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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $250.61
- 3 Days on Market
- MLS # : 6163209
- Updated Date : 11/20/2020 at 15:58
CONSTRUCTION
- Beds : 1
- Floor Size : 814 sqft
- Baths : 1 full
Listing Agent
Homie
Listing Agent's Description
Highly desired location McComick Ranch condo! Just a couple blocks away to shopping, groceries, restaurants, hospital, library and the Indian Bend Trail for walking/biking. Well maintained and spacious open floor plan. All Applicances included, even a Washer/dryer. New plush carpet in main living and dining area. Balconies in the front AND the back. Lots of closet space AND storage. Covered parking space in front. Heated pools, spa, tennis courts and a walking path in the community.
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PRICE & RENT TRENDS
Neighborhood: Via Linda Corridor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Via Linda Corridor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,150 |
| EXPENSES | Loan Payment | -$753 |
| Property Tax | -$104 | |
| Property Insurance | -$43 | |
| HOA | -$259 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$107
|
||
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.
$204,000
PROJECTED PRICE
$1,150
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.8% |
| 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
$59,810
LOAN DETAILS
$753
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $51,000 |
| Loan Amount | $153,000 |
2.25
YEARS SAVED
$3,744
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,150
LIST RENT -
$1.41
LIST RENT PER SQFT
-
$1,148
COMP ESTIMATED VALUE -
$1.41
COMP AVG. RENT PER SQFT
Comps Range
-
9340 N 92nd Street #203 Scottsdale, AZ 2
- 1 beds 1 baths ∙ 814 Sqft ∙ Built 1983 1 beds 1 baths ∙ 814 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,150
- $1.41
-
9340 N 92nd Street N #103 Scottsdale, AZ 1
- 1 beds 1 baths ∙ 814 Sqft ∙ Built 1983 1 beds 1 baths ∙ 814 Sqft ∙ Built 1983
LEASED 09/25/20- Rent
- Rent Per SQFT
- $1,000
- $1.23
-
9275 E Mission Lane #205 Scottsdale, AZ 3
- 1 beds 1 baths ∙ 814 Sqft ∙ Built 1983 1 beds 1 baths ∙ 814 Sqft ∙ Built 1983
LEASED 06/17/20- Rent
- Rent Per SQFT
- $1,200
- $1.47
-
9377 E Purdue Avenue #185 Scottsdale, AZ 4
- 1 beds 1 baths ∙ 857 Sqft ∙ Built 1990 1 beds 1 baths ∙ 857 Sqft ∙ Built 1990
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,200
- $1.40
-
9340 N 92nd Street #116 Scottsdale, AZ 5
- 1 beds 1 baths ∙ 814 Sqft ∙ Built 1983 1 beds 1 baths ∙ 814 Sqft ∙ Built 1983
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,250
- $1.54
PROPERTY LISTING DETAILS
Homie
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163209
Last Updated: 11/20/2020
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.
