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8223 N Loma Lane 
Paradise Valley, AZ
85253
5 Beds 5 Baths 4,507 sqft
Built 1977
INVESTimate
$1,999,000
List Price
$535,485
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PROPERTY INFO
FACTS
- Built In 1977
- Price/Sqft : $443.53
- 2 Days on Market
- MLS # : 6122253
- Updated Date : 08/25/2020 at 12:34
CONSTRUCTION
- Beds : 5
- Floor Size : 4,507 sqft
- Baths : 5 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
LOCATION LOCATION LOCATION! METICULOUSLY-MAINTAINED AND TASTEFULLY-UPGRADED PROPERTY IN ONE OF THE MOST DESIRED & SOUGHT-AFTER SECTIONS OF CENTRAL PARADISE VALLEY. COMFORTABLE FAMILY HOME, OFFERING CUL-DE-SAC PRIVACY & MOUNTAIN VIEWS ON AN OVERSIZED {1.53AC} LOT; GENEROUS MASTER SUITE WITH SITTING AREA/OFFICE; TWO ADDITIONAL BEDROOMS ON THE MASTER SIDE {WEST}, AN ADDITIONAL BEDROOM AND GUEST SUITE ON THE EAST SIDE. LOVELY EAT-IN KITCHEN WITH NEWER THERMADOR APPLIANCES. ENJOY THE NEW PEBBLE TEC DIVING POOL, & VIEWS FROM THE LARGE COVERED PATIO. CONVENIENT TO ALL AMENITIES & LOCATED IN THE 3 Cs SCHOOLS DISTRICT!
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PRICE & RENT TRENDS
Neighborhood: Vista Rica
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vista Rica
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $6,460 |
| EXPENSES | Loan Payment | -$7,375 |
| Property Tax | -$948 | |
| Property Insurance | -$115 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$2,077
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$1,999,000
PROJECTED PRICE
$6,460
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 4.81% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$535,485
LOAN DETAILS
$7,375
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $499,750 |
| Loan Amount | $1,499,250 |
0.92
YEARS SAVED
$8,725
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$6,355
COMP ESTIMATED VALUE -
$1.41
COMP AVG. RENT PER SQFT
Comps Range
-
8223 N Loma Lane Paradise Valley, 1
- 5 beds 5 baths ∙ 4,507 Sqft ∙ Built 1977 5 beds 5 baths ∙ 4,507 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6524 E Stallion Road Paradise Valley, 2
- 4 beds 4 baths ∙ 4,800 Sqft ∙ Built 1991 4 beds 4 baths ∙ 4,800 Sqft ∙ Built 1991
LEASED 07/10/20- Rent
- Rent Per SQFT
- $6,000
- $1.25
-
7417 N Red Ledge Drive Paradise Valley, 3
- 4 beds 4 baths ∙ 4,764 Sqft ∙ Built 1982 4 beds 4 baths ∙ 4,764 Sqft ∙ Built 1982
LEASED 07/03/20- Rent
- Rent Per SQFT
- $7,500
- $1.57
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122253
Last Updated: 08/25/2020
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.
