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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $380.69
- 2 Days on Market
- MLS # : 6176341
- Updated Date : 01/02/2021 at 18:10
CONSTRUCTION
- Beds : 4
- Floor Size : 3,139 sqft
- Baths : 2 full , 1 half
Listing Agent
Launch Real Estate
Listing Agent's Description
YOU MAY HAVE JUST FOUND YOUR FOREVER HOME! WHO SAYS YOU CAN'T HAVE IT ALL? This is a home you want to come home to & your Family will enjoy growing up in! Every element has been re-designed to exacting standards, FOR THE CONNOISSEUR OF ALL THINGS LUXE! by day it's magnificent, but by night its spectacular, prepare to be blown away! The front door sets the scene for what's to come & it delivers on it's promise! From the moment you enter through the custom 12 ft designer front door, you will not want to leave. The impressive vaulted ceilings all with Restoration Hardware Chandeliers & Fans creates a vision of light & space. Sit on your front patio & wave to your friendly neighbors or seclude yourselves on your covered patio overlooking the luscious backyard while enjoying weekend BBQ's
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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 | $3,830 |
| EXPENSES | Loan Payment | -$4,409 |
| Property Tax | -$559 | |
| Property Insurance | -$88 | |
| HOA | -$2 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,327
|
||
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.
$1,195,000
PROJECTED PRICE
$3,830
PROJECTED RENT
0.32%
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
$322,425
LOAN DETAILS
$4,409
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $298,750 |
| Loan Amount | $896,250 |
0.67
YEARS SAVED
$3,842
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
-
$3,853
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
8430 E Appaloosa Trail Scottsdale, AZ 1
- 4 beds 3 baths ∙ 3,139 Sqft ∙ Built 1985 4 beds 3 baths ∙ 3,139 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8614 E Appaloosa Trail Scottsdale, AZ 2
- 4 beds 3 baths ∙ 3,003 Sqft ∙ Built 1981 4 beds 3 baths ∙ 3,003 Sqft ∙ Built 1981
LEASED 12/28/20- Rent
- Rent Per SQFT
- $3,150
- $1.05
-
10422 N 82nd Place Scottsdale, AZ 3
- 4 beds 3 baths ∙ 3,153 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,153 Sqft ∙ Built 1979
LEASED 06/26/20- Rent
- Rent Per SQFT
- $3,550
- $1.13
-
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
-
11544 N 83rd Place Scottsdale, AZ 5
- 4 beds 3 baths ∙ 3,342 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,342 Sqft ∙ Built 1990
LEASED 08/31/20- Rent
- Rent Per SQFT
- $4,400
- $1.32
PROPERTY LISTING DETAILS
Launch Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176341
Last Updated: 01/02/2021
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.
