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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $181.35
- 2 Days on Market
- MLS # : 6164384
- Updated Date : 11/28/2020 at 13:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,371 sqft
- Baths : 2 full , 1 half
Listing Agent
Corcoran Platinum Living
Listing Agent's Description
You will not want to miss this beauty in the highly sought after Arizona Silverado subdivision. This stunning home boasts 4 full bedrooms, 2.5 bathrooms in a cul de sac=, and an open flowing floorpan. 2 car garage with great walking paths all thru the neigborhoods - just north of grayhawk areas and golf course =close to shopping and 2 miles north of the scottsdale 101 freeway
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PRICE & RENT TRENDS
Neighborhood: Hermosa Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hermosa Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,380 |
| EXPENSES | Loan Payment | -$1,586 |
| Property Tax | -$320 | |
| Property Insurance | -$73 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$231
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$429,990
PROJECTED PRICE
$2,380
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 2.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| 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
$119,697
LOAN DETAILS
$1,586
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $107,498 |
| Loan Amount | $322,493 |
7.67
YEARS SAVED
$50,897
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
-
$2,377
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
7500 E Deer Valley Road #149 Scottsdale, AZ 1
- 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
7500 E Deer Valley Road #18 Scottsdale, AZ 2
- 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2000
![property image]()
LEASED 05/29/20- Rent
- Rent Per SQFT
- $2,128
- $0.90
-
7500 E Deer Valley Road #167 Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2000
![property image]()
LEASED 01/13/20- Rent
- Rent Per SQFT
- $2,150
- $0.91
-
7500 E Deer Valley Road #124 Scottsdale, AZ 4
- 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2000
![property image]()
LEASED 11/27/20- Rent
- Rent Per SQFT
- $2,300
- $0.97
-
22324 N 76th Place Scottsdale, AZ 5
- 4 beds 2 baths ∙ 2,366 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,366 Sqft ∙ Built 1999
![property image]()
LEASED 08/06/20- Rent
- Rent Per SQFT
- $2,899
- $1.23
PROPERTY LISTING DETAILS
Corcoran Platinum Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164384
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.
