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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $362.59
- 3 Days on Market
- MLS # : 6191872
- Updated Date : 02/12/2021 at 21:57
CONSTRUCTION
- Beds : 3
- Floor Size : 1,652 sqft
- Baths : 2 full
Listing Agent
Keller Williams Arizona Realty
Listing Agent's Description
Fantastic opportunity for a primary residence in the gated community of Los Portones, which is located in Scottsdale 85255. This ''COMPLETELY'' renovated modern home is within walking distance to fine shops and restaurants. The home offers clean lines, plank wood flooring and is upgraded for your most selective buyer. The kitchen features soft close custom 42'' inch white cabinetry with under-cabinet lighting, new stainless steel appliances, modern glass tile backsplash, quartz countertops, walk-in pantry, and island with breakfast bar and overhead lighting throughout. Large sliders lead to a private North facing full-length covered patio, extended patio and low-maintenance backyard with mature desert landscaping. The master bedroom has a bay window & private bath with dual sink vanity,
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PRICE & RENT TRENDS
Neighborhood: Premiere at Pinnacle Peak West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Premiere at Pinnacle Peak West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,450 |
| EXPENSES | Loan Payment | -$2,081 |
| Property Tax | -$446 | |
| Property Insurance | -$59 | |
| HOA | -$3 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$238
|
||
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.
$599,000
PROJECTED PRICE
$2,450
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.5% |
| 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
$164,485
LOAN DETAILS
$2,081
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $149,750 |
| Loan Amount | $449,250 |
3.25
YEARS SAVED
$16,217
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,450
LIST RENT -
$1.48
LIST RENT PER SQFT
-
$2,445
COMP ESTIMATED VALUE -
$1.48
COMP AVG. RENT PER SQFT
Comps Range
-
7284 E Softwind Drive Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $2,450
- $1.48
-
7393 E Hanover Way Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1994
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,000
- $1.21
-
7372 E Adele Court Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1993
LEASED 01/01/21- Rent
- Rent Per SQFT
- $2,500
- $1.51
-
7360 E Adele Court Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1993
LEASED 01/22/21- Rent
- Rent Per SQFT
- $2,595
- $1.57
-
7249 E Softwind Drive Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1993
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,700
- $1.63
PROPERTY LISTING DETAILS
Keller Williams Arizona Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6191872
Last Updated: 02/12/2021
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.
