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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $330.40
- 4 Days on Market
- MLS # : 6176472
- Updated Date : 01/10/2021 at 00:04
CONSTRUCTION
- Beds : 3
- Floor Size : 4,086 sqft
- Baths : 3 full , 1 half
Listing Agent
Re/max Fine Properties
Listing Agent's Description
Brand new roof with transferable warranty, two brand new A/C units with Smart thermostats, all new kitchen including cabinets, counter tops, Wolf cook top and Frigidaire refrigerator. Bathrooms have been completely updated, master bathroom walk in shower has steam unit, large soaking tub and bathrooms include new heated unit-fog mirrors, all new interior and exterior LED lighting, new pool heater and new turf. Welcome to this fabulous home backing to natural area of open space and mountain views in this quiet gated community. Hurry in, you don't want to miss it!
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PRICE & RENT TRENDS
Neighborhood: Westland Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westland Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $6,010 |
| EXPENSES | Loan Payment | -$4,689 |
| Property Tax | -$630 | |
| Property Insurance | -$107 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$385
|
||
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.
$1,350,000
PROJECTED PRICE
$6,010
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.5% |
| 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
$363,500
LOAN DETAILS
$4,689
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $337,500 |
| Loan Amount | $1,012,500 |
7.08
YEARS SAVED
$116,038
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$5,026
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
8181 E High Point Drive Scottsdale, AZ 1
- 3 beds 4 baths ∙ 4,086 Sqft ∙ Built 1999 3 beds 4 baths ∙ 4,086 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8476 E Montello Road Scottsdale, AZ 2
- 3 beds 3 baths ∙ 3,929 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,929 Sqft ∙ Built 2002
LEASED 03/01/20- Rent
- Rent Per SQFT
- $4,500
- $1.15
-
1629 N Quartz Valley Road Scottsdale, AZ 3
- 3 beds 4 baths ∙ 3,940 Sqft ∙ Built 1985 3 beds 4 baths ∙ 3,940 Sqft ∙ Built 1985
LEASED 09/12/19- Rent
- Rent Per SQFT
- $5,000
- $1.27
-
7882 E Balao Drive Scottsdale, AZ 4
- 3 beds 3 baths ∙ 4,143 Sqft ∙ Built 1999 3 beds 3 baths ∙ 4,143 Sqft ∙ Built 1999
LEASED 02/01/20- Rent
- Rent Per SQFT
- $5,250
- $1.27
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176472
Last Updated: 01/10/2021
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.
