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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $285.25
- 4 Days on Market
- MLS # : 6192115
- Updated Date : 02/14/2021 at 01:57
CONSTRUCTION
- Beds : 4
- Floor Size : 2,752 sqft
- Baths : 2 full , 1 half
Listing Agent
Azarchitecture/jarson & Jarson
Listing Agent's Description
This beautiful home is located in the Stonegate Community. Meticulously maintained, this home features an abundance of windows, allowing natural light from every direction. The flow of the floor plan has elegant living/dining & casual entertaining family rm w/ fireplace. Open concept kitchen features a large island, granite counters, eat-in area, lots of storage w/ pull out drawers, R/O system & soft water. This pristine, single story split plan, has a roomy master suite, spa tub, dual vanities, walk-in closet & access to the patio & pool. There are 3 additional bedrms, powder rm, guest bath & wood shutters throughout. Community features 24 hr security at the gate, 7 tennis courts, Olympic-sized pool & spa, clubhouse, playgrd, basketball & pickleball crts. Do not miss out on this home!
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PRICE & RENT TRENDS
Neighborhood: Stonegate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stonegate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,890 |
| EXPENSES | Loan Payment | -$2,727 |
| Property Tax | -$367 | |
| Property Insurance | -$81 | |
| HOA | -$200 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$584
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$785,000
PROJECTED PRICE
$2,890
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$213,775
LOAN DETAILS
$2,727
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $196,250 |
| Loan Amount | $588,750 |
1.58
YEARS SAVED
$7,477
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,890
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$3,034
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
9155 N 117th Way Scottsdale, AZ 2
- 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $2,890
- $1.05
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12017 E Mission Lane E Scottsdale, AZ 1
- 3 beds 2 baths ∙ 2,480 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,480 Sqft ∙ Built 1996
LEASED 09/01/19- Rent
- Rent Per SQFT
- $2,550
- $1.03
-
11849 E Bella Vista Drive Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1994
LEASED 10/27/19- Rent
- Rent Per SQFT
- $2,995
- $1.09
-
11653 E Sorrel Lane Scottsdale, AZ 4
- 4 beds 2 baths ∙ 2,883 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,883 Sqft ∙ Built 1994
LEASED 01/26/21- Rent
- Rent Per SQFT
- $3,200
- $1.11
-
11836 E Bella Vista Drive Scottsdale, AZ 5
- 4 beds 2 baths ∙ 2,752 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,752 Sqft ∙ Built 1992
LEASED 06/01/20- Rent
- Rent Per SQFT
- $3,250
- $1.18
PROPERTY LISTING DETAILS
Azarchitecture/jarson & Jarson
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192115
Last Updated: 02/14/2021
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.
