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PROPERTY INFO
FACTS
- Single Family
- Built In 1961
- Price/Sqft : $266.52
- 2 Days on Market
- MLS # : 6181584
- Updated Date : 01/24/2021 at 00:24
CONSTRUCTION
- Beds : 4
- Floor Size : 1,801 sqft
- Baths : 2 full
Listing Agent
Venture Rei, Llc
Listing Agent's Description
RARE OPPORTUNITY to own in this highly desirable Scottsdale neighborhood with one of the largest lots in the area! Fantastic 4-bed/2-bath/2-car garage home has been well maintained & meticulously cared for. Home has New Carpet/Paint, New A/C 2018, Travertine floors, dual paned windows, gas range & water heater. Low maintenance/drought tolerant yards w/ auto watering system saves $. Enormous backyard offers RV/Boat gated parking, covered patio, flagstone patio/walkways & firepit, bocce court, & lots of extra room to create your dream oasis! Home is centrally & conveniently located close to shopping, restaurants, golf, Scottsdale Comm College, Mohave Middle School, Chaparral Park/Dog Park, Fashion Square Mall, Old Town, Talking Stick Casino/Resort & 101 Freeway. Schedule your showing today!
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PRICE & RENT TRENDS
Neighborhood: Indian Bend
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Indian Bend
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,180 |
| EXPENSES | Loan Payment | -$1,667 |
| Property Tax | -$224 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$127
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$479,999
PROJECTED PRICE
$2,180
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$132,950
LOAN DETAILS
$1,667
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $120,000 |
| Loan Amount | $359,999 |
7.25
YEARS SAVED
$42,650
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,180
LIST RENT -
$1.21
LIST RENT PER SQFT
-
$2,278
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
-
8702 E Sage Drive Scottsdale, AZ 3
- 4 beds 2 baths ∙ 1,801 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,801 Sqft ∙ Built 1961
- Rent
- Rent Per SQFT
- $2,180
- $1.21
-
8401 E Vista Drive Scottsdale, AZ 1
- 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 1961
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,995
- $1.11
-
8619 E Bonnie Rose Avenue Scottsdale, AZ 2
- 4 beds 2 baths ∙ 1,961 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,961 Sqft ∙ Built 1961
LEASED 12/25/20- Rent
- Rent Per SQFT
- $1,995
- $1.02
-
5820 N 86th Street Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1962
LEASED 08/03/20- Rent
- Rent Per SQFT
- $2,200
- $1.36
-
8556 E Plaza Avenue Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1961
LEASED 05/30/20- Rent
- Rent Per SQFT
- $2,600
- $1.57
PROPERTY LISTING DETAILS
Venture Rei, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181584
Last Updated: 01/24/2021
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.
