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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $255.80
- 3 Days on Market
- MLS # : 6167233
- Updated Date : 12/19/2020 at 12:01
CONSTRUCTION
- Beds : 4
- Floor Size : 2,068 sqft
- Baths : 2 full
Listing Agent
Arrowpoint Realty, Inc.
Listing Agent's Description
Fabulous location! Discover a hidden oasis in this well-established neighborhood! This charming 4 bed, 2 bath home, nestled in a quiet cul-de-sac, is a rare opportunity as these do not come up for sale often. The biggest lot in the subdivision. New A/C installed 2020. Downstairs master bedroom was expanded with a huge extended master bathroom and separate exit to the swimming pool. Upstairs offers 3 generous sized bedrooms -2 have walk-in closets. This home boasts tons of storage. The family room has high, beamed ceilings and a wood burning fireplace, with large windows from the family room to the kitchen that let in an abundance of light with a great view of the backyard, leading to the gorgeous well maintained pool. The large pool is perfectly situated to enjoy several outdoor sitting ar
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PRICE & RENT TRENDS
Neighborhood: El Dorado Hermosa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: El Dorado Hermosa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,420 |
| EXPENSES | Loan Payment | -$1,952 |
| Property Tax | -$247 | |
| Property Insurance | -$68 | |
| HOA | -$80 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$26
|
||
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.
$529,000
PROJECTED PRICE
$2,420
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 8.6% |
| 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
$145,935
LOAN DETAILS
$1,952
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $132,250 |
| Loan Amount | $396,750 |
5.33
YEARS SAVED
$34,841
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,420
LIST RENT -
$1.17
LIST RENT PER SQFT
-
$2,580
COMP ESTIMATED VALUE -
$1.25
COMP AVG. RENT PER SQFT
Comps Range
-
7725 E Palm Lane E Scottsdale, AZ 4
- 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 1970
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- Rent
- Rent Per SQFT
- $2,420
- $1.17
-
7831 E Beatrice Street Scottsdale, AZ 1
- 5 beds 3 baths ∙ 1,870 Sqft ∙ Built 1963 5 beds 3 baths ∙ 1,870 Sqft ∙ Built 1963
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LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,200
- $1.18
-
2220 N 82nd Street Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 1961
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LEASED 05/27/20- Rent
- Rent Per SQFT
- $2,250
- $1.14
-
8209 E Sheridan Street Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1959
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,400
- $1.21
-
8117 E Lewis Avenue Scottsdale, AZ 5
- 4 beds 3 baths ∙ 1,921 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,921 Sqft ∙ Built 1961
![property image]()
LEASED 10/30/20- Rent
- Rent Per SQFT
- $2,800
- $1.46
PROPERTY LISTING DETAILS
Arrowpoint Realty, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167233
Last Updated: 12/19/2020
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.
