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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $298.88
- 5 Days on Market
- MLS # : 6164766
- Updated Date : 11/27/2020 at 13:17
CONSTRUCTION
- Beds : 2
- Floor Size : 1,606 sqft
- Baths : 2 full
Listing Agent
Re/max Fine Properties
Listing Agent's Description
Location is EVERYTHING and this stylish home is in the heart of it all! Immaculately maintained, you'll love the warm wood tile flooring, granite countertops, rich espresso cabinetry, stainless steel appliances, fabulous 2 way fireplace, and the perfect home office with built-in custom cabinetry. The split master suite offers a walk in closet and a full master bath with a separate shower, soaker tub and double sinks. Outside you'll find a covered patio overlooking an extra large backyard with landscaping that captures the sonoran desert lifestyle perfectly. The gated Desert Village community features a community pool just down the street, incredible mountain views, and is just minutes to shopping & dining at Market Street in DC Ranch, golf courses and easy freeway access. Won't last long!
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PRICE & RENT TRENDS
Neighborhood: Desert Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,230 |
| EXPENSES | Loan Payment | -$1,771 |
| Property Tax | -$224 | |
| Property Insurance | -$59 | |
| HOA | -$39 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$38
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$480,000
PROJECTED PRICE
$2,230
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 2.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| 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
$1,771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $120,000 |
| Loan Amount | $360,000 |
5.67
YEARS SAVED
$36,831
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,230
LIST RENT -
$1.39
LIST RENT PER SQFT
-
$2,220
COMP ESTIMATED VALUE -
$1.38
COMP AVG. RENT PER SQFT
Comps Range
-
8833 E Calle Buena Vista Scottsdale, AZ 5
- 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $2,230
- $1.39
-
20750 N 87th Street #2120 Scottsdale, AZ 1
- 2 beds 2 baths ∙ 1,356 Sqft ∙ Built 2009 2 beds 2 baths ∙ 1,356 Sqft ∙ Built 2009
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,000
- $1.47
-
8936 E Conquistadores Drive Scottsdale, AZ 2
- 2 beds 2 baths ∙ 1,550 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,550 Sqft ∙ Built 1997
LEASED 12/15/19- Rent
- Rent Per SQFT
- $2,100
- $1.35
-
23197 N 89th Place Scottsdale, AZ 3
- 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1998
LEASED 08/28/20- Rent
- Rent Per SQFT
- $2,150
- $1.34
-
8926 E Calle Buena Vista Scottsdale, AZ 4
- 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1997
LEASED 12/01/19- Rent
- Rent Per SQFT
- $2,200
- $1.37
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164766
Last Updated: 11/27/2020
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.
