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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $316.46
- 2 Days on Market
- MLS # : 6203401
- Updated Date : 03/06/2021 at 06:05
CONSTRUCTION
- Beds : 2
- Floor Size : 1,185 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Don't miss out on this MOVE-IN ready, Impeccably maintained single level home in sought after Trails at Scottsdale community in Scottsdale. This charming 2 BR, 2BA w/ 2-car garage home is nestled on a quiet cul-de-sac street w/ plenty of privacy. Home boasts light and bright Kitchen w/ ample cabinet space, Quartz counter, beautiful Tile Backsplash, Island & SS Appliances. Fabulous layout where Eat-in Kitchen opens to LV/Great Room. Spacious Master Bedroom w/ en-suite Master Bath & walk-in closet. Huge backyard is an entertainer's delight complete w/ covered patio, fire pit patio area, built-in bar, storage shed, & plenty of space for a pool. THIS HOME WILL NOT last! Close to 101/202, Scottsdale Greenbelt, Old Town & Tempe Market Place.
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PRICE & RENT TRENDS
Neighborhood: Trails at Scottsdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Trails at Scottsdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$175 | |
| Property Insurance | -$50 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$66
|
||
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.
$375,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 8.4% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
6.42
YEARS SAVED
$28,104
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$1.43
LIST RENT PER SQFT
-
$1,689
COMP ESTIMATED VALUE -
$1.42
COMP AVG. RENT PER SQFT
Comps Range
-
947 N 87th Way Scottsdale, AZ 4
- 2 beds 2 baths ∙ 1,185 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,185 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $1,700
- $1.43
-
1048 N 85th Place Scottsdale, AZ 1
- 2 beds 1 baths ∙ 936 Sqft ∙ Built 1972 2 beds 1 baths ∙ 936 Sqft ∙ Built 1972
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,300
- $1.39
-
1255 N Granite Reef Road Scottsdale, AZ 2
- 2 beds 2 baths ∙ 1,010 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,010 Sqft ∙ Built 1981
LEASED 09/19/20- Rent
- Rent Per SQFT
- $1,395
- $1.38
-
985 N Granite Reef Road #163 Scottsdale, AZ 3
- 2 beds 3 baths ∙ 1,145 Sqft ∙ Built 1985 2 beds 3 baths ∙ 1,145 Sqft ∙ Built 1985
LEASED 08/17/20- Rent
- Rent Per SQFT
- $1,600
- $1.40
-
812 N 86th Place Scottsdale, AZ 5
- 2 beds 2 baths ∙ 1,209 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,209 Sqft ∙ Built 1978
LEASED 10/18/20- Rent
- Rent Per SQFT
- $1,850
- $1.53
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203401
Last Updated: 03/06/2021
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.
