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PROPERTY INFO
FACTS
- Single Family
- Built In 1961
- Price/Sqft : $299.83
- 5 Days on Market
- MLS # : 6183077
- Updated Date : 01/21/2021 at 17:27
CONSTRUCTION
- Beds : 4
- Floor Size : 1,751 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Investor's dream or an opportunity to make this a home of your own! Great Scottsdale location on 1/4 of an acre lot with pool. Newer AC, Newer Roof, majority of plumbing reined and main sewer line redone. Huge backyard with large grass area and huge pool (needs new plaster) Property being sold as-is. NO HOA Master shower redone with tile and nice vanity North/South Exposure. **NO CONTRACT ASSIGNMENTS**
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PRICE & RENT TRENDS
Neighborhood: Scottsdale Country Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Scottsdale Country Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,824 |
| Property Tax | -$246 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$259
|
||
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.
$525,000
PROJECTED PRICE
$1,970
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.1% |
| 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
$144,875
LOAN DETAILS
$1,824
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
3.08
YEARS SAVED
$12,655
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
-
$1,966
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
8244 E Northland Drive Scottsdale, AZ 1
- 4 beds 2 baths ∙ 1,751 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,751 Sqft ∙ Built 1961
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5028 N Granite Reef Road Scottsdale, AZ 2
- 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1969
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,899
- $1.08
-
8346 E Chaparral Road Scottsdale, AZ 3
- 4 beds 3 baths ∙ 1,728 Sqft ∙ Built 1969 4 beds 3 baths ∙ 1,728 Sqft ∙ Built 1969
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,950
- $1.13
-
8401 E Vista Drive Scottsdale, AZ 4
- 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 1961
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,995
- $1.11
-
5052 N 83rd Street Scottsdale, AZ 5
- 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 1969 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 1969
LEASED 07/17/20- Rent
- Rent Per SQFT
- $2,000
- $1.17
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183077
Last Updated: 01/21/2021
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.
