 | |
| HOA | -$322 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$380
|
||
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.
$669,900
PROJECTED PRICE
$2,890
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | -0.6% |
| 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
$183,274
LOAN DETAILS
$2,472
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $167,475 |
| Loan Amount | $502,425 |
2.42
YEARS SAVED
$14,630
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
-
$3,135
COMP ESTIMATED VALUE -
$1.65
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 05/21/20- Rent
- Rent Per SQFT
- $3,000
- $1.54
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6803 E Main Street #3309 Scottsdale, AZ 3
- 2 beds 3 baths ∙ 1,811 Sqft ∙ Built 2008 2 beds 3 baths ∙ 1,811 Sqft ∙ Built 2008
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LEASED 03/20/20- Rent
- Rent Per SQFT
- $3,050
- $1.68
-
4020 N Scottsdale Road #3003 Scottsdale, AZ 4
- 2 beds 2 baths ∙ 1,872 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,872 Sqft ∙ Built 2008
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LEASED 05/04/20- Rent
- Rent Per SQFT
- $3,200
- $1.71
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3233 N 70th Street #1017 Scottsdale, AZ 5
- 2 beds 4 baths ∙ 1,939 Sqft ∙ Built 2017 2 beds 4 baths ∙ 1,939 Sqft ∙ Built 2017
![property image]()
LEASED 07/29/20- Rent
- Rent Per SQFT
- $3,250
- $1.68
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174113
Last Updated: 12/23/2020
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.
