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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $309.16
- 2 Days on Market
- MLS # : 5877109
- Updated Date : 01/16/2021 at 01:18
CONSTRUCTION
- Beds : 4
- Floor Size : 3,558 sqft
- Baths : 3 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
LOCATION LOCATION LOCATIONJust North of Downtown Scottsdale Waterfront, Scottsdale Fashion Square Mall & Tons of Culinary & Entertainment Kiva Elementary, Mohave Middle, Saguaro High Golf courses galore. This home has class and practicality that has been maintained regularly. Designs by Jeff Tru & other Artist. Furnishings are negotiable separate bill of sale. Extra storage on side of house, Beautiful & Lush Green Quiet Backyard with a Pool. 360*security system.This Home is both an Entertainers Delight & a semi-custom Family Home.Few changes may be desired by new owner.Gazebo awaits a hot tub. 3 Masterbed/bath Gorgeous Kitchen, Dining, Lovely Neighbors, Golfing, parks, paths nearby. Lush Quiet Backyard. Upgraded 4 Disabled.Please schedule to view. 2 A/C units,security rollershields
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PRICE & RENT TRENDS
Neighborhood: Conejo Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Conejo Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,960 |
| EXPENSES | Loan Payment | -$3,821 |
| Property Tax | -$514 | |
| Property Insurance | -$97 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$571
|
||
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.
$1,100,000
PROJECTED PRICE
$3,960
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.1% |
| 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
$297,250
LOAN DETAILS
$3,821
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $275,000 |
| Loan Amount | $825,000 |
2.75
YEARS SAVED
$24,280
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,960
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$3,902
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
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7408 E Arlington Road Scottsdale, AZ 2
- 4 beds 4 baths ∙ 3,558 Sqft ∙ Built 1980 4 beds 4 baths ∙ 3,558 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $3,960
- $1.11
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8100 E Camelback Road #62 Scottsdale, AZ 1
- 3 beds 3 baths ∙ 3,374 Sqft ∙ Built 1990 3 beds 3 baths ∙ 3,374 Sqft ∙ Built 1990
LEASED 01/15/20- Rent
- Rent Per SQFT
- $2,600
- $0.77
-
6701 N Scottsdale Road #19 Scottsdale, AZ 3
- 3 beds 3 baths ∙ 3,696 Sqft ∙ Built 1978 3 beds 3 baths ∙ 3,696 Sqft ∙ Built 1978
LEASED 07/06/20- Rent
- Rent Per SQFT
- $4,300
- $1.16
-
6814 N 72nd Place Scottsdale, AZ 4
- 4 beds 3 baths ∙ 3,304 Sqft ∙ Built 1972 4 beds 3 baths ∙ 3,304 Sqft ∙ Built 1972
LEASED 06/15/20- Rent
- Rent Per SQFT
- $4,500
- $1.36
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 5877109
Last Updated: 01/16/2021
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.
