Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $231.40
- 3 Days on Market
- MLS # : 6172656
- Updated Date : 12/18/2020 at 09:53
CONSTRUCTION
- Beds : 3
- Floor Size : 1,815 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Great neighborhood and Location! New roof and garage door. Spacious low maintenance desert landscape with sprinkler system front & back. Large storage unit in backyard & built in cabinets in garage for extra storage. Wet bar with formal dining. Family & formal living area. Ceiling fans, custom cabinets, LED lighting & skylights throughout. Located near the 101, Old Town, Scottsdale Fashion & ASU. Two refrigerator's, washer, dryer, & microwave included.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Trails at Scottsdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Trails at Scottsdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,260 |
| EXPENSES | Loan Payment | -$1,550 |
| Property Tax | -$196 | |
| Property Insurance | -$63 | |
| HOA | -$2 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$351
|
||
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.
$420,000
PROJECTED PRICE
$2,260
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 8.4% |
| 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
$117,050
LOAN DETAILS
$1,550
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
10
YEARS SAVED
$71,200
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,260
LIST RENT -
$1.25
LIST RENT PER SQFT
-
$2,273
COMP ESTIMATED VALUE -
$1.25
COMP AVG. RENT PER SQFT
Comps Range
-
837 N 85th Street Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1979
![property image]()
- Rent
- Rent Per SQFT
- $2,260
- $1.25
-
809 N 86th Place Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1978
![property image]()
LEASED 02/09/20- Rent
- Rent Per SQFT
- $1,895
- $1.24
-
7736 E Latham Street Scottsdale, AZ 2
- 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1968
![property image]()
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,950
- $1.20
-
821 N 86th Place Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1978
![property image]()
LEASED 01/18/20- Rent
- Rent Per SQFT
- $1,995
- $1.34
-
8754 E Coronado Road Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1961
![property image]()
LEASED 05/27/20- Rent
- Rent Per SQFT
- $2,095
- $1.23
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172656
Last Updated: 12/18/2020
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.
