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PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $302.20
- 3 Days on Market
- MLS # : 6161718
- Updated Date : 11/27/2020 at 17:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,092 sqft
- Baths : 1 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
INVESTOR DEAL- ''AS IS'' Great small addition play. Comps sell in high $400s. Awesome Scottsdale location. Near Tempe and all South Scottsdale amenities.
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PRICE & RENT TRENDS
Neighborhood: McDowell Parkway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: McDowell Parkway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,390 |
| EXPENSES | Loan Payment | -$1,218 |
| Property Tax | -$154 | |
| Property Insurance | -$49 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$129
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$329,999
PROJECTED PRICE
$1,390
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 12.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$93,200
LOAN DETAILS
$1,218
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,500 |
| Loan Amount | $247,499 |
4
YEARS SAVED
$14,116
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,439
COMP ESTIMATED VALUE -
$1.32
COMP AVG. RENT PER SQFT
Comps Range
-
7828 E Culver Street Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1958
- Rent
- Rent Per SQFT
- $0
- $0.00
-
7525 E Diamond Street Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1960
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,350
- $1.24
-
7415 E Beatrice Street Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1960
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,450
- $1.33
-
1851 N 80th Place Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1950
LEASED 12/17/19- Rent
- Rent Per SQFT
- $1,595
- $1.25
-
8252 E Monte Vista Road Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1960
LEASED 07/13/20- Rent
- Rent Per SQFT
- $1,839
- $1.45
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161718
Last Updated: 11/27/2020
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.
