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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $366.68
- 6 Days on Market
- MLS # : 6182997
- Updated Date : 01/19/2021 at 22:46
CONSTRUCTION
- Beds : 2
- Floor Size : 2,659 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Fine Properties
Listing Agent's Description
OPPORTUNITY KNOCKS! 2.5 Acres in North Scottsdale with Mountain Views AND Gated!! Great opportunity for a builders spec or home owners dream home. Plenty of space for multiple structures: main house, pool house, casita, detached home office, gym, studio, etc. This property is for an enthusiast of any kind with plenty of space for a collection such as cars, horses, boats or whatever the hobby. Price is firm and property is being sold AS-IS.
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PRICE & RENT TRENDS
Neighborhood: Los Gatos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Los Gatos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,620 |
| EXPENSES | Loan Payment | -$3,387 |
| Property Tax | -$726 | |
| Property Insurance | -$79 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$674
|
||
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.
$975,000
PROJECTED PRICE
$3,620
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.5% |
| 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
$264,125
LOAN DETAILS
$3,387
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $243,750 |
| Loan Amount | $731,250 |
1.67
YEARS SAVED
$10,905
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
-
$3,975
COMP ESTIMATED VALUE -
$1.5
COMP AVG. RENT PER SQFT
Comps Range
-
8542 E Los Gatos Drive Scottsdale, AZ 1
- 2 beds 3 baths ∙ 2,659 Sqft ∙ Built 1981 2 beds 3 baths ∙ 2,659 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8276 E Mohawk Lane Scottsdale, AZ 2
- 2 beds 2 baths ∙ 2,366 Sqft ∙ Built 1996 2 beds 2 baths ∙ 2,366 Sqft ∙ Built 1996
LEASED 05/11/20- Rent
- Rent Per SQFT
- $3,350
- $1.42
-
19568 N 84th Street Scottsdale, AZ 3
- 2 beds 3 baths ∙ 2,544 Sqft ∙ Built 1999 2 beds 3 baths ∙ 2,544 Sqft ∙ Built 1999
LEASED 01/15/20- Rent
- Rent Per SQFT
- $3,995
- $1.57
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182997
Last Updated: 01/19/2021
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.
