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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $417.65
- 2 Days on Market
- MLS # : 6172527
- Updated Date : 12/19/2020 at 19:36
CONSTRUCTION
- Beds : 4
- Floor Size : 2,873 sqft
- Baths : 2 full , 1 half
Listing Agent
Az Flat Fee
Listing Agent's Description
Another stunning house by Kristen Nichole Design in sought after McCormick Ranch! Inside Arabian Trail Loop with Greenbelt access. Cul de sac lot. Fully REMODELED in 2020. New- Roof, HVAC, Electrical, Plumbing, Windows and Doors. 450+ SQFT Addition. Inside are soaring beamed ceilings that open to a light bright SPLIT floor plan, cozy two- way fireplace and a skylight in the family room. Lavish kitchen offers Natural Quartzite counters, SS appliances, lg center island, white shaker cabinets, and tile back-splash. The main bedroom is a true retreat with its private exit to patio and an elegant master bath with step-in shower, soaking tub, walk-in closet and dual sinks. There's a bonus room perfect to be used as entertainment room! Enjoy the private backyard with a sparkling blue pool and
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PRICE & RENT TRENDS
Neighborhood: Paradise Park Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Park Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,550 |
| EXPENSES | Loan Payment | -$4,427 |
| Property Tax | -$561 | |
| Property Insurance | -$83 | |
| HOA | -$2 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,622
|
||
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.
$1,199,900
PROJECTED PRICE
$3,550
PROJECTED RENT
0.30%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.1% |
| 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
$323,724
LOAN DETAILS
$4,427
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $299,975 |
| Loan Amount | $899,925 |
0.25
YEARS SAVED
$594
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
-
$3,756
COMP ESTIMATED VALUE -
$1.31
COMP AVG. RENT PER SQFT
Comps Range
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8408 E Quarterhorse Trail Scottsdale, AZ 1
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8672 E Cheryl Drive Scottsdale, AZ 2
- 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 1981
LEASED 02/21/20- Rent
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- $2,900
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8507 E Welsh Trail Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1984
LEASED 04/02/20- Rent
- Rent Per SQFT
- $3,500
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8231 E Appaloosa Trail Scottsdale, AZ 4
- 4 beds 2 baths ∙ 2,824 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,824 Sqft ∙ Built 1979
LEASED 02/01/20- Rent
- Rent Per SQFT
- $3,995
- $1.41
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8528 E Clydesdale Trail Scottsdale, AZ 5
- 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1979
LEASED 08/03/20- Rent
- Rent Per SQFT
- $4,000
- $1.48
PROPERTY LISTING DETAILS
Az Flat Fee
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172527
Last Updated: 12/19/2020
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.
