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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $287.48
- 4 Days on Market
- MLS # : 6182754
- Updated Date : 01/21/2021 at 16:28
CONSTRUCTION
- Beds : 4
- Floor Size : 2,348 sqft
- Baths : 2 full , 1 half
Listing Agent
North & Co
Listing Agent's Description
This completely remodeled 2-story beauty located in the highly desirable Desert Shadows neighborhood must be seen to be appreciated! 4 bed/2.5ba, 2,348sf & outdoor oasis complete w/ a sparkling pebble tec heated pool & privacy trees perfect for relaxing or entertaining. The living area is open & spacious w/ plenty of light. Take note of the wonderful quartz countertops in the kitchen, large center island & amazing storage space. Large master suite w/ an enormous walk-in shower is the perfect luxury to retreat to each night. Among the new upgrades w/in the past 3yrs are countertops, tile floors, paint inside & out, roof, NEW A/C, W/H, attic insulation, artificial turf, baseboards, fixtures, faucets & much, much more! Property rented through 5/31/21, perfect opportunity for instant income!..
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PRICE & RENT TRENDS
Neighborhood: Desert Shadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Shadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,640 |
| EXPENSES | Loan Payment | -$2,345 |
| Property Tax | -$316 | |
| Property Insurance | -$73 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$207
|
||
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.
$675,000
PROJECTED PRICE
$2,640
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$184,625
LOAN DETAILS
$2,345
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $168,750 |
| Loan Amount | $506,250 |
3.75
YEARS SAVED
$23,816
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,640
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$2,624
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
9341 E Pershing Avenue Scottsdale, AZ 2
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- Rent
- Rent Per SQFT
- $2,640
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9175 E Camino Del Santo Road Scottsdale, AZ 1
- 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 1992
LEASED 07/13/20- Rent
- Rent Per SQFT
- $2,450
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9220 E Dreyfus Place Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1993
LEASED 02/07/20- Rent
- Rent Per SQFT
- $2,650
- $1.13
-
9045 E Aster Drive Scottsdale, AZ 4
- 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 1988
LEASED 06/13/20- Rent
- Rent Per SQFT
- $2,666
- $1.07
-
9548 E Desert Trail Scottsdale, AZ 5
- 3 beds 3 baths ∙ 2,328 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,328 Sqft ∙ Built 1987
LEASED 11/09/20- Rent
- Rent Per SQFT
- $2,750
- $1.18
PROPERTY LISTING DETAILS
North & Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182754
Last Updated: 01/21/2021
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.
