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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $187.76
- 2 Days on Market
- MLS # : 6183907
- Updated Date : 01/31/2021 at 04:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,704 sqft
- Baths : 2 full
Listing Agent
Scottsdale Prestige Properties
Listing Agent's Description
WONDERFUL, COMPLETELY REMODELED HOME IN A QUIET, CONVENIENTLY LOCATED NEIGHBORHOOD CLOSE TO HWY 10 & 101! THE SOLAR SYSTEM LEASE HAS BEEN PAID OFF IN FULL AND REALIZES AN AVERAGE SAVINGS OF AT LEAST $200/MONTH+ IN REDUCED ELECTRICAL BILLS!!! NEW KITCHEN INCLUDING STAINLESS STEEL APPLIANCES, CABINETS, COUNTER TOPS, KITCHEN SINK & FAUCET, FLOORS, CARPET, INTERIOR & EXTERIOR PAINT, 6-PANEL DOORS & MOULDING, DECORA PLUGS & SWITCHES, REMOTE CONTROL CEILING FANS, VANITIES, LIGHTS AND GARAGE DOOR OPENER! WOULD PREFER TO SELL TO AN ALL-CASH BUYER WHO CAN CLOSE QUICKLY! LARGE FAMILY ROOM IN THE BACK OF THE HOUSE COULD EASILY BE CONVERTED INTO ANOTHER MASTER SUITE/BATHROOM! DUAL PANE, VINYL WINDOWS! EXTRA ATTIC INSULATION. NO HOA, PLENTY OF OFF-STREET PARKING BEHIND RV GATE! 2 FIREPLACES! SELL IT!
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PRICE & RENT TRENDS
Neighborhood: Yucca
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Yucca
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,280 |
EXPENSES | Loan Payment | -$1,111 |
Property Tax | -$184 | |
Property Insurance | -$60 | |
Property Management Fees | -$99 | |
CASH FLOW
-$175
|
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.
$319,950
PROJECTED PRICE
$1,280
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.32% |
Appreciation Year (1-5) | 7.0% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.56% |
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
$90,537
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $79,988 |
Loan Amount | $239,963 |
2.83
YEARS SAVED
$7,030
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
-
$1,363
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Scottsdale Prestige Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183907
Last Updated: 01/31/2021

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.