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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $366.15
- 2 Days on Market
- MLS # : 6165493
- Updated Date : 11/28/2020 at 04:28
CONSTRUCTION
- Beds : 2
- Floor Size : 2,047 sqft
- Baths : 2 full
Listing Agent
Schilling Fine Homes
Listing Agent's Description
WALK INTO LOVELY PVT COURTYARD TO FRONT DOOR ENTRY-ENTER INTO SPACIOUS&BRIGHT OPEN SINGLE LEVEL FLOOR PLAN --LIVING AREA W GAS FIREPLACE-LARGE DINING AREA -WALL OF WINDOWS MAKE ROOMS LIGHT & BRIGHT-KITCHEN FEATURES GAS STOVE-QUARTZ COUNTERS-BREAKFAST BAR -PLENTY OF CABINETS FOR EXTRA STORAGE -EAT IN AREA -LOOKS OUT TO SUNNY FAMILY ROOM W ACCESS OUT TO YOUR PRIVATE PATIO -GREAT ENTERTAINMENT HOME! OVERSIZED MASTER SUITE W ACCESS TO HEATED IN GROUND SPA-FULL MASTER BATH W DBLSINKS-SEP TUB SHOWER-PLUS WALK IN CLOSET-DEN/OFFICE AREA COULD BE A 3RD BEDROOM-SPLIT GUEST ROOM W GUEST BATH-W TUB/SHOWER -SEP LAUNDRY ROOM - DIRECT ACCESS INTO HOME FROM 2CGARAGE-BUILT IN CABINETS-WALKING DISTANCE TO RESORT STYLE COMM POOL-24 HR GUARD GATED COMM -TENNIS & PICKLE BALL -NEW CLUBHOUSE COMING IN 2021
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PRICE & RENT TRENDS
Neighborhood: The Greens at Gainey Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Greens at Gainey Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,430 |
| EXPENSES | Loan Payment | -$2,765 |
| Property Tax | -$410 | |
| Property Insurance | -$67 | |
| HOA | -$471 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$383
|
||
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.
$749,500
PROJECTED PRICE
$3,430
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.9% |
| 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
$204,368
LOAN DETAILS
$2,765
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $187,375 |
| Loan Amount | $562,125 |
2.5
YEARS SAVED
$17,241
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
-
$3,137
COMP ESTIMATED VALUE -
$1.53
COMP AVG. RENT PER SQFT
Comps Range
-
7525 E Gainey Ranch Road #122 Scottsdale, AZ 1
- 2 beds 2 baths ∙ 2,047 Sqft ∙ Built 1992 2 beds 2 baths ∙ 2,047 Sqft ∙ Built 1992
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
7740 E Gainey Ranch Road #46 Scottsdale, AZ 2
- 2 beds 2 baths ∙ 1,785 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,785 Sqft ∙ Built 1989
![property image]()
LEASED 08/01/19- Rent
- Rent Per SQFT
- $2,700
- $1.51
-
7760 E Gainey Ranch Road #24 Scottsdale, AZ 3
- 2 beds 2 baths ∙ 1,868 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,868 Sqft ∙ Built 1985
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,750
- $1.47
-
10937 N 78th Street Scottsdale, AZ 4
- 2 beds 2 baths ∙ 1,998 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,998 Sqft ∙ Built 1984
![property image]()
LEASED 07/07/20- Rent
- Rent Per SQFT
- $2,900
- $1.45
-
7400 E Gainey Club Drive #222 Scottsdale, AZ 5
- 2 beds 2 baths ∙ 1,880 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,880 Sqft ∙ Built 1993
![property image]()
LEASED 01/01/20- Rent
- Rent Per SQFT
- $3,200
- $1.70
PROPERTY LISTING DETAILS
Schilling Fine Homes
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165493
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.
