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7007 E Stone Raven Trail Scottsdale, AZ 85266

2 Beds 2 Baths 1,670 sqft Built 1996

$550,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $329.34
  • 4 Days on Market
  • MLS # : 6178200
  • Updated Date : 01/07/2021 at 22:46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,670 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Move-in ready! Popular 2BR + Den open floor plan featuring a N/S cul de sac location surrounded by open space. Neutral decor, sparkling clean with new interior paint and wood-look flooring. Granite countertops in kitchen with pass through breakfast bar to living/dining. Stainless steel appliances and gas range. Breakfast nook with a built in buffet. A light, bright spacious great room features high ceilings and plantation shutters. Privacy prevails in this tranquil location surrounded by NAOS. Low maintenance desert landscaping with expansive brick paver patio. Gas stub for BBQ. Terrific location near Clubhouse. Guard gated with all the amenities that make it a desirable resort like community; including, golf, fitness, dining, tennis, pickle ball, swimming pool and more. A must see!

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
 

$495,000$605,000$550,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,910
Property Tax -$257
Property Insurance -$60
HOA -$339
Property Management Fees -$99
CASH FLOW
-$445

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.

$550,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,317

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $2,217

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2203$2,3504$2,3955$2,600
$2,600
RENT COMPS ANALYSIS
  • 7007 E Stone Raven Trail Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,670 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,670 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.33
    •  
  • 7116 E Bramble Berry Lane Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,670 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,670 Sqft ∙ Built 1995
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.20
    •  
  • 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
    •  
  • 6559 E Night Glow Circle Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,974 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,974 Sqft ∙ Built 1995
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.32
    •  
PROPERTY LISTING DETAILS
Jenny Leahy
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178200
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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