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PROPERTY INFO
FACTS
- Single Family
- Built In 1966
- Price/Sqft : $314.17
- 9 Days on Market
- MLS # : 6178147
- Updated Date : 01/15/2021 at 22:17
CONSTRUCTION
- Beds : 3
- Floor Size : 2,053 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Absolutely perfect remodeled ranch style home in the heart of Scottsdale 5 minutes from Old Town Scottsdale!!! This 3 bedroom, 2 bath features family room, formal dinng room with porcelain wood tile plank flooring t/o except for plush carpet in all 3 bedrooms! Plantation shutters on windows and contemporary custom entertainment center/fireplace in family room AND master suite. Huge quartz kitchen island for the whole family to gather around. Breakfast bar, SS appliances, large pantry, wine cooler and lots of beautifully upgraded white cabinetry with plenty of storage space! Master suite has recessed lighting, beautiful fireplace, designer tile, upgraded fixtures and a walk-in steam shower. Other bedrooms are large with good sized closets. Gorgeous enclosed lanai with french doors.
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PRICE & RENT TRENDS
Neighborhood: Pointe Scottsdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pointe Scottsdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,500 |
| EXPENSES | Loan Payment | -$2,240 |
| Property Tax | -$302 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$208
|
||
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.
$645,000
PROJECTED PRICE
$2,500
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.8% |
| 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
$176,675
LOAN DETAILS
$2,240
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $161,250 |
| Loan Amount | $483,750 |
3.67
YEARS SAVED
$22,295
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
-
$2,515
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
8445 E Fairmount Avenue Scottsdale, AZ 1
- 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 1966 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 1966
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8705 E Monterosa Avenue Scottsdale, AZ 2
- 3 beds 2 baths ∙ 2,056 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,056 Sqft ∙ Built 1969
LEASED 08/31/20- Rent
- Rent Per SQFT
- $2,300
- $1.12
-
8341 E Mackenzie Drive Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1959
LEASED 07/05/20- Rent
- Rent Per SQFT
- $2,380
- $1.24
-
8647 E Devonshire Avenue Scottsdale, AZ 4
- 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 1969
LEASED 12/29/20- Rent
- Rent Per SQFT
- $2,500
- $1.22
-
8337 E Fairmount Avenue Scottsdale, AZ 5
- 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1958
LEASED 05/16/20- Rent
- Rent Per SQFT
- $2,650
- $1.32
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178147
Last Updated: 01/15/2021
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.
