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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $367.44
- 5 Days on Market
- MLS # : 6168034
- Updated Date : 01/16/2021 at 00:09
CONSTRUCTION
- Beds : 4
- Floor Size : 1,984 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Phoenix
Listing Agent's Description
Located on a private cul-de-sac in the coveted Paseo Village, this property is a 4 bed, 2 bath, 1984 SF classic that sits on a 10,845 sf lot - one of the largest in the neighborhood. It has fantastic curb appeal with timeless red brick and tasteful landscaping. The roof is worth mentioning: it's a metal roof over 4 inches of foam designed to look like tile and has more than double the lifespan of your standard terracotta. The backyard is beautiful, spacious, and green and features mature citrus trees and a stunning pool and spa so you can soak in the palm trees. Inside you have gorgeous Saltillo tile that gives the home an authentic southwestern feel, a separate laundry room, 4 bedrooms, and recently installed Pella windows and doors. This home is bursting with potential!
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PRICE & RENT TRENDS
Neighborhood: Paseo Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paseo Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,290 |
| EXPENSES | Loan Payment | -$2,532 |
| Property Tax | -$341 | |
| Property Insurance | -$66 | |
| HOA | -$2 | |
| 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 15% of earned rent to cover both maintenance and periods of vacancy.
$729,000
PROJECTED PRICE
$3,290
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.4% |
| 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
$198,935
LOAN DETAILS
$2,532
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $182,250 |
| Loan Amount | $546,750 |
7.42
YEARS SAVED
$67,358
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,290
LIST RENT -
$1.66
LIST RENT PER SQFT
-
$3,021
COMP ESTIMATED VALUE -
$1.52
COMP AVG. RENT PER SQFT
Comps Range
-
8329 E Via De Encanto -- Scottsdale, AZ 3
- 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $3,290
- $1.66
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7025 N Via De Paesia -- Scottsdale, AZ 1
- 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1975
LEASED 08/20/20- Rent
- Rent Per SQFT
- $2,995
- $1.39
-
8534 E Via De Viva -- Scottsdale, AZ 2
- 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1975
LEASED 08/07/20- Rent
- Rent Per SQFT
- $3,000
- $1.52
-
7044 N Via De Paesia -- Scottsdale, AZ 4
- 4 beds 2 baths ∙ 2,152 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,152 Sqft ∙ Built 1975
LEASED 10/01/20- Rent
- Rent Per SQFT
- $3,300
- $1.53
-
8507 E Via De Los Libros -- Scottsdale, AZ 5
- 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1976
LEASED 09/01/20- Rent
- Rent Per SQFT
- $3,500
- $1.65
PROPERTY LISTING DETAILS
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168034
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
