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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $273.75
- 6 Days on Market
- MLS # : 6169079
- Updated Date : 12/09/2020 at 18:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,457 sqft
- Baths : 1 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
SINCE ITS CONVERSATION FROM A DAIRY FARM TO SINGLE FAMILY HOMES IN THE 1950'S, PEACEFUL VALLEY HAS LIVED UP TO ITS NAME AND HAS BEEN A DESIRABLE NEIGHBORHOOD FOR GENERATIONS. REPORTEDLY, THERE ARE APPROX 20 ORIGINAL HOME OWNERS STILL THERE PROVING THIS POINT. HERE'S YOUR UNIQUE OPPORTUNITY TO OWN A PIECE OF SCOTTSDALE'S HISTORY. OFFERED IN AS IS CONDITION. THE LIST PRICE REFLECTS THE HOME'S CURRENT CONDITION AND THE UPSIDE POTENTIAL FOR SWEAT EQUITY AFTER YOU IMPROVE IT TO YOUR PERSONAL SPECIFICATIONS. FANTASTIC OPPORTUNITY FOR SNOW BIRDS, SPRING TRAINING FANS OR A HOME AWAY FROM HOME ON BUSINESS TRIPS TO THE VALLEY OF THE SUN. DUE TO COVID AND HEALTH AND SAFETY CONCERNS, PLEASE REVIEW MY ACCURATE PHOTOS AND TONGUE-IN-CHEEK REMARKS (FUN), THEN DRIVE BY BEFORE REQUESTING A SHOWING.
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PRICE & RENT TRENDS
Neighborhood: Peaceful Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Peaceful Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,472 |
| Property Tax | -$187 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$187
|
||
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.
$398,850
PROJECTED PRICE
$2,000
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 8.0% |
| 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
$111,445
LOAN DETAILS
$1,472
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,713 |
| Loan Amount | $299,138 |
8.08
YEARS SAVED
$49,240
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$1.37
LIST RENT PER SQFT
-
$2,124
COMP ESTIMATED VALUE -
$1.46
COMP AVG. RENT PER SQFT
Comps Range
-
7613 E 4th Street Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $2,000
- $1.37
-
7521 E Mcknight Avenue Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1950
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,850
- $1.37
-
3407 N 81st Street Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1958
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,895
- $1.26
-
7648 E Avalon Drive Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1957
LEASED 11/14/20- Rent
- Rent Per SQFT
- $2,100
- $1.52
-
3408 N 78th Street Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1956
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,175
- $1.68
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169079
Last Updated: 12/09/2020
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.
