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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $329.14
- 2 Days on Market
- MLS # : 6194041
- Updated Date : 03/13/2021 at 17:16
CONSTRUCTION
- Beds : 4
- Floor Size : 2,306 sqft
- Baths : 3 full
Listing Agent
Exp Realty
Listing Agent's Description
Mid century masterpiece. An impeccable modern remodel in prime south Scottsdale location with a mother in-laws suite .Minutes from old town Scottsdale shopping and restaurants. This a one of a kind with all the essential updates.New AC, Roof, kitchen, baths, flooring etc, This home a spacious great room and dinning room perfect for entertaining. The master suite is expansive including a dream closet. The luxurious master bath boasts a custom tile shower with rain head, and a deep soaker tub.and electric fireplace NO HOA. Don't miss this opportunity.
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PRICE & RENT TRENDS
Neighborhood: Scottsdale Estates Fourteen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Scottsdale Estates Fourteen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,910 |
| EXPENSES | Loan Payment | -$2,636 |
| Property Tax | -$355 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$252
|
||
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.
$759,000
PROJECTED PRICE
$2,910
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 12.9% |
| 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
$206,885
LOAN DETAILS
$2,636
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $189,750 |
| Loan Amount | $569,250 |
3.67
YEARS SAVED
$25,692
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,910
LIST RENT -
$1.26
LIST RENT PER SQFT
-
$3,396
COMP ESTIMATED VALUE -
$1.47
COMP AVG. RENT PER SQFT
Comps Range
-
8602 E Highland Avenue Scottsdale, AZ 1
- 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 1960 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $2,910
- $1.26
-
4520 N 82nd Street Scottsdale, AZ 2
- 4 beds 4 baths ∙ 2,210 Sqft ∙ Built 1973 4 beds 4 baths ∙ 2,210 Sqft ∙ Built 1973
LEASED 04/05/20- Rent
- Rent Per SQFT
- $3,000
- $1.36
-
8555 E Roma Avenue Scottsdale, AZ 3
- 4 beds 4 baths ∙ 2,200 Sqft ∙ Built 1966 4 beds 4 baths ∙ 2,200 Sqft ∙ Built 1966
LEASED 11/01/20- Rent
- Rent Per SQFT
- $3,350
- $1.52
-
4001 N 86th Street Scottsdale, AZ 4
- 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 1971 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 1971
LEASED 08/01/20- Rent
- Rent Per SQFT
- $3,495
- $1.48
-
8708 E Rancho Vista Drive Scottsdale, AZ 5
- 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 1960 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 1960
LEASED 05/05/20- Rent
- Rent Per SQFT
- $3,500
- $1.53
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194041
Last Updated: 03/13/2021
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.
