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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $345.98
- 6 Days on Market
- MLS # : 6176802
- Updated Date : 01/05/2021 at 08:15
CONSTRUCTION
- Beds : 4
- Floor Size : 3,032 sqft
- Baths : 3 full
Listing Agent
Jason Mitchell Real Estate
Listing Agent's Description
In the heart of McCormick Ranch! Walk across the street to the lake! Gorgeous meticulous curb appeal w/professional landscape and RV gate. Light and bright interior with spacious floor plan -4 bedrooms, plus a den and 3 full bathrooms. Front room opens to the courtyard for entertaining guests. Very private backyard features newer sparkling diving pool, spa, fireplace, and sport court. So many extras and updates including new AC units, new hot water heater, new appliances, and new solar heater for the pool. Includes storage shed and extra parking slab for a 3rd vehicle. Walk to the greenbelt, lakes, and neighborhood restaurants! A+ schools.
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PRICE & RENT TRENDS
Neighborhood: Tierra Feliz
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tierra Feliz
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,110 |
| EXPENSES | Loan Payment | -$3,644 |
| Property Tax | -$491 | |
| Property Insurance | -$86 | |
| HOA | -$1 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$211
|
||
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.
$1,049,000
PROJECTED PRICE
$4,110
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.9% |
| 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
$283,735
LOAN DETAILS
$3,644
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $262,250 |
| Loan Amount | $786,750 |
4.42
YEARS SAVED
$45,362
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,110
LIST RENT -
$1.36
LIST RENT PER SQFT
-
$3,153
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
8119 E Del Joya Drive Scottsdale, AZ 5
- 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $4,110
- $1.36
-
7525 E Gainey Ranch Road #135 Scottsdale, AZ 1
- 3 beds 3 baths ∙ 2,765 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,765 Sqft ∙ Built 1993
LEASED 07/15/19- Rent
- Rent Per SQFT
- $2,795
- $1.01
-
8538 E San Lorenzo Drive Scottsdale, AZ 2
- 4 beds 3 baths ∙ 3,017 Sqft ∙ Built 1980 4 beds 3 baths ∙ 3,017 Sqft ∙ Built 1980
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,800
- $0.93
-
8323 N 82nd Place Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,978 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,978 Sqft ∙ Built 1978
LEASED 05/01/20- Rent
- Rent Per SQFT
- $3,000
- $1.01
-
8134 E Del Rubi Drive Scottsdale, AZ 4
- 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1980
LEASED 08/15/19- Rent
- Rent Per SQFT
- $3,499
- $1.21
PROPERTY LISTING DETAILS
Jason Mitchell Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176802
Last Updated: 01/05/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
