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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $402.24
- 2 Days on Market
- MLS # : 6174519
- Updated Date : 12/26/2020 at 16:43
CONSTRUCTION
- Beds : 2
- Floor Size : 1,740 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Captivating Parks at DC Ranch single level home is perfect for the full-time or seasonal resident, offering updated finishes throughout the sought after Berkshire model. Charming curb appeal welcomes you into this beautifully renovated home with modern appointments including Quartz counters, white Shaker cabinets, stainless appliances, gas range, wine refrigerator, wide plank wood flooring, plantation shutters, gas fireplace with subway tile surround, custom display niches, custom lighting, custom paint & more. Surrounded by private & serene outdoor living spaces offering low maintenance turf, paver hardscaping, lighting & vegetation, this treasure is conveniently located to enjoy community amenities.
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PRICE & RENT TRENDS
Neighborhood: DC Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: DC Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,870 |
| EXPENSES | Loan Payment | -$2,582 |
| Property Tax | -$412 | |
| Property Insurance | -$61 | |
| HOA | -$229 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$513
|
||
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.
$699,900
PROJECTED PRICE
$2,870
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 1.7% |
| 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
$191,224
LOAN DETAILS
$2,582
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,975 |
| Loan Amount | $524,925 |
1.67
YEARS SAVED
$8,486
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
-
$2,362
COMP ESTIMATED VALUE -
$1.36
COMP AVG. RENT PER SQFT
Comps Range
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9260 E Canyon View Road Scottsdale, AZ 1
- 2 beds 2 baths ∙ 1,740 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,740 Sqft ∙ Built 2006
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- $0
- $0.00
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8917 E Maple Drive Scottsdale, AZ 2
- 2 beds 2 baths ∙ 1,482 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,482 Sqft ∙ Built 1992
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LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,800
- $1.21
-
18920 N 89th Way Scottsdale, AZ 3
- 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1992
![property image]()
LEASED 11/08/19- Rent
- Rent Per SQFT
- $1,995
- $1.41
-
18675 N 91st Street Scottsdale, AZ 4
- 2 beds 2 baths ∙ 1,542 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,542 Sqft ∙ Built 1994
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,995
- $1.29
-
18965 N 89th Way Scottsdale, AZ 5
- 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1992
![property image]()
LEASED 12/21/19- Rent
- Rent Per SQFT
- $2,150
- $1.52
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174519
Last Updated: 12/26/2020
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.
