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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $293.75
- 4 Days on Market
- MLS # : 6180951
- Updated Date : 01/14/2021 at 23:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,600 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
Charming 3 bedroom, 2 full bathroom all block Cavalier home features granite countertops in kitchen, tile flooring throughout, Vessel bathroom sink, dual pane windows installed and the entire roof was replaced in 2018. Rare 2 car garage with new Liftmaster opener installed Jan/21. This North-South lot has a large lot with grassy areas in front and back. Back yard has a side gate and a large double gate to alley for vehicle/toys access. Separate workshop/laundry room provides additional storage space. Close to old town, Skysong, ASU, Fashion Square and airport. No HOA fees!!!!
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PRICE & RENT TRENDS
Neighborhood: New Papago Parkway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New Papago Parkway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$1,632 |
| Property Tax | -$220 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$40
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$470,000
PROJECTED PRICE
$2,050
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$130,300
LOAN DETAILS
$1,632
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $117,500 |
| Loan Amount | $352,500 |
6.25
YEARS SAVED
$33,624
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$1.28
LIST RENT PER SQFT
-
$2,072
COMP ESTIMATED VALUE -
$1.3
COMP AVG. RENT PER SQFT
Comps Range
-
7301 E Latham Street Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $2,050
- $1.28
-
7326 E Latham Street Scottsdale, AZ 1
- 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960
LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,995
- $1.17
-
7025 E Culver Street Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1958
LEASED 02/10/20- Rent
- Rent Per SQFT
- $2,150
- $1.40
-
7508 E Diamond Street Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1960
LEASED 10/23/20- Rent
- Rent Per SQFT
- $2,150
- $1.26
-
7501 E Moreland Street Scottsdale, AZ 5
- 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 1959
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,295
- $1.35
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180951
Last Updated: 01/14/2021
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.
