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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $271.18
- 1 Days on Market
- MLS # : 6185185
- Updated Date : 01/24/2021 at 04:52
CONSTRUCTION
- Beds : 4
- Floor Size : 1,936 sqft
- Baths : 3 full
Listing Agent
Poncher Realty Of Arizona, L.l.c.
Listing Agent's Description
Lovely move-in ready home with tons of space and well maintained. Kitchen features include SS Appliances, Granite Countertops and plenty of light. Huge master bedroom suite was added to the home and features spacious bathroom designed for wheelchair and large attached laundry room. There are 3 addtional bedrooms and one features a full ensuite bath. Large open plan layout. New windows installed about 3 years ago. Do not miss the large storage shed on concrete slab. Stunning example of a South Scottsdale home located minutes away from downtown, airport, shopping , medical and walking paths. Take the opportunity of owning this spacious home.
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PRICE & RENT TRENDS
Neighborhood: Scottsdale Estates Nine
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Scottsdale Estates Nine
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$1,824 |
| Property Tax | -$246 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$17
|
||
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.
$525,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.5% |
| 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
$144,875
LOAN DETAILS
$1,824
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
5.58
YEARS SAVED
$32,673
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$2,425
COMP ESTIMATED VALUE -
$1.25
COMP AVG. RENT PER SQFT
Comps Range
-
8201 E Montecito Avenue Scottsdale, AZ 2
- 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 1970 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 1970
![property image]()
- Rent
- Rent Per SQFT
- $2,250
- $1.16
-
8306 E Montecito Avenue Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1959
![property image]()
LEASED 01/15/21- Rent
- Rent Per SQFT
- $1,895
- $1.01
-
8341 E Mackenzie Drive Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1959
![property image]()
LEASED 07/05/20- Rent
- Rent Per SQFT
- $2,380
- $1.24
-
4704 N 83rd Street Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1959
![property image]()
LEASED 12/24/20- Rent
- Rent Per SQFT
- $2,595
- $1.44
-
8337 E Fairmount Avenue Scottsdale, AZ 5
- 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1958
![property image]()
LEASED 05/16/20- Rent
- Rent Per SQFT
- $2,650
- $1.32
PROPERTY LISTING DETAILS
Poncher Realty Of Arizona, L.l.c.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6185185
Last Updated: 01/24/2021
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.
