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7014 E Monte Vista Road Scottsdale, AZ 85257

2 Beds 2 Baths 1,721 sqft Built 1958

$469,900

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $273.04
  • 2 Days on Market
  • MLS # : 6173217
  • Updated Date : 12/19/2020 at 14:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,721 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

A spacious, inviting front porch welcomes you to this beautiful home in the heart of the Papago Paradise subdivision w/ great curb appeal, gorgeous desert landscaping. Light, open living/family room w/ rich laminate flooring. Beautiful, spacious eat-in kitchen w/ gleaming stainless steel appliances, gas cooktop, rich espresso cabinets, huge pantry, granite tile counters, custom backsplash. HUGE primary bedroom suite w/ vaulted ceiling, wood plank tile floor, large walk in closet. Incredibly spacious primary bathroom with white subway tile, beautiful oversized shower. Backyard features large covered patio, storage shed, large side yards. Many upgrades such as custom wainscoting, new electrical panel, improved plumbing and electrical, newer roof, much more. Beautiful home, awesome location!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Papago Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $83k465k

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

Neighborhood: Papago Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $8622993

* 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
Tonalea K-8 School Primary Regular 341 26 3
Tonalea K-8 School Middle Regular 341 26 3
Coronado High School High Regular 1,039 61 2

Tonalea K-8 School

  • Education Level: Primary
  • # of students: 341
  • # of teachers: 26
3
GreatSchools Rating

Tonalea K-8 School

  • Education Level: Middle
  • # of students: 341
  • # of teachers: 26
3
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating
 

$422,910$516,890$469,900

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,734
Property Tax -$220
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
$197

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.

$469,900

PROJECTED PRICE

$2,310

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$0.0$5.0k$10k$15k$20k$25k

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$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$57,070

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
  • $2,070

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,7954$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 7014 E Monte Vista Road Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,721 Sqft ∙ Built 1958 2 beds 2 baths ∙ 1,721 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6853 E Osborn Road #f Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,424 Sqft ∙ Built 1965 2 beds 2 baths ∙ 1,424 Sqft ∙ Built 1965
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.02
    •  
  • 7831 E Vernon Avenue Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,371 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,371 Sqft ∙ Built 1972
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.31
    •  
  • 2833 N 61st Street Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,526 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,526 Sqft ∙ Built 1978
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.24
    •  
  • 6930 E 3rd Street Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,618 Sqft ∙ Built 1962 2 beds 2 baths ∙ 1,618 Sqft ∙ Built 1962
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.24
    •  
PROPERTY LISTING DETAILS
Max Shadle
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173217
Last Updated: 12/19/2020
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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