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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $310.14
- 2 Days on Market
- MLS # : 6196849
- Updated Date : 02/20/2021 at 21:48
CONSTRUCTION
- Beds : 4
- Floor Size : 1,854 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Incredible opportunity to own this North Scottsdale, 4bed/2bath single level home in the highly desirable community of Stonebrook 2. This charming home has tons of potential to be the home of your dreams! Featuring great curb appeal leading into the flowing floorplan with formal living/dining and a spacious open concept family room enhanced by soaring ceilings and an abundance of natural light. Well appointed kitchen boasts gas cooking and a center island with breakfast bar seating. Spacious master retreat includes dual vanities, soaking tub and separate shower. The amazing outdoor entertaining area is complete with covered patio and sparkling heated spool New roof and underlayment 2020. Upgraded Trane AC unit 2016! Exterior upgraded paint 2020! This gem wont last long
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PRICE & RENT TRENDS
Neighborhood: Scottsdale Stonebrook North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Scottsdale Stonebrook North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,150 |
| EXPENSES | Loan Payment | -$1,997 |
| Property Tax | -$428 | |
| Property Insurance | -$63 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$443
|
||
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.
$575,000
PROJECTED PRICE
$2,150
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.0% |
| 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
$158,125
LOAN DETAILS
$1,997
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $143,750 |
| Loan Amount | $431,250 |
1.58
YEARS SAVED
$5,043
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,150
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$2,341
COMP ESTIMATED VALUE -
$1.26
COMP AVG. RENT PER SQFT
Comps Range
-
8065 E Rita Drive Scottsdale, AZ 1
- 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $2,150
- $1.16
-
8152 E Maria Drive Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1996
LEASED 03/07/20- Rent
- Rent Per SQFT
- $2,300
- $1.24
-
17797 N 81st Way Scottsdale, AZ 3
- 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995
LEASED 06/13/20- Rent
- Rent Per SQFT
- $2,300
- $1.24
-
8086 E Rita Drive Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1995
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,300
- $1.22
-
8089 E Michelle Drive Scottsdale, AZ 5
- 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995
LEASED 01/19/21- Rent
- Rent Per SQFT
- $2,495
- $1.35
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196849
Last Updated: 02/20/2021
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.
