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PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $414.88
- 2 Days on Market
- MLS # : 6193983
- Updated Date : 02/13/2021 at 19:04
CONSTRUCTION
- Beds : 3
- Floor Size : 1,398 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
Located right in the heart of Old Town Scottsdale this home has been upgraded in all the right places! Enjoy the open layout with all new flooring throughout and fresh interior paint. The kitchen has quartz countertops with white cabinets and designer tile. Both bathrooms have been upgraded with new vanities, all new tile, lighting and mirrors. The roof has been redone recently and the home has a new HVAC unit. Enjoy your sparkling pool with your low maintenance turf backyard.
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PRICE & RENT TRENDS
Neighborhood: Indian Bend
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Indian Bend
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,070 |
| EXPENSES | Loan Payment | -$2,015 |
| Property Tax | -$271 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$369
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$579,999
PROJECTED PRICE
$2,070
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$159,450
LOAN DETAILS
$2,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $145,000 |
| Loan Amount | $434,999 |
2.42
YEARS SAVED
$10,732
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,070
LIST RENT -
$1.48
LIST RENT PER SQFT
-
$2,066
COMP ESTIMATED VALUE -
$1.48
COMP AVG. RENT PER SQFT
Comps Range
-
8208 E Piccadilly Road Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1958
- Rent
- Rent Per SQFT
- $2,070
- $1.48
-
3940 N Granite Reef Road Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1969
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,895
- $1.38
-
8132 E Piccadilly Road Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1958
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,995
- $1.33
-
4026 N 83rd Street Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1958
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.50
-
8207 E Indianola Avenue Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1958
LEASED 07/16/20- Rent
- Rent Per SQFT
- $2,575
- $1.70
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193983
Last Updated: 02/13/2021
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.
