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7011 E Presidio Road Scottsdale, AZ 85254

4 Beds 4 Baths 3,918 sqft Built 1984

$1,600,000

List Price

$5,580

$5.3K - $5.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $408.37
  • 5 Days on Market
  • MLS # : 6196939
  • Updated Date : 02/26/2021 at 15:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,918 sqft
  • Baths : 4 full
Listing Agent

Racquet Club Realty

Listing Agent's Description

Wouldn't you like to live just minutes from downtown Scottsdale, Westworld, and Kierland? All are prime local communities that offer a multitude of dining and shopping experiences in Arizona.A lovely appointed Ranchero style home situated on .543 of an acre with no HOA. Positioned near end of a cul-de-sac (no through traffic here).This home offers a bonus RV gate and additional parking, residing in the preferred zip code 85254 within the Scottsdale mailing zone. Phoenix taxes and utility zoned, and Paradise Valley Schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Monte Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k683k

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

Neighborhood: Rancho Monte Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453912

* 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
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8
Desert Shadows Middle School Middle Unknown NA

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

Desert Shadows Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$1,440,000$1,760,000$1,600,000

PURCHASE PRICE

$5,022$6,138$5,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,580
EXPENSES Loan Payment -$5,557
Property Tax -$1,197
Property Insurance -$104
Property Management Fees -$99
CASH FLOW
-$1,377

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.

$1,600,000

PROJECTED PRICE

$5,580

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$429,750

INVESTMENT

$429,750

Down Payment
$400,000
Rehab Estimate
$5,750
Closing Costs
$24,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,557

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $400,000
Loan Amount $1,200,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$8,995

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
  • $5,603

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,0003$5,1004$6,000
$6,000
RENT COMPS ANALYSIS
  • 7011 E Presidio Road Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 3,918 Sqft ∙ Built 1984 4 beds 4 baths ∙ 3,918 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6423 E Monte Cristo Avenue Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,599 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,599 Sqft ∙ Built 1997
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.39
    •  
  • 5747 E Gelding Drive Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,746 Sqft ∙ Built 1990 5 beds 3 baths ∙ 3,746 Sqft ∙ Built 1990
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,100
    • $1.36
    •  
  • 8396 E Sunnyside Drive Scottsdale, AZ 4
    • 5 beds 5 baths ∙ 3,900 Sqft ∙ Built 1993 5 beds 5 baths ∙ 3,900 Sqft ∙ Built 1993
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.54
    •  
PROPERTY LISTING DETAILS
Leslie Halstedt
Racquet Club Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196939
Last Updated: 02/26/2021
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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