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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $263.29
- 2 Days on Market
- MLS # : 6168356
- Updated Date : 12/19/2020 at 19:54
CONSTRUCTION
- Beds : 5
- Floor Size : 4,140 sqft
- Baths : 4 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Fabulous opportunity to live in a Gated Community with Gorgeous Views! Enter through the Gated Courtyard. Inviting floor plan with plenty of space to entertain. Private casita for your guests. Bright w/plenty of windows to enjoy the views of Desert Mountain to the North and Brown Mtn to the South. Kitchen offers Viking 6 burner cooktop. Master has two lrg walk in closets. Bedrooms both downstairs and upstairs. 3 cozy fireplaces. Freshly painted both inside and outside. Arched 8 ft. doorways throughout. 5-1 Surround Sound Sys. All HVAC (3) just 2 years old. Resort like backyard with heated pool, (I-Aqua SMART remote control) fire pit and built-in BBQ. Serene and Spacious, this home has a great flow and a welcoming feel. You'll never want to leave!
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PRICE & RENT TRENDS
Neighborhood: Sierra Norte
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sierra Norte
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $5,760 |
| EXPENSES | Loan Payment | -$4,022 |
| Property Tax | -$509 | |
| Property Insurance | -$108 | |
| HOA | -$40 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$983
|
||
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.
$1,090,000
PROJECTED PRICE
$5,760
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.2% |
| 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
$294,600
LOAN DETAILS
$4,022
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $272,500 |
| Loan Amount | $817,500 |
10.42
YEARS SAVED
$197,359
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$5,760
LIST RENT -
$1.39
LIST RENT PER SQFT
-
$4,871
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
9742 E Jagged Peak Road Scottsdale, AZ 4
- 5 beds 5 baths ∙ 4,140 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,140 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $5,760
- $1.39
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37428 N 97th Way Scottsdale, AZ 1
- 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2006
LEASED 11/01/19- Rent
- Rent Per SQFT
- $4,200
- $1.05
-
9910 E Allison Way Scottsdale, AZ 2
- 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2008 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2008
LEASED 08/01/20- Rent
- Rent Per SQFT
- $4,700
- $1.17
-
10225 E Joy Ranch Road #385 Scottsdale, AZ 3
- 5 beds 5 baths ∙ 4,000 Sqft ∙ Built 1988 5 beds 5 baths ∙ 4,000 Sqft ∙ Built 1988
LEASED 10/08/20- Rent
- Rent Per SQFT
- $5,250
- $1.31
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168356
Last Updated: 12/19/2020
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.
