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PROPERTY INFO
FACTS
- Single Family
- Built In 1959
- Price/Sqft : $337.65
- 2 Days on Market
- MLS # : 6187929
- Updated Date : 01/30/2021 at 21:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,777 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Fantastic Hallcraft home in one of the best locations in South-Central Scottsdale. Immaculate home is move in ready with brand new HVAC system, New Dual Pane windows, newer water heater, updated (not original) cabinets & bathrooms, Family room with fireplace and laundry room additions. Or take this opportunity to do a brand new complete remodel and turn this space into your dream home. Lots of original charm! Short distance to Fashion Square, Old Town, parks and spring training facilities. Laundry room has been incorporated into home as livable square footage. Please note interior room dimensions on Assessor measurement public document attached. Lots of storage, and 2 car carport is easily converted to an attached garage. Hurry! This amazing home will not last.
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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 | $2,530 |
| EXPENSES | Loan Payment | -$2,084 |
| Property Tax | -$281 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$5
|
||
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.
$600,000
PROJECTED PRICE
$2,530
PROJECTED RENT
0.42%
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
$164,750
LOAN DETAILS
$2,084
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $150,000 |
| Loan Amount | $450,000 |
5.5
YEARS SAVED
$36,210
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,530
LIST RENT -
$1.42
LIST RENT PER SQFT
-
$2,550
COMP ESTIMATED VALUE -
$1.44
COMP AVG. RENT PER SQFT
Comps Range
-
8238 E Mackenzie Drive Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1959
- Rent
- Rent Per SQFT
- $2,530
- $1.42
-
8315 E Devonshire Avenue Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1959
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,200
- $1.32
-
8341 E Mackenzie Drive Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1959
LEASED 07/05/20- Rent
- Rent Per SQFT
- $2,380
- $1.24
-
8214 E Indianola Avenue Scottsdale, AZ 3
- 4 beds 3 baths ∙ 1,674 Sqft ∙ Built 1958 4 beds 3 baths ∙ 1,674 Sqft ∙ Built 1958
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,495
- $1.49
-
8218 E Glenrosa Avenue Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1959
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,850
- $1.69
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187929
Last Updated: 01/30/2021
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.
