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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $329.55
- 3 Days on Market
- MLS # : 6178795
- Updated Date : 01/08/2021 at 23:51
CONSTRUCTION
- Beds : 5
- Floor Size : 5,462 sqft
- Baths : 3 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
Stunning corner lot home has large circular driveway, side vehicle entry garage, and RV gates. Beautiful double door entry. Formal living/dining with coffered ceilings. Tile & Carpet throughout. Private home office. Powder room off main living area. Large laundry/craft room. Spacious open floor plan with wet bar and fireplace. The eat-in kitchen has a plethora of custom cabinets, beautiful granite counters, breakfast bar seating, wall mount double ovens, sub-zero fridge. The master has a cozy fireplace, beautiful en-suite includes a double vanity, jetted tub, step-in shower and a large custom closet. The serene backyard has a large covered patio, fenced pool & spa, Ramada with an outdoor kitchen, and majestic mountain views! Close to all that Scottsdale has to offer with shopping, dining.
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PRICE & RENT TRENDS
Neighborhood: Pima Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pima Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $7,560 |
| EXPENSES | Loan Payment | -$6,252 |
| Property Tax | -$905 | |
| Property Insurance | -$134 | |
| HOA | -$1 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$169
|
||
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.
$1,800,000
PROJECTED PRICE
$7,560
PROJECTED RENT
0.42%
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
$482,750
LOAN DETAILS
$6,252
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $450,000 |
| Loan Amount | $1,350,000 |
5.67
YEARS SAVED
$117,919
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
-
$7,101
COMP ESTIMATED VALUE -
$1.3
COMP AVG. RENT PER SQFT
Comps Range
-
9068 E Chino Drive Scottsdale, AZ 1
- 5 beds 4 baths ∙ 5,462 Sqft ∙ Built 1998 5 beds 4 baths ∙ 5,462 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $0
- $0.00
-
19989 N 94th Way Scottsdale, AZ 2
- 5 beds 5 baths ∙ 5,580 Sqft ∙ Built 2004 5 beds 5 baths ∙ 5,580 Sqft ∙ Built 2004
LEASED 07/01/20- Rent
- Rent Per SQFT
- $7,250
- $1.30
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178795
Last Updated: 01/08/2021
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.
