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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $271.30
- 4 Days on Market
- MLS # : 6181135
- Updated Date : 01/21/2021 at 22:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,843 sqft
- Baths : 2 full
Listing Agent
Arizona Elite Properties
Listing Agent's Description
Beautiful Scottsdale Villa with NO HOA! 3 Bedrooms with the master split, 2 newly updated bathrooms, eat in kitchen, formal dining room with wet bar and a glass enclosed atrium perfect for an herb garden. Great room has high vaulted ceilings and a wood burning fireplace. This home has an abundance of natural light and features two skylights, two patio sliding doors (one off the master suite and one off the great room) and large windows. Low maintenance desert front yard and lushly landscaped back and side yards. This home boasts a true Southwest decor with saltillo tile throughout. Excellent Scottsdale location close to the 101, numerous golf courses, fabulous shopping and dining in Old Town Scottsdale.
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PRICE & RENT TRENDS
Neighborhood: La Casa Rica
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: La Casa Rica
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,210 |
| EXPENSES | Loan Payment | -$1,737 |
| Property Tax | -$234 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$77
|
||
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.
$500,000
PROJECTED PRICE
$2,210
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.1% |
| 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
$138,250
LOAN DETAILS
$1,737
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $125,000 |
| Loan Amount | $375,000 |
6.33
YEARS SAVED
$36,653
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,210
LIST RENT -
$1.2
LIST RENT PER SQFT
-
$2,405
COMP ESTIMATED VALUE -
$1.31
COMP AVG. RENT PER SQFT
Comps Range
-
8123 E Rovey Avenue Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $2,210
- $1.20
-
8219 E Rose Lane Scottsdale, AZ 1
- 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1970
![property image]()
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,990
- $1.14
-
5904 N Granite Reef Road Scottsdale, AZ 3
- 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 1975
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,250
- $1.28
-
8325 E Mcdonald Drive Scottsdale, AZ 4
- 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1979
![property image]()
LEASED 01/07/21- Rent
- Rent Per SQFT
- $2,250
- $1.35
-
8207 E Montebello Avenue Scottsdale, AZ 5
- 3 beds 3 baths ∙ 1,858 Sqft ∙ Built 1970 3 beds 3 baths ∙ 1,858 Sqft ∙ Built 1970
![property image]()
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,695
- $1.45
PROPERTY LISTING DETAILS
Arizona Elite Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181135
Last Updated: 01/21/2021
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.
