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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $485.11
- 4 Days on Market
- MLS # : 6177918
- Updated Date : 01/07/2021 at 16:52
CONSTRUCTION
- Beds : 4
- Floor Size : 2,989 sqft
- Baths : 4 full
Listing Agent
Launch Real Estate
Listing Agent's Description
PREPARE TO BECOME THE SUBJECT OF HOUSE ENVY!!! ALLOW ME TO SET THE SCENE....Enter through the tall custom cast iron door into a double volume entrance with awe inspiring Restoration Hardware Chandeliers & Solid Wood-Beam detail; you are immediately transported to an Italian Villa - ''CIAO BELLA''! You won't believe you're in the heart of Scottsdale! Scottsdale's Premier Luxury brand 'MwM' has created 'THE SCOTTSDALE VILLA''.....THIS HOME IS A ONCE-IN-A-LIFETIME STATEMENT FOR THE PRIVILEGED FEW!! The vision in design by 'MwM' was to allow light & air to flow through the home which was masterfully created by designing grand vaulted ceilings, skylights & stackable glass doors throughout. The remarkable layout comprises of 4 bedrooms (3 Bedroom en-Suites, each with their own custom
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PRICE & RENT TRENDS
Neighborhood: Scottsdale Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Scottsdale Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,080 |
| EXPENSES | Loan Payment | -$5,036 |
| Property Tax | -$678 | |
| Property Insurance | -$85 | |
| HOA | -$3 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,822
|
||
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.
$1,450,000
PROJECTED PRICE
$4,080
PROJECTED RENT
0.28%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.0% |
| 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
$390,000
LOAN DETAILS
$5,036
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $362,500 |
| Loan Amount | $1,087,500 |
0.25
YEARS SAVED
$644
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,080
LIST RENT -
$1.37
LIST RENT PER SQFT
-
$4,446
COMP ESTIMATED VALUE -
$1.49
COMP AVG. RENT PER SQFT
Comps Range
-
9675 E Cinnabar Avenue Scottsdale, AZ 2
- 4 beds 4 baths ∙ 2,989 Sqft ∙ Built 1985 4 beds 4 baths ∙ 2,989 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $4,080
- $1.37
-
9816 E Cinnabar Avenue Scottsdale, AZ 1
- 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985
LEASED 09/11/20- Rent
- Rent Per SQFT
- $3,800
- $1.43
-
10420 N 101st Place Scottsdale, AZ 3
- 3 beds 3 baths ∙ 3,036 Sqft ∙ Built 1989 3 beds 3 baths ∙ 3,036 Sqft ∙ Built 1989
LEASED 09/01/20- Rent
- Rent Per SQFT
- $4,090
- $1.35
-
10401 N 100th Street #5 Scottsdale, AZ 4
- 3 beds 3 baths ∙ 2,965 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,965 Sqft ∙ Built 1986
LEASED 04/01/20- Rent
- Rent Per SQFT
- $4,800
- $1.62
-
9505 E Jenan Drive Scottsdale, AZ 5
- 3 beds 3 baths ∙ 3,088 Sqft ∙ Built 1984 3 beds 3 baths ∙ 3,088 Sqft ∙ Built 1984
LEASED 08/01/20- Rent
- Rent Per SQFT
- $4,800
- $1.55
PROPERTY LISTING DETAILS
Launch Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177918
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
