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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $320.61
- 2 Days on Market
- MLS # : 6178859
- Updated Date : 01/09/2021 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,620 sqft
- Baths : 2 full
Listing Agent
Corcoran Platinum Living
Listing Agent's Description
PRIME MCCORMICK RANCH LOCATION! When you pull up to this home, you will notice the gorgeous front courtyard with pavers, professionally designed desert landscaping with artificial grass, new garage door and a beautiful driveway with pavers. Walk into through the incredible 9 ft front doors into foyer with vaulted ceilings, wood plank tile, new carpet, and beautiful floor to ceiling brick fireplace with a custom wood mantle. No interior steps! The kitchen has a gas stove (rare in McCormick Ranch), high end appliances, granite countertops, island and beautiful custom cabinets. French doors lead you to the gorgeous backyard with a large paved covered patio, built in BBQ, play area with lots of grass and mountain views. Large master bedroom with his/hers closets. The master bath has a gorgeous
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PRICE & RENT TRENDS
Neighborhood: McCormick Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: McCormick Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,800 |
| EXPENSES | Loan Payment | -$2,918 |
| Property Tax | -$393 | |
| Property Insurance | -$78 | |
| HOA | -$2 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$311
|
||
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.
$840,000
PROJECTED PRICE
$3,800
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.5% |
| 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
$228,350
LOAN DETAILS
$2,918
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $210,000 |
| Loan Amount | $630,000 |
7.5
YEARS SAVED
$79,833
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,800
LIST RENT -
$1.45
LIST RENT PER SQFT
-
$3,910
COMP ESTIMATED VALUE -
$1.49
COMP AVG. RENT PER SQFT
Comps Range
-
9225 N 82nd Street Scottsdale, AZ 2
- 4 beds 2 baths ∙ 2,620 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,620 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $3,800
- $1.45
-
8507 E Welsh Trail Scottsdale, AZ 1
- 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1984
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LEASED 04/02/20- Rent
- Rent Per SQFT
- $3,500
- $1.27
-
8108 E Del Joya Drive Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1979
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LEASED 10/15/20- Rent
- Rent Per SQFT
- $3,995
- $1.65
-
9187 N 82nd Street Scottsdale, AZ 4
- 4 beds 2 baths ∙ 2,540 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,540 Sqft ∙ Built 1984
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $4,000
- $1.57
-
8528 E Clydesdale Trail Scottsdale, AZ 5
- 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1979
![property image]()
LEASED 08/03/20- Rent
- Rent Per SQFT
- $4,000
- $1.48
PROPERTY LISTING DETAILS
Corcoran Platinum Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178859
Last Updated: 01/09/2021
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.
