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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $307.96
- 2 Days on Market
- MLS # : 6178989
- Updated Date : 01/10/2021 at 01:22
CONSTRUCTION
- Beds : 4
- Floor Size : 2,500 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Don't miss out - BUY NOW & RENT Back! This home is truly a ''GEM'' with many upgrades and updates (see upgrades list). INCLUDES ''SELLER-PAID HOME WARRANTY'' for peace-of-mind! Gorgeous one-level in esteemed North Scottsdale Grayhawk Community. GREAT location with upscale restaurants, shopping, golfing, over 30 miles of hiking, walking and biking trails, many parks, excelling Scottsdale schools, fine dining and a plethora of shopping choices. Truly an A+ location LIFESTYLE with easy access to routes 101, 51, 60, 202 and airport. Patio oasis with sparkling Pebble Tec HEATED pool and water feature - Mini resort-like backyard. Master suite has doors to pool area. Separate tub & shower, double sinks, etc. Office/den off living room could be 4th bdrm if needed. Plantation window shutters.
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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 | $3,270 |
| EXPENSES | Loan Payment | -$2,674 |
| Property Tax | -$573 | |
| Property Insurance | -$76 | |
| HOA | -$22 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$174
|
||
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.
$769,900
PROJECTED PRICE
$3,270
PROJECTED RENT
0.42%
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
$209,774
LOAN DETAILS
$2,674
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $192,475 |
| Loan Amount | $577,425 |
4.08
YEARS SAVED
$29,155
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
-
$3,063
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
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7449 E Journey Lane Scottsdale, AZ 1
- 4 beds 2 baths ∙ 2,500 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,500 Sqft ∙ Built 1996
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- $0
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7670 E Quill Lane Scottsdale, AZ 2
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LEASED 12/26/14- Rent
- Rent Per SQFT
- $2,700
- $1.02
-
7741 E Buteo Drive Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998
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LEASED 10/01/20- Rent
- Rent Per SQFT
- $3,195
- $1.31
-
7842 E Nestling Way Scottsdale, AZ 4
- 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998
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LEASED 03/15/20- Rent
- Rent Per SQFT
- $3,200
- $1.31
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7711 E Thunderhawk Road Scottsdale, AZ 5
- 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 1998
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $3,200
- $1.26
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178989
Last Updated: 01/10/2021
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.
