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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $387.43
- 2 Days on Market
- MLS # : 6177469
- Updated Date : 01/09/2021 at 14:20
CONSTRUCTION
- Beds : 3
- Floor Size : 2,323 sqft
- Baths : 3 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Resort inspired modern contemporary dream home on just over 1/4 acre lot! All furnishings included in the sale of the home! All new brick pavers welcome you to your private courtyard overlooking manicured lawn w/new landscaping + irrigation. Enter through new double entry doors and behold all new interior features including teak plank tile flooring, SOLID white + Tahoe Ash cabinets, LED canned lighting, custom crafted barn doors, new windows, and more! 12' sliding doors open to ALL NEW 70' custom built Douglas Fir patio cover, walnut travertine brick pavers, magnificent abalone shell speckled diving pool with low profile waterfall, custom privacy screens, landscaping and irrigation, low maintenance synthetic grass, storage shed, and mature orange + grapefruit trees.
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PRICE & RENT TRENDS
Neighborhood: Sands Scottsdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sands Scottsdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,890 |
| EXPENSES | Loan Payment | -$3,126 |
| Property Tax | -$421 | |
| Property Insurance | -$72 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$880
|
||
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.
$900,000
PROJECTED PRICE
$2,890
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.2% |
| 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
$244,250
LOAN DETAILS
$3,126
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $225,000 |
| Loan Amount | $675,000 |
1
YEARS SAVED
$3,496
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
-
$2,671
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
8571 E Via De Encanto -- Scottsdale, AZ 1
- 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8313 E Via De Las Flores -- Scottsdale, AZ 2
- 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 1977
LEASED 07/25/20- Rent
- Rent Per SQFT
- $2,300
- $1.04
-
7067 N Via De La Montana -- Scottsdale, AZ 3
- 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 1979
LEASED 06/15/20- Rent
- Rent Per SQFT
- $2,495
- $1.07
-
7805 N Via De La Montana -- Scottsdale, AZ 4
- 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 1977
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,700
- $1.25
-
7043 N Via De Los Ninos -- N Scottsdale, AZ 5
- 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 1979
LEASED 01/01/21- Rent
- Rent Per SQFT
- $2,895
- $1.24
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177469
Last Updated: 01/09/2021
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.
