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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $414.60
- 38 Days on Market
- MLS # : 6167489
- Updated Date : 01/07/2021 at 17:18
CONSTRUCTION
- Beds : 5
- Floor Size : 3,220 sqft
- Baths : 3 full , 1 half
Listing Agent
Goddes Homes
Listing Agent's Description
Rare find in McCormick Ranch! Stunning contemporary custom NEW BUILD (2014) in the highly desired Tierra Nueva neighborhood of McCormick Ranch. This beautiful 5 bed/3.5 bath home was COMPLETELY rebuilt in 2014 w/ thoughtfully designed custom features & upgrades throughout - no details overlooked. It boasts an open & split floor plan w/ 10+ ft ceilings throughout (reaching up to 20+ ft in the vaulted great room), stunning curb appeal, wood-look tile floors, and multiple patio access doors for an ultimate indoor/outdoor lifestyle. The expansive great room is truly impressive w/ gorgeous wood beams along the 20+ ft vaulted ceiling that continue outdoors to the covered patio, wall to wall panoramic sliding glass doors that combine the indoor & outdoor living areas, oversized
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PRICE & RENT TRENDS
Neighborhood: Country Horizons
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Country Horizons
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,900 |
| EXPENSES | Loan Payment | -$4,637 |
| Property Tax | -$624 | |
| Property Insurance | -$90 | |
| HOA | -$2 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,552
|
||
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.
$1,335,000
PROJECTED PRICE
$3,900
PROJECTED RENT
0.29%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.9% |
| 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
$359,525
LOAN DETAILS
$4,637
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $333,750 |
| Loan Amount | $1,001,250 |
0.42
YEARS SAVED
$1,451
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,900
LIST RENT -
$1.21
LIST RENT PER SQFT
-
$4,605
COMP ESTIMATED VALUE -
$1.43
COMP AVG. RENT PER SQFT
Comps Range
-
8707 E San Martin Drive Scottsdale, AZ 1
- 5 beds 4 baths ∙ 3,220 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,220 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $3,900
- $1.21
-
7855 E Desert Cove Avenue Scottsdale, AZ 2
- 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 1997
LEASED 06/01/20- Rent
- Rent Per SQFT
- $5,000
- $1.43
PROPERTY LISTING DETAILS
Goddes Homes
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167489
Last Updated: 01/07/2021
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.
