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4910 E Corrine Drive 
Scottsdale, AZ
85254
3 Beds 2 Baths 1,456 sqft
Built 1976
INVESTimate
$450,000
List Price
$125,000
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PROPERTY INFO
FACTS
- Built In 1976
- Price/Sqft : $309.07
- 2 Days on Market
- MLS # : 6121428
- Updated Date : 08/25/2020 at 02:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,456 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
CHECK OUT THIS BEAUTY IN A GREAT LOCATION. REMODELED INTERIOR & EXTERIOR. MODERNIZED & OPEN FLOOR PLAN. A NON-PET, NON-SMOKING HOME. GIANT CUL-DE-SAC LOT, WITH ROOM TO EXPAND IF DESIRED. THE POOL IS ALMOST BRAND NEW (NOT JUST REMODELED). THE ROOF, WINDOWS, LANDSCAPING, HVAC ALL NEW IN 2013-14. PROFESSIONAL PHOTOS WILL BE IN MLS ON TUESDAY.
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$337 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$312
|
||
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.
$450,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.48% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
2.17
YEARS SAVED
$7,595
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$1.26
LIST RENT PER SQFT
-
$1,842
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
-
4910 E Corrine Drive Scottsdale, 3
- 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1976
![property image]()
- Rent
- Rent Per SQFT
- $1,840
- $1.26
-
4449 E Willow Avenue Phoenix, 1
- 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1978
![property image]()
LEASED 12/09/19- Rent
- Rent Per SQFT
- $1,750
- $1.17
-
13243 N 47th Place Phoenix, 2
- 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1980
![property image]()
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,750
- $1.18
-
4910 E Bloomfield Road Scottsdale, 4
- 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1976
![property image]()
LEASED 09/24/19- Rent
- Rent Per SQFT
- $1,995
- $1.37
-
12624 N 49th Way Scottsdale, 5
- 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 1976
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,150
- $1.34
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121428
Last Updated: 08/25/2020
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.
