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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $270.27
- 2 Days on Market
- MLS # : 6160533
- Updated Date : 11/14/2020 at 00:35
CONSTRUCTION
- Beds : 3
- Floor Size : 3,663 sqft
- Baths : 2 full , 1 half
Listing Agent
Jason Mitchell Real Estate
Listing Agent's Description
Nestled conveniently between Scottsdale and Cave Creek, just minutes away from Four Seasons, this resort-style home is immaculate and extremely well maintained. Located in the acclaimed Monument at Troon North community is the expanded plan of the popular Torreon Model by Edmonds Toll. Light and Bright, this home boasts maximum space with maximum privacy, backing up to wash with stunning Sonoran views. Large kitchen, brand new $4k fridge, new pool pump, irrigation and trees. The open floor plan even includes a nice open library with built-in book shelf. Extra room can be used as home gym. The resort-style backyard makes it so you' never want to leave and overall, just a really wonderful gated community far enough away from it all, but close enough to DC Ranch, Kierland, SC Quarter!
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PRICE & RENT TRENDS
Neighborhood: Fairways at Troon North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fairways at Troon North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,810 |
| EXPENSES | Loan Payment | -$3,653 |
| Property Tax | -$462 | |
| Property Insurance | -$99 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$480
|
||
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.
$990,000
PROJECTED PRICE
$4,810
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 2.2% |
| 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
$268,100
LOAN DETAILS
$3,653
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $247,500 |
| Loan Amount | $742,500 |
8
YEARS SAVED
$122,240
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
-
$5,687
COMP ESTIMATED VALUE -
$1.55
COMP AVG. RENT PER SQFT
Comps Range
-
9615 E Peak View Road Scottsdale, AZ 1
- 3 beds 3 baths ∙ 3,663 Sqft ∙ Built 2001 3 beds 3 baths ∙ 3,663 Sqft ∙ Built 2001
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- Rent
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- $0
- $0.00
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9731 E Hidden Green Drive Scottsdale, AZ 2
- 4 beds 4 baths ∙ 3,436 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,436 Sqft ∙ Built 1997
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LEASED 02/15/20- Rent
- Rent Per SQFT
- $4,750
- $1.38
-
9897 E Quarry Trail Scottsdale, AZ 3
- 4 beds 4 baths ∙ 3,831 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,831 Sqft ∙ Built 1999
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LEASED 08/15/19- Rent
- Rent Per SQFT
- $5,250
- $1.37
-
25975 N 89th Street Scottsdale, AZ 4
- 3 beds 4 baths ∙ 3,804 Sqft ∙ Built 2010 3 beds 4 baths ∙ 3,804 Sqft ∙ Built 2010
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LEASED 07/31/20- Rent
- Rent Per SQFT
- $6,000
- $1.58
-
9792 E Monument Drive Scottsdale, AZ 5
- 3 beds 4 baths ∙ 3,717 Sqft ∙ Built 1997 3 beds 4 baths ∙ 3,717 Sqft ∙ Built 1997
![property image]()
LEASED 05/27/20- Rent
- Rent Per SQFT
- $7,000
- $1.88
PROPERTY LISTING DETAILS
Jason Mitchell Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160533
Last Updated: 11/14/2020
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.
