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PROPERTY INFO
FACTS
- Single Family
- Built In 1968
- Price/Sqft : $343.69
- 1 Days on Market
- MLS # : 6263624
- Updated Date : 07/13/2021 at 02:32
CONSTRUCTION
- Beds : 4
- Floor Size : 1,600 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
OPPORTUNITY IS KNOCKING for a finish-the-fix-up home w/eclectic style! HUGE lot size on 1/3 ACRE at the back of a CUL DE SAC! Large GUEST HOUSE over 500sf w/private bathroom, washer & dryer ~ WORKSHOP with access from the alley ~ BEAUTIFULLY landscaped yard by DESIGNER LANDSCAPE ARTIST ~ Main house is partially renovated & partially gutted for Buyer to finish ~ Renovated bathrooms ~ Master bathroom has dual sinks and walk-in tiled shower ~ CHARMING guest bathroom has CLAW FOOT stand alone TUB & tiled wall surrounding the tub ~ Oversized laundry room w/lots of cabinets for storage & charming corrugated metal ceiling ~ HUGE refinished pool ~ TRANE AC unit ~ SOLD AS IS ~ This is a RARE FIND w/the guest house and separate workshop ~ Property is not financeable ~ Cash purchase required
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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 | $2,210 |
| EXPENSES | Loan Payment | -$1,910 |
| Property Tax | -$257 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$115
|
||
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.
$549,900
PROJECTED PRICE
$2,210
PROJECTED RENT
0.40%
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
$151,474
LOAN DETAILS
$1,910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,475 |
| Loan Amount | $412,425 |
4.58
YEARS SAVED
$25,419
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
-
$2,460
COMP ESTIMATED VALUE -
$1.54
COMP AVG. RENT PER SQFT
Comps Range
-
8749 E Orange Blossom Lane Scottsdale, AZ 1
- 4 beds 3 baths ∙ 1,600 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,600 Sqft ∙ Built 1968
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8614 E Thornwood Drive Scottsdale, AZ 2
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1960
LEASED 03/01/21- Rent
- Rent Per SQFT
- $2,100
- $1.48
-
8707 E Chaparral Road Scottsdale, AZ 3
- 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1960
LEASED 04/19/21- Rent
- Rent Per SQFT
- $2,100
- $1.42
-
8637 E Mariposa Drive Scottsdale, AZ 4
- 4 beds 2 baths ∙ 1,683 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,683 Sqft ∙ Built 1960
LEASED 05/04/21- Rent
- Rent Per SQFT
- $2,450
- $1.46
-
8731 E Mariposa Drive Scottsdale, AZ 5
- 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960
LEASED 02/01/21- Rent
- Rent Per SQFT
- $2,500
- $1.79
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6263624
Last Updated: 07/13/2021
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.
