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PROPERTY INFO
FACTS
- Single Family
- Built In 1961
- Price/Sqft : $292.76
- 3 Days on Market
- MLS # : 6165213
- Updated Date : 11/27/2020 at 18:45
CONSTRUCTION
- Beds : 4
- Floor Size : 1,810 sqft
- Baths : 1 full , 1 half
Listing Agent
American Realty Brokers
Listing Agent's Description
Gorgeous 4 bdrm, 2 bath home in the heart of Scottsdale on a large 11,540sf cul de sac lot. The house was completely remodeled in 2020 including new HVAC system, new electric panel, new windows and doors, new base trim, new flooring, new lighting and plumbing fixtures, completely remodeled kitchen and both baths remodeled. New Oct 2020: interior/exterior paint, updated front yard landscape. This is a beauty!
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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 | $1,950 |
| EXPENSES | Loan Payment | -$1,955 |
| Property Tax | -$248 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$414
|
||
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.
$529,900
PROJECTED PRICE
$1,950
PROJECTED RENT
0.37%
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
$146,174
LOAN DETAILS
$1,955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $132,475 |
| Loan Amount | $397,425 |
2.17
YEARS SAVED
$9,074
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$2,136
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
7307 E Pierce Street Scottsdale, AZ 3
- 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1961
![property image]()
- Rent
- Rent Per SQFT
- $1,950
- $1.08
-
1115 E Bluebell Lane Tempe, AZ 1
- 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 1962
![property image]()
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,850
- $1.08
-
7237 E Mckinley Street Scottsdale, AZ 2
- 4 beds 2 baths ∙ 1,617 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,617 Sqft ∙ Built 1961
![property image]()
LEASED 08/19/20- Rent
- Rent Per SQFT
- $1,950
- $1.21
-
7413 E Polk Street Scottsdale, AZ 4
- 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 1961
![property image]()
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,000
- $1.13
-
7431 E Diamond Street Scottsdale, AZ 5
- 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1960
![property image]()
LEASED 10/28/20- Rent
- Rent Per SQFT
- $2,195
- $1.30
PROPERTY LISTING DETAILS
American Realty Brokers
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165213
Last Updated: 11/27/2020
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.
