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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $311.95
- 3 Days on Market
- MLS # : 6178010
- Updated Date : 01/09/2021 at 21:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,715 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Beautifully remodeled South Scottsdale home on a quiet cul-de-sac street close to the Loop 101 and Thomas rd. The property boasts an amazing open floor plan with 3 bedrooms, 2 bathrooms, large laundry room and a huge walk-in closet in the master bedroom. The front yard provides tasteful, low maintenance, desert landscape while the large backyard offers a fantastic covered patio, lush green grass and privacy. Schedule your private showing today! See 3D Matterport tour for a virtual walk through!
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PRICE & RENT TRENDS
Neighborhood: Scottsdale Estates Twelve
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Scottsdale Estates Twelve
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,140 |
| EXPENSES | Loan Payment | -$1,858 |
| Property Tax | -$250 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$128
|
||
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.
$535,000
PROJECTED PRICE
$2,140
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 14.5% |
| 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
$147,525
LOAN DETAILS
$1,858
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $133,750 |
| Loan Amount | $401,250 |
4.42
YEARS SAVED
$23,386
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$1.25
LIST RENT PER SQFT
-
$2,195
COMP ESTIMATED VALUE -
$1.28
COMP AVG. RENT PER SQFT
Comps Range
-
8713 E Cypress Street Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $2,140
- $1.25
-
8754 E Coronado Road Scottsdale, AZ 1
- 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1961
LEASED 05/27/20- Rent
- Rent Per SQFT
- $2,095
- $1.23
-
8619 E Cambridge Avenue Scottsdale, AZ 3
- 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960
LEASED 03/02/20- Rent
- Rent Per SQFT
- $2,150
- $1.28
-
8638 E Virginia Avenue Scottsdale, AZ 4
- 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1960
LEASED 12/10/20- Rent
- Rent Per SQFT
- $2,250
- $1.24
-
8608 E Vernon Avenue Scottsdale, AZ 5
- 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960
LEASED 07/28/20- Rent
- Rent Per SQFT
- $2,300
- $1.37
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178010
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.
