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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $342.06
- 3 Days on Market
- MLS # : 6174690
- Updated Date : 01/22/2021 at 14:50
CONSTRUCTION
- Beds : 4
- Floor Size : 2,558 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
One of the most beautiful properties you will come across in South Scottsdale. Fully gutted & permitted, everything is new from the AC units, water heater, plumbing, electrical, etc. As you walk through the front door soaring raised ceilings create a grand entrance into an open concept floor plan with a gourmet chef's kitchen. A 12 foot quartz waterfall island, brand new soft close cabinets, and stainless steel appliances. The split floorplan has the master suite on the east side of the home, with a jaw dropping master bathroom equipped with a full wet room; double shower heads, ceiling rain shower, and freestanding tub. French doors open to the backyard that is newly paved & landscaped. Not to mention you are on a very quiet & private cul-de-sac!
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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 | $2,850 |
| EXPENSES | Loan Payment | -$3,039 |
| Property Tax | -$409 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$774
|
||
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.
$875,000
PROJECTED PRICE
$2,850
PROJECTED RENT
0.33%
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
$237,625
LOAN DETAILS
$3,039
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $218,750 |
| Loan Amount | $656,250 |
1.42
YEARS SAVED
$6,522
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
-
$3,351
COMP ESTIMATED VALUE -
$1.31
COMP AVG. RENT PER SQFT
Comps Range
-
8756 E Monterey Way Scottsdale, AZ 1
- 4 beds 2 baths ∙ 2,558 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,558 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8330 E Monterey Way Scottsdale, AZ 2
- 4 beds 2 baths ∙ 2,358 Sqft ∙ Built 1963 4 beds 2 baths ∙ 2,358 Sqft ∙ Built 1963
LEASED 04/10/20- Rent
- Rent Per SQFT
- $2,500
- $1.06
-
3901 N 86th Street Scottsdale, AZ 3
- 4 beds 4 baths ∙ 2,390 Sqft ∙ Built 1971 4 beds 4 baths ∙ 2,390 Sqft ∙ Built 1971
LEASED 12/10/20- Rent
- Rent Per SQFT
- $3,000
- $1.26
-
8731 E Monterey Way Scottsdale, AZ 4
- 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 1974 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 1974
LEASED 01/08/21- Rent
- Rent Per SQFT
- $3,400
- $1.44
-
4001 N 86th Street Scottsdale, AZ 5
- 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
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174690
Last Updated: 01/22/2021
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.
