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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $357.63
- 3 Days on Market
- MLS # : 6174530
- Updated Date : 12/25/2020 at 12:34
CONSTRUCTION
- Beds : 2
- Floor Size : 1,258 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
This stunning home has 2 bedrooms PLUS a den that can be easily converted into a 3rd full bedroom. You are instantly greeted with soaring high ceilings, a cozy fireplace, and an open area ready for entertaining. The vaulted ceilings continue into the kitchen which features an island with granite countertops, stainless steel appliances, and ample storage space including a pantry. Through the French doors your master bedroom awaits with a soaking tub, double sinks, and a walk-in closet. With one of the larger lots in the community, the private backyard has all the space you need. Enjoy what the community has to offer with a year round heated pool, spa, and tennis courts just yards away. With easy access to the 101 Freeway, it makes getting around town a breeze!
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PRICE & RENT TRENDS
Neighborhood: Mission Santa Fe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mission Santa Fe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$210 | |
| Property Insurance | -$52 | |
| HOA | -$180 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$451
|
||
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.
$449,900
PROJECTED PRICE
$1,750
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 3.8% |
| 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
$124,974
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,475 |
| Loan Amount | $337,425 |
1.17
YEARS SAVED
$2,737
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
-
$1,613
COMP ESTIMATED VALUE -
$1.28
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/28/20- Rent
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- $1,595
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LEASED 01/10/20- Rent
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11515 N 91st Street #238 Scottsdale, AZ 4
- 2 beds 2 baths ∙ 1,372 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,372 Sqft ∙ Built 1987
LEASED 02/04/20- Rent
- Rent Per SQFT
- $1,695
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8873 E Yucca Street Scottsdale, AZ 5
- 2 beds 2 baths ∙ 1,365 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,365 Sqft ∙ Built 1998
LEASED 09/10/20- Rent
- Rent Per SQFT
- $1,900
- $1.39
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174530
Last Updated: 12/25/2020
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.
