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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $274.36
- 3 Days on Market
- MLS # : 6165012
- Updated Date : 11/27/2020 at 12:55
CONSTRUCTION
- Beds : 2
- Floor Size : 2,001 sqft
- Baths : 2 full
Listing Agent
Corcoran Platinum Living
Listing Agent's Description
WINFIELD - Gorgeous VIEWS of Winfield Mountain from Great room and Patio; corner lot, short walking distance to Pool, Clubhouse, Fitness, Tennis & Pickleball and more! Spacious Kitchen opens to Great room. Large Master with walk-in closet and separate entry to patio. Office can be closed off as a 3rd bedroom option. Immaculate and well maintained...NEW HVAC, garage opener, microwave in 2019, NEW water softener, RO & bedroom carpets in 2018. NEW PHOTOS COMING SOON!
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PRICE & RENT TRENDS
Neighborhood: Winfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Winfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,950 |
| EXPENSES | Loan Payment | -$2,026 |
| Property Tax | -$267 | |
| Property Insurance | -$66 | |
| HOA | -$77 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$415
|
||
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.
$549,000
PROJECTED PRICE
$2,950
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 0.9% |
| 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
$151,235
LOAN DETAILS
$2,026
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,250 |
| Loan Amount | $411,750 |
9.5
YEARS SAVED
$86,023
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,950
LIST RENT -
$1.47
LIST RENT PER SQFT
-
$3,217
COMP ESTIMATED VALUE -
$1.61
COMP AVG. RENT PER SQFT
Comps Range
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33412 N 69th Place Scottsdale, AZ 4
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LEASED 09/30/20- Rent
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LEASED 11/23/20- Rent
- Rent Per SQFT
- $3,800
- $1.90
PROPERTY LISTING DETAILS
Corcoran Platinum Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165012
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.
