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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $338.41
- 6 Days on Market
- MLS # : 6175103
- Updated Date : 12/28/2020 at 19:47
CONSTRUCTION
- Beds : 3
- Floor Size : 1,906 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Great Home in the heart of McCormick Ranch. Highly sought after location. Large cul de sac lot with well maintained lush landscaping, beautiful pool . Laminate wood flooring, plantation shutters, Corian countertops, upgraded light fixtures, This home will be available to view on Sat. January 2 and Sunday January 3. All offers will be reviewed on Monday January 4
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PRICE & RENT TRENDS
Neighborhood: Paradise Park Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Park Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,140 |
| EXPENSES | Loan Payment | -$2,380 |
| Property Tax | -$302 | |
| Property Insurance | -$64 | |
| HOA | -$1 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$294
|
||
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.
$645,000
PROJECTED PRICE
$3,140
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.1% |
| 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
$176,675
LOAN DETAILS
$2,380
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $161,250 |
| Loan Amount | $483,750 |
8
YEARS SAVED
$79,574
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,140
LIST RENT -
$1.65
LIST RENT PER SQFT
-
$3,264
COMP ESTIMATED VALUE -
$1.71
COMP AVG. RENT PER SQFT
Comps Range
-
8101 E Morgan Trail Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1979
![property image]()
- Rent
- Rent Per SQFT
- $3,140
- $1.65
-
8180 E Shea Boulevard #1037 Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1996
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,537
- $1.43
-
8062 E Del Tornasol Drive Scottsdale, AZ 2
- 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 1988
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,900
- $1.39
-
8119 E Morgan Trail Scottsdale, AZ 4
- 3 beds 2 baths ∙ 2,014 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,014 Sqft ∙ Built 1979
![property image]()
LEASED 11/01/20- Rent
- Rent Per SQFT
- $3,950
- $1.96
-
8329 E San Simon Drive Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 1979
![property image]()
LEASED 12/04/20- Rent
- Rent Per SQFT
- $4,000
- $2.07
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175103
Last Updated: 12/28/2020
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.
