Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $349.10
- 50 Days on Market
- MLS # : 6163730
- Updated Date : 12/18/2020 at 14:21
CONSTRUCTION
- Beds : 4
- Floor Size : 4,440 sqft
- Baths : 4 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Modern ranch to be built by Bella Legacy Custom Homes. Exceptional design, construction and finish, see upscale standard features in the documents tab. Customize to taste, select the desired elevation! Complete outdoor plan offered. Nestled into a cul-de-sac with up-close unobstructed views of Lone Mountain, the rolling high Sonoran desert, and distant McDowell Mountains. Build your dream desert dwelling on this prime Arizona retreat location. Conveniently located near walkable shopping, AJ's, restaurants, dedicated hiking and biking trails, preserve acres, and just a 30 minute drive to Bartlett Lake. Crimson and golden sunsets, evening stargazing, and the higher elevation, which enjoys 6-8 degrees cooler temperatures than Phoenix, are only a few of the advantages of this beautiful site.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Boulders
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Boulders
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,390 |
| EXPENSES | Loan Payment | -$5,384 |
| Property Tax | -$724 | |
| Property Insurance | -$114 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,930
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$1,550,000
PROJECTED PRICE
$4,390
PROJECTED RENT
0.28%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.5% |
| Maintenance Year (1-5) | 3.00% |
| 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
$412,750
LOAN DETAILS
$5,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $387,500 |
| Loan Amount | $1,162,500 |
0.33
YEARS SAVED
$738
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$6,371
COMP ESTIMATED VALUE -
$1.44
COMP AVG. RENT PER SQFT
Comps Range
-
7100 E Rancho Del Oro Drive E Scottsdale, AZ 1
- 4 beds 5 baths ∙ 4,440 Sqft ∙ Built 2021 4 beds 5 baths ∙ 4,440 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
7214 E Alta Sierra Drive Scottsdale, AZ 2
- 5 beds 5 baths ∙ 4,276 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,276 Sqft ∙ Built 2003
![property image]()
LEASED 07/25/20- Rent
- Rent Per SQFT
- $5,500
- $1.29
-
29914 N 72nd Place Scottsdale, AZ 3
- 5 beds 4 baths ∙ 4,276 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,276 Sqft ∙ Built 2004
![property image]()
LEASED 03/25/20- Rent
- Rent Per SQFT
- $6,750
- $1.58
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163730
Last Updated: 12/18/2020
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.
