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PROPERTY INFO
FACTS
- Single Family
- Built In 1956
- Price/Sqft : $325.10
- 4 Days on Market
- MLS # : 6189958
- Updated Date : 02/04/2021 at 22:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,430 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
SHARP HOME * PRIME LOCATION IN PEACEFUL VALLEY SUBDIVISION * PREMIUM CORNER LOT * REMODELED FROM THE STUDS UP * RICH CABINETRY WITH CROWN MOLDING, LAZY SUSAN, PULL OUT SHELVING AND TRASH DRAWER * SANTA CECILA GRANITE COUNTERS * TILE BACKSPLASH * BREAKFAST BAR/DINING TABLE PENISULA * STAINLESS STEEL APPLIANCES * WATER FILTER * RECESSED & PENDANT LIGHTING * CHARMING BRICK FIREPLACE * REMODELD BATHS * GLASS BLOCK AND TILE SHOWER * RAISED PANEL DOORS * 3 INCH BLINDS * OIL RUBBED BRONZE HARDWARE * 5 INCH BASEBOARDS * ALARM SYSTEM READY WITH SMART PHONE CONTROL * SECURITY DOORS * ENERGY EFFICIENT UNDERGROUND A/C RETURNS * (330 SQ FT ADDITION IS NOT HEATED OR COOLED) * DUAL PANE WINDOWS * UPDATED PLUMBING AND ELECTRICAL PANEL * RV GATE * THIS ONE IS NICE * DON'T MISS IT!
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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 | $2,120 |
| EXPENSES | Loan Payment | -$1,615 |
| Property Tax | -$217 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$134
|
||
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.
$464,900
PROJECTED PRICE
$2,120
PROJECTED RENT
0.46%
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
$128,949
LOAN DETAILS
$1,615
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $116,225 |
| Loan Amount | $348,675 |
7.08
YEARS SAVED
$40,151
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,120
LIST RENT -
$1.48
LIST RENT PER SQFT
-
$2,116
COMP ESTIMATED VALUE -
$1.48
COMP AVG. RENT PER SQFT
Comps Range
-
7753 E 4th Street Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1956
- Rent
- Rent Per SQFT
- $2,120
- $1.48
-
3407 N 81st Street Scottsdale, AZ 1
- 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 2
- 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 4
- 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
-
8128 E Columbus Avenue Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1958
LEASED 02/01/21- Rent
- Rent Per SQFT
- $2,195
- $1.46
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6189958
Last Updated: 02/04/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
