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PROPERTY INFO
FACTS
- Single Family
- Built In 1959
- Price/Sqft : $437.85
- 2 Days on Market
- MLS # : 6161862
- Updated Date : 11/21/2020 at 16:58
CONSTRUCTION
- Beds : 3
- Floor Size : 1,416 sqft
- Baths : 2 full
Listing Agent
Re/max Fine Properties
Listing Agent's Description
New! New! New! Come see this intriguing fully remodel aligning sophistication with charm. 3bdrm/2bth OPEN floor plan that boasts a warm and inviting atmosphere for you to entertain your family and friends. This inspiring designed kitchen enhances a rainfall quartz island, spacious white cabinets, upgraded appliances and wine fridge for those toasting moments. Beautifully appointed decor throughout this home. New Garage! Wait, did I mention the intimate backyard retreat for those relaxing moments....yes grab a bottle from your wine fridge and relax.. then place your projector and screen for backyard movies, cozy up, add some comfy pillows in the turfed area and create some memories..P.S A wonderful herb garden was created for those who like a bit of spices in life.
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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 | $2,320 |
| EXPENSES | Loan Payment | -$2,288 |
| Property Tax | -$290 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$411
|
||
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.
$620,000
PROJECTED PRICE
$2,320
PROJECTED RENT
0.37%
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
$170,050
LOAN DETAILS
$2,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $155,000 |
| Loan Amount | $465,000 |
2.42
YEARS SAVED
$12,965
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
-
$2,319
COMP ESTIMATED VALUE -
$1.64
COMP AVG. RENT PER SQFT
Comps Range
-
8203 E Turney Avenue Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8248 E Roma Avenue Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,150
- $1.52
-
8307 E Monterosa Street Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,350
- $1.66
-
8331 E Turney Avenue Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,350
- $1.66
-
8402 E Mackenzie Drive Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1963
LEASED 09/18/20- Rent
- Rent Per SQFT
- $2,500
- $1.71
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161862
Last Updated: 11/21/2020
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.
