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PROPERTY INFO
FACTS
- Single Family
- Built In 1959
- Price/Sqft : $353.10
- 3 Days on Market
- MLS # : 6196749
- Updated Date : 02/20/2021 at 01:28
CONSTRUCTION
- Beds : 3
- Floor Size : 1,416 sqft
- Baths : 2 full
Listing Agent
Trelora Realty
Listing Agent's Description
Do not miss your opportunity to see this highly desirable single story home located just outside of historic Old Town Scottsdale and Fashion Square! In an amazing location, this home is down the road from an abundance of shopping & restaurants. As you enter the front door you are welcomed by an open concept that creates both a comforting and welcoming environment. The updated kitchen features brand new cabinets, a large kitchen island, quartz counters, large single bowl stainless steel sink, and stainless appliance package. Every inch of the interior has been remodeled with updated lighting, plank tile flooring, tall floor trim, and updated bathrooms just to name a few things. This home won't last long, schedule your showing today!
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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 | $2,320 |
| EXPENSES | Loan Payment | -$1,737 |
| Property Tax | -$234 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$196
|
||
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.
$499,990
PROJECTED PRICE
$2,320
PROJECTED RENT
0.46%
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
$138,247
LOAN DETAILS
$1,737
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,998 |
| Loan Amount | $374,993 |
7.58
YEARS SAVED
$48,222
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,319
COMP ESTIMATED VALUE -
$1.64
COMP AVG. RENT PER SQFT
Comps Range
-
8253 E Roma Avenue Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8248 E Roma Avenue Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,150
- $1.52
-
8307 E Monterosa Street Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,350
- $1.66
-
8331 E Turney Avenue Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1959
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,350
- $1.66
-
8402 E Mackenzie Drive Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1963
LEASED 09/18/20- Rent
- Rent Per SQFT
- $2,500
- $1.71
PROPERTY LISTING DETAILS
Trelora Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196749
Last Updated: 02/20/2021
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.
