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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $225.69
- 2 Days on Market
- MLS # : 6165508
- Updated Date : 11/28/2020 at 13:37
CONSTRUCTION
- Beds : 5
- Floor Size : 2,880 sqft
- Baths : 3 full
Listing Agent
Re/max Fine Properties
Listing Agent's Description
Spacious home set on North/ South lot situated in one of the most convenient neighborhoods in Grayhawk! Open kitchen to family room. Large rooms. Loft area upstairs could be ideal for that work from home space so many are needing right now. Resort like yard with sparking pool and privacy.Perfect location just steps from dining and shopping! Enjoy all that the Grayhawk offers set in in the beautiful Sonoran Desert . Over 30 miles of hiking, walking and biking trails, Golf, many parks, basketball court, community activities, excelling Scottsdale schools, fine dining and a plethora of shopping choices, this is a LIFESTYLE! With easy access to the 101, this really is an A+ location. MUST SEE!
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PRICE & RENT TRENDS
Neighborhood: Grayhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Grayhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,430 |
| EXPENSES | Loan Payment | -$2,398 |
| Property Tax | -$499 | |
| Property Insurance | -$83 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$329
|
||
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.
$650,000
PROJECTED PRICE
$3,430
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.0% |
| 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
$178,000
LOAN DETAILS
$2,398
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $162,500 |
| Loan Amount | $487,500 |
8
YEARS SAVED
$79,492
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
-
$3,485
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
-
7337 E Tailfeather Drive Scottsdale, AZ 1
- 5 beds 3 baths ∙ 2,880 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,880 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $0
- $0.00
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7360 E Wing Shadow Road Scottsdale, AZ 2
- 5 beds 3 baths ∙ 2,747 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,747 Sqft ∙ Built 1998
LEASED 07/23/19- Rent
- Rent Per SQFT
- $3,300
- $1.20
-
7663 E Candelaria Drive Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 1999
LEASED 07/15/20- Rent
- Rent Per SQFT
- $3,300
- $1.16
-
7419 E Thunderhawk Road Scottsdale, AZ 4
- 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 1996
LEASED 08/07/20- Rent
- Rent Per SQFT
- $3,495
- $1.25
-
22349 N 76th Place Scottsdale, AZ 5
- 5 beds 3 baths ∙ 2,849 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,849 Sqft ∙ Built 1999
LEASED 12/02/19- Rent
- Rent Per SQFT
- $3,500
- $1.23
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165508
Last Updated: 11/28/2020
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.
