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6471 E Shooting Star Way Scottsdale, AZ 85266

2 Beds 2 Baths 1,603 sqft Built 1995

$695,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $433.56
  • 6 Days on Market
  • MLS # : 6182673
  • Updated Date : 01/22/2021 at 20:01
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,603 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Akin to walking into a zen spa retreat, not a detail has been overlooked in this sleek and modern Terravita home. Bright & clean white palette throughout and zero interior steps. Generous private patio courtyard with blooming yellow bell vines. Living spaces are sleek & lustrous with clean lines. Sophisticated kitchen offers Wolf induction cooktop, bright quartz countertops, custom cabinets. Floors are imported limestone and flow throughout the home. Master is spacious and bright - master bath offers delightful soaking tub. High end touches abound from the new windows to spray foam insulation added to ceiling and walls to promote energy efficiency. Quiet patio is shaded and private. This contemporary home is an unexpected delight.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terravita

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k579k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Terravita

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453383

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$625,500$764,500$695,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,414
Property Tax -$325
Property Insurance -$58
HOA -$339
Property Management Fees -$99
CASH FLOW
-$735

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.

$695,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,414

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,042

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,228

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,3504$2,3955$2,495
$2,495
RENT COMPS ANALYSIS
  • 6471 E Shooting Star Way Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7114 E Aloe Vera Drive Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,670 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,670 Sqft ∙ Built 1995
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.32
    •  
  • 7371 E Sunset Sky Circle Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,734 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,734 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.36
    •  
  • 6763 E Whispering Mesquite Trail Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,671 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,671 Sqft ∙ Built 1996
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.43
    •  
  • 32427 N 71st Way Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,723 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,723 Sqft ∙ Built 1995
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.45
    •  
PROPERTY LISTING DETAILS
Courtney Woods Olson
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182673
Last Updated: 01/22/2021
support@investimateroi.com

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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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