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INVESTimate
$445,000
List Price
$123,675
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1993
- Price/Sqft : $281.65
- 3 Days on Market
- MLS # : 6121823
- Updated Date : 08/25/2020 at 14:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,580 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
UPDATED plumbing, roof, lighting, storage access & more! Single level home in highly desirable PINNACLE PEAK VILLAS within the LOS PORTONES gated community in North Scottsdale 85255. Spacious open floor plan w/ vaulted ceilings, plantation shutters, FP w/mantel & tile surrounds. Eat-in kitchen w/ large window and open to the great room. Stainless steel Frigidaire Gallery appliances. Master bdrm w/ slider to covered patio & bathroom w/double vanities, walk-in shower w/glass door, separate tub, & walk-in closet w/built-ins. Much to enjoy in this neighborhood w/natural desert washes. Relax poolside in the heated community swimming pool. PRIME LOCATION. Walking distance to fine dining, shopping and minutes to the 101 loop!
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PRICE & RENT TRENDS
Neighborhood: Pinnacle Peak Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pinnacle Peak Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,020 |
EXPENSES | Loan Payment | -$1,642 |
Property Tax | -$331 | |
Property Insurance | -$58 | |
HOA | -$150 | |
Property Management Fees | -$99 | |
CASH FLOW
-$260
|
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.
$445,000
PROJECTED PRICE
$2,020
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.17% |
Appreciation Year (1-5) | 2.47% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.60% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$123,675
LOAN DETAILS
$1,642
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $111,250 |
Loan Amount | $333,750 |
2.33
YEARS SAVED
$8,785
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$1.28
LIST RENT PER SQFT
-
$2,022
COMP ESTIMATED VALUE -
$1.28
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121823
Last Updated: 08/25/2020

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.