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7009 E Acoma Drive #2083 Scottsdale, AZ 85254

2 Beds 2 Baths 1,098 sqft Built 1994

$309,999

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $282.33
  • 8 Days on Market
  • MLS # : 6160904
  • Updated Date : 11/18/2020 at 14:38
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,098 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

HURRY COME AND SEE! Are you looking for the opportunity to live in a quite gatedprivate community? This is a beautiful , well maintain 2 BR 2 Bathroom condo. Convinientlylocated by the Kierland shopping district and exclusive Scottsdale dining. This condo is in the epicenter of Scottsdale, easy access to Scottsdale ariport, shopping, the 101 / 51 HWYScommute is easy. This community keeps developing, better hurry before its gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Plaza Residences

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $115k465k

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

Neighborhood: Plaza Residences

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Sandpiper Elementary School Primary Regular 479 28 7
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Sandpiper Elementary School

  • Education Level: Primary
  • # of students: 479
  • # of teachers: 28
7
GreatSchools Rating

Desert Shadows Middle School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 34
9
GreatSchools Rating

Horizon High School

  • Education Level: High
  • # of students: 2,262
  • # of teachers: 86
8
GreatSchools Rating
 

$278,999$340,999$309,999

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,144
Property Tax -$232
Property Insurance -$49
HOA -$336
Property Management Fees -$99
CASH FLOW
-$69

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.

$309,999

PROJECTED PRICE

$1,790

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,499
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$11,035

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
  • $1,787

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5994$1,6005$1,625
$1,625
RENT COMPS ANALYSIS
  • 7009 E Acoma Drive #2083 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,098 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,098 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7009 E Acoma Drive #2084 Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 972 Sqft ∙ Built 1994 2 beds 2 baths ∙ 972 Sqft ∙ Built 1994
    property image
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.54
    •  
  • 7009 E Acoma Drive #2107 Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 972 Sqft ∙ Built 1994 2 beds 2 baths ∙ 972 Sqft ∙ Built 1994
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.65
    •  
  • 7009 E Acoma Drive #1174 Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 972 Sqft ∙ Built 1994 2 beds 2 baths ∙ 972 Sqft ∙ Built 1994
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.65
    •  
  • 7009 E Acoma Drive #2174 Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 972 Sqft ∙ Built 1994 2 beds 2 baths ∙ 972 Sqft ∙ Built 1994
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.67
    •  
PROPERTY LISTING DETAILS
Mabel A Navarro
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160904
Last Updated: 11/18/2020
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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