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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $350.31
- 4 Days on Market
- MLS # : 6192588
- Updated Date : 02/12/2021 at 19:38
CONSTRUCTION
- Beds : 3
- Floor Size : 2,612 sqft
- Baths : 2 full , 1 half
Listing Agent
Engel & Voelkers Scottsdale
Listing Agent's Description
Gorgeous remodel in the heart of the Talon community in Grayhawk. Hardwood floors in all the bedrooms and living spaces. South facing back yard with plenty of winter sun. Sparkling pool and great outside living spaces highlight this entertainers delight. Perfectly planned and crafted office great you as you enter the living spaces. Open floor plan with plenty of designing options. Charm and comfort are the best words to describe your next home.
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PRICE & RENT TRENDS
Neighborhood: Grayhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Grayhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,260 |
| EXPENSES | Loan Payment | -$3,178 |
| Property Tax | -$681 | |
| Property Insurance | -$78 | |
| HOA | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$839
|
||
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.
$915,000
PROJECTED PRICE
$3,260
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.0% |
| 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
$248,225
LOAN DETAILS
$3,178
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $228,750 |
| Loan Amount | $686,250 |
1.08
YEARS SAVED
$3,898
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,260
LIST RENT -
$1.25
LIST RENT PER SQFT
-
$3,448
COMP ESTIMATED VALUE -
$1.32
COMP AVG. RENT PER SQFT
Comps Range
-
8267 E Angel Spirit Drive Scottsdale, AZ 4
- 3 beds 3 baths ∙ 2,612 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,612 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $3,260
- $1.25
-
20410 N 78th Way Scottsdale, AZ 1
- 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998
![property image]()
LEASED 03/21/20- Rent
- Rent Per SQFT
- $3,000
- $1.23
-
7741 E Buteo Drive Scottsdale, AZ 2
- 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $3,195
- $1.31
-
7842 E Nestling Way Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998
![property image]()
LEASED 03/15/20- Rent
- Rent Per SQFT
- $3,200
- $1.31
-
7804 E Phantom Way Scottsdale, AZ 5
- 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 1997
![property image]()
LEASED 08/21/20- Rent
- Rent Per SQFT
- $3,500
- $1.43
PROPERTY LISTING DETAILS
Engel & Voelkers Scottsdale
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192588
Last Updated: 02/12/2021
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.
