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PROPERTY INFO
FACTS
- Built In 1994
- Price/Sqft : $223.25
- 2 Days on Market
- MLS # : 6148949
- Updated Date : 11/01/2020 at 20:42
CONSTRUCTION
- Beds : 4
- Floor Size : 3,243 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
Exceptional spacious home in sought after Camelot Ranch. Large open floor plan features soaring ceilings, gourmet eat-in kitchen, several living, dining and entertaining areas. You will find a beautiful tropical retreat in the back yard with sparking pool, covered patio, built in propane BBQ and mister system. Huge master bedroom is on the first floor and three secondary bedrooms plus large loft on second floor. Master bathroom features luxury custom jetted soaking tub, walk in closet and separate bathroom vanities. Three car garage with additional storage.
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PRICE & RENT TRENDS
Neighborhood: Camelot Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Camelot Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,140 |
| EXPENSES | Loan Payment | -$2,671 |
| Property Tax | -$339 | |
| Property Insurance | -$90 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$79
|
||
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.
$724,000
PROJECTED PRICE
$3,140
PROJECTED RENT
0.43%
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
$197,610
LOAN DETAILS
$2,671
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $181,000 |
| Loan Amount | $543,000 |
4.92
YEARS SAVED
$43,176
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
-
$3,454
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
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9684 E Sharon Drive Scottsdale, AZ 1
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- 5 beds 3 baths ∙ 2,955 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,955 Sqft ∙ Built 1996
LEASED 08/22/19- Rent
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- $2,850
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9378 E Davenport Drive Scottsdale, AZ 3
- 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 1996
LEASED 06/16/20- Rent
- Rent Per SQFT
- $3,000
- $1.02
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10334 E Acoma Drive Scottsdale, AZ 4
- 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 1999
LEASED 11/15/19- Rent
- Rent Per SQFT
- $3,150
- $1.03
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9669 E Davenport Drive Scottsdale, AZ 5
- 5 beds 3 baths ∙ 3,206 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,206 Sqft ∙ Built 1994
LEASED 10/01/20- Rent
- Rent Per SQFT
- $4,000
- $1.25
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6148949
Last Updated: 11/01/2020
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.
