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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $333.03
- 2 Days on Market
- MLS # : 6206709
- Updated Date : 03/12/2021 at 23:43
CONSTRUCTION
- Beds : 4
- Floor Size : 3,300 sqft
- Baths : 2 full , 1 half
Listing Agent
The Maricopa Real Estate Company
Listing Agent's Description
Beautiful custom pool home on nearly an acre in one of Scottsdale's premier subdivisions, McCormick Ranch. Interior features 4 bedrooms and 2.5 baths, tile in all the right places, vaulted ceilings, split floor plan, upgraded kitchen with granite countertops and stainless steel appliances. Exterior features include a premium 3/4 acre cul de sac lot with low maintenance front yard and expansive resort style back yard with pool and space for everything else! Dont miss your chance to see this one of a kind property today!
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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 | $3,880 |
| EXPENSES | Loan Payment | -$3,817 |
| Property Tax | -$514 | |
| Property Insurance | -$91 | |
| HOA | -$2 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$643
|
||
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.
$1,099,000
PROJECTED PRICE
$3,880
PROJECTED RENT
0.35%
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
$296,985
LOAN DETAILS
$3,817
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $274,750 |
| Loan Amount | $824,250 |
2.42
YEARS SAVED
$20,417
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,880
LIST RENT -
$1.18
LIST RENT PER SQFT
-
$4,175
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
-
8102 E Appaloosa Trail Scottsdale, AZ 3
- 4 beds 3 baths ∙ 3,300 Sqft ∙ Built 1978 4 beds 3 baths ∙ 3,300 Sqft ∙ Built 1978
![property image]()
- Rent
- Rent Per SQFT
- $3,880
- $1.18
-
10422 N 82nd Place Scottsdale, AZ 1
- 4 beds 3 baths ∙ 3,153 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,153 Sqft ∙ Built 1979
![property image]()
LEASED 06/26/20- Rent
- Rent Per SQFT
- $3,550
- $1.13
-
12018 N Hayden Road Scottsdale, AZ 2
- 4 beds 4 baths ∙ 3,205 Sqft ∙ Built 1971 4 beds 4 baths ∙ 3,205 Sqft ∙ Built 1971
![property image]()
LEASED 06/15/20- Rent
- Rent Per SQFT
- $3,795
- $1.18
-
11544 N 83rd Place Scottsdale, AZ 4
- 4 beds 3 baths ∙ 3,342 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,342 Sqft ∙ Built 1990
![property image]()
LEASED 08/31/20- Rent
- Rent Per SQFT
- $4,400
- $1.32
-
7855 E Desert Cove Avenue Scottsdale, AZ 5
- 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 1997
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $5,000
- $1.43
PROPERTY LISTING DETAILS
The Maricopa Real Estate Company
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6206709
Last Updated: 03/12/2021
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.
