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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $350.33
- 5 Days on Market
- MLS # : 6188546
- Updated Date : 02/04/2021 at 23:30
CONSTRUCTION
- Beds : 5
- Floor Size : 4,139 sqft
- Baths : 4 full , 1 half
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Celebrate the good life in this spectacular home with endless views, exceptional sunsets and pristine mountain vistas. The corner, acre lot offers privacy with natural space behind. Meticulously updated with porcelain plank flooring throughout, new kitchen, and 18' retractable door to the patio make this home live like new construction. The flow between the indoor & outdoor space captures the essence of desert living and will not disappoint the most discriminating buyer. The main home offers 3567sf with a split floor plan that includes 4 bedrooms and an office. The detached guest house is 572sf and offers a kitchenette and observation deck. Between the 2 homes is a backyard oasis complete with ovesized covered patio, built-in BBQ, pool, spa, firepit and synthetic grass for easy care.
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PRICE & RENT TRENDS
Neighborhood: Sand Flower
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sand Flower
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $5,180 |
| EXPENSES | Loan Payment | -$5,036 |
| Property Tax | -$677 | |
| Property Insurance | -$108 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$790
|
||
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.
$1,450,000
PROJECTED PRICE
$5,180
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.5% |
| 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
$390,000
LOAN DETAILS
$5,036
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $362,500 |
| Loan Amount | $1,087,500 |
2.5
YEARS SAVED
$29,517
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
-
$4,456
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
8386 E Arroyo Seco Road Scottsdale, AZ 1
- 5 beds 5 baths ∙ 4,139 Sqft ∙ Built 2002 5 beds 5 baths ∙ 4,139 Sqft ∙ Built 2002
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
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36210 E Sidewinder Road Carefree, AZ 2
- 4 beds 3 baths ∙ 3,905 Sqft ∙ Built 1983 4 beds 3 baths ∙ 3,905 Sqft ∙ Built 1983
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $3,750
- $0.96
-
37428 N 97th Way Scottsdale, AZ 3
- 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2006
![property image]()
LEASED 11/01/19- Rent
- Rent Per SQFT
- $4,200
- $1.05
-
7545 E Camino Salida Del Sol -- Scottsdale, AZ 4
- 5 beds 6 baths ∙ 4,082 Sqft ∙ Built 2004 5 beds 6 baths ∙ 4,082 Sqft ∙ Built 2004
![property image]()
LEASED 01/16/21- Rent
- Rent Per SQFT
- $5,000
- $1.22
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6188546
Last Updated: 02/04/2021
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.
