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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $325.31
- 3 Days on Market
- MLS # : 6184104
- Updated Date : 01/21/2021 at 23:19
CONSTRUCTION
- Beds : 5
- Floor Size : 4,611 sqft
- Baths : 5 full , 1 half
Listing Agent
Keller Williams Arizona Realty
Listing Agent's Description
Beautiful Newly Remodeled (2021) home in gated Vista Monterey community. Stunning 5 bedroom + office + huge bonus room, 5.5 bath home with all new flooring and paint on .90 acres. Wood Beams and an open floor plan with updated FP in the family room. The heart of the home is the chefs dream gourmet kitchen with lots of natural light, new countertops and SS appliances. The large master suite separate from the four other bedrooms with backyard access and updated spa-like master bath. A perfect sized home office is next to the master bedroom. A guest casita style bedroom and en-suite bath are off the formal living room. 3 of the bedrooms and bathrooms are split and close to the oversized Bonus room with tons of room for play or entertaining. The backyard is private and feels like a
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PRICE & RENT TRENDS
Neighborhood: Vista Monterey
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vista Monterey
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $6,740 |
| EXPENSES | Loan Payment | -$5,210 |
| Property Tax | -$1,116 | |
| Property Insurance | -$117 | |
| HOA | -$69 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$128
|
||
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.
$1,500,000
PROJECTED PRICE
$6,740
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.5% |
| 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
$403,250
LOAN DETAILS
$5,210
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $375,000 |
| Loan Amount | $1,125,000 |
5.58
YEARS SAVED
$94,182
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$6,740
LIST RENT -
$1.46
LIST RENT PER SQFT
-
$7,954
COMP ESTIMATED VALUE -
$1.73
COMP AVG. RENT PER SQFT
Comps Range
-
7825 E Hanover Way Scottsdale, AZ 1
- 5 beds 6 baths ∙ 4,611 Sqft ∙ Built 2002 5 beds 6 baths ∙ 4,611 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $6,740
- $1.46
-
21390 N 83rd Street Scottsdale, AZ 2
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LEASED 07/01/20- Rent
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- $7,200
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-
23144 N 79th Way Scottsdale, AZ 3
- 4 beds 5 baths ∙ 4,656 Sqft ∙ Built 1999 4 beds 5 baths ∙ 4,656 Sqft ∙ Built 1999
LEASED 04/20/20- Rent
- Rent Per SQFT
- $8,450
- $1.81
PROPERTY LISTING DETAILS
Keller Williams Arizona Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184104
Last Updated: 01/21/2021
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.
