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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $398.69
- 3 Days on Market
- MLS # : 6178383
- Updated Date : 01/08/2021 at 14:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,066 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Airbnb/Short Term Rental GOLD!!! No HOA, great neighborhood, fun backyard, fireplace, close to everything in Old Town, Nice Cabinets and Granite Counter Tops. There is no wasted space in this floor plan. There is an enclosed storage and laundry room. Fantastic covered patio and perfect outdoor fire-pit area. The covered parking spot could easily be converted to a garage. This is an ideal house for any family or renter. Furniture can be included in separate bill of sale.
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PRICE & RENT TRENDS
Neighborhood: Scottsdale Highlands Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Scottsdale Highlands Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$199 | |
| Property Insurance | -$48 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$18
|
||
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.
$425,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 8.0% |
| 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
$118,375
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
5.67
YEARS SAVED
$26,904
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,650
COMP ESTIMATED VALUE -
$1.55
COMP AVG. RENT PER SQFT
Comps Range
-
8515 E Mackenzie Drive Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,066 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,066 Sqft ∙ Built 1963
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8161 E Glenrosa Avenue Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1971
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,350
- $1.35
-
8111 E Glenrosa Avenue Scottsdale, AZ 3
- 3 beds 1 baths ∙ 994 Sqft ∙ Built 1971 3 beds 1 baths ∙ 994 Sqft ∙ Built 1971
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,595
- $1.60
-
8518 E Rancho Vista Drive Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1960
![property image]()
LEASED 09/20/20- Rent
- Rent Per SQFT
- $1,895
- $1.50
-
8515 E Heatherbrae Avenue Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1963
![property image]()
LEASED 03/27/20- Rent
- Rent Per SQFT
- $2,195
- $1.74
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178383
Last Updated: 01/08/2021
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.
