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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $365.85
- 3 Days on Market
- MLS # : 6190545
- Updated Date : 02/05/2021 at 22:18
CONSTRUCTION
- Beds : 3
- Floor Size : 2,050 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
A1 South Scottsdale MASTERPIECE. 1/3rd Of An Acre BACKYARD. New EVERYTHING. A/C, Synthetic Stucco, Black-Cap Windows, Garage Door, Pebble Tec Pool w/New Vacuum Line, DREAM Backyard, LG Appliances, GAS RANGE, Samsung CHAMPAGNE Colored Washer/Dryer, Double Sinks In Both Baths, NEW A/C Ducts!, All New Shaker Doors, Waterfall Brazilian Quartz, New Modern Outlets, Insane Amount Of LED Lighting, Kwikset 1 Key Square Door Handles, Under Cabinet Lighting, Luxury Ceiling Fans, Raised Hallway Ceiling For Optimal Open Floor Plan, New Sod w/New Sprinklers, Baths w/ Shower Glass!, Oversized Mirrors, Bluetooth Bath Fans, and Moen Faucets w Rainfall Rain Shower! The List Is Soo Long! Investors, Airbnb, VRBO, Entertainers, Families, Couples, Singles, This House Works For Everybody!!! COME NOW. FAST.
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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 | $2,270 |
| EXPENSES | Loan Payment | -$2,605 |
| Property Tax | -$351 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$852
|
||
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.
$750,000
PROJECTED PRICE
$2,270
PROJECTED RENT
0.30%
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
$204,500
LOAN DETAILS
$2,605
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $187,500 |
| Loan Amount | $562,500 |
0.58
YEARS SAVED
$1,420
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,270
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$2,665
COMP ESTIMATED VALUE -
$1.3
COMP AVG. RENT PER SQFT
Comps Range
-
8224 E Oak Street Scottsdale, AZ 2
- 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $2,270
- $1.11
-
2220 N 82nd Street Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 1961
LEASED 05/27/20- Rent
- Rent Per SQFT
- $2,250
- $1.14
-
8209 E Sheridan Street Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1959
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,400
- $1.21
-
8117 E Lewis Avenue Scottsdale, AZ 4
- 4 beds 3 baths ∙ 1,921 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,921 Sqft ∙ Built 1961
LEASED 10/30/20- Rent
- Rent Per SQFT
- $2,800
- $1.46
-
2933 N 83rd Street Scottsdale, AZ 5
- 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1963
LEASED 01/29/21- Rent
- Rent Per SQFT
- $2,800
- $1.39
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190545
Last Updated: 02/05/2021
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.
