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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $328.10
- 1 Days on Market
- MLS # : 6210208
- Updated Date : 03/21/2021 at 05:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,676 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
This lovely 3 bed, 2 bath has been tastefully remodeled and offers many upgrades. Kitchen and bathrooms remodeled in 2019. The dual pane windows and 14 Seer Trane A/C (2016) help with energy efficiency. The immaculate kitchen has custom soft close real wood cabinets with slide out shelves, high-end SS appls, quartz counters, breakfast bar, a workstation sink and breakfast nook. The spacious owner's room has a walk-in closet and a lavish bathroom with dual vanity & floor-to-ceiling tiled shower. Travertine flooring t/o and brand new carpet in the bedrooms. Newer patio roof (2019) and main roof (2010). The backyard features a covered patio and green lawn perfect to relax after a long day while enjoying your favorite beverage. Close to many of Scottsdale's highly desirable attractions.
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PRICE & RENT TRENDS
Neighborhood: Scottsdale Estates Ten
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Scottsdale Estates Ten
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,040 |
| EXPENSES | Loan Payment | -$1,910 |
| Property Tax | -$257 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$286
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$549,900
PROJECTED PRICE
$2,040
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$151,474
LOAN DETAILS
$1,910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,475 |
| Loan Amount | $412,425 |
3.17
YEARS SAVED
$13,720
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,040
LIST RENT -
$1.22
LIST RENT PER SQFT
-
$2,229
COMP ESTIMATED VALUE -
$1.33
COMP AVG. RENT PER SQFT
Comps Range
-
8433 E Vernon Avenue Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $2,040
- $1.22
-
8638 E Virginia Avenue Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1960
LEASED 12/10/20- Rent
- Rent Per SQFT
- $2,250
- $1.24
-
8608 E Vernon Avenue Scottsdale, AZ 3
- 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960
LEASED 07/28/20- Rent
- Rent Per SQFT
- $2,300
- $1.37
-
8212 E Wilshire Drive Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1959
LEASED 05/22/20- Rent
- Rent Per SQFT
- $2,375
- $1.33
-
8511 E Cambridge Avenue Scottsdale, AZ 5
- 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1961
LEASED 02/15/21- Rent
- Rent Per SQFT
- $2,450
- $1.38
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6210208
Last Updated: 03/21/2021
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.
