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PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $346.92
- 1 Days on Market
- MLS # : 6160776
- Updated Date : 11/14/2020 at 22:02
CONSTRUCTION
- Beds : 3
- Floor Size : 1,816 sqft
- Baths : 2 full
Listing Agent
American Realty Brokers
Listing Agent's Description
Meticulous and artistic home in an ideal area of Scottsdale. Subtle and tasteful integrated art accents throughout this lovely home. The kitchen is recently remodeled with brand new light colored quartz countertops. The incredible surprise is the recessed, backyard ''grotto''. This magical hideaway is ideal for relaxing, dining or just some peace by the outdoor fireplace. The 2 car garage is heated and cooled, drywalled and the floor epoxied. Use this space for a media room, play room or garage. Close to amenities of the Indian Bend Greenbelt, Old Town Scottsdale Museums, Civic Center, Restaurants, shopping, ASU, Freeways to everywhere. This home has been carefully and thoughtfully refined by the owner of 28 years. Don't miss the ceiling in the great room
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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 | $2,530 |
| EXPENSES | Loan Payment | -$2,324 |
| Property Tax | -$295 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$251
|
||
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.
$630,000
PROJECTED PRICE
$2,530
PROJECTED RENT
0.40%
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
$172,700
LOAN DETAILS
$2,324
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $157,500 |
| Loan Amount | $472,500 |
3.83
YEARS SAVED
$26,289
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 -
$1.39
LIST RENT PER SQFT
-
$2,529
COMP ESTIMATED VALUE -
$1.39
COMP AVG. RENT PER SQFT
Comps Range
-
8320 E Clarendon Avenue Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1958
- Rent
- Rent Per SQFT
- $2,530
- $1.39
-
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
-
8044 E Indianola Avenue Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1957
LEASED 10/16/20- Rent
- Rent Per SQFT
- $2,295
- $1.27
-
8114 E Columbus Avenue Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1958
LEASED 04/30/20- Rent
- Rent Per SQFT
- $2,300
- $1.33
-
8114 E Fairmount Avenue Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 1958
LEASED 11/01/20- Rent
- Rent Per SQFT
- $3,000
- $1.65
PROPERTY LISTING DETAILS
American Realty Brokers
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160776
Last Updated: 11/14/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
