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7020 E Mighty Saguaro Way Scottsdale, AZ 85266

2 Beds 3 Baths 2,515 sqft Built 1995

$800,000

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $318.09
  • 3 Days on Market
  • MLS # : 6195650
  • Updated Date : 02/19/2021 at 02:31
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,515 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Northeast Realty

Listing Agent's Description

This Impeccably maintained custom Luna model is located on a whisper-quiet Private N/S lot that backs to a large natural area and has some mountain views. Buyers love the Luna model because the open floorplan has the kitchen combined with the family room, a large master Bed/Bath AND closet, an ENSUITE SECOND BEDROOM SPLIT AWAY FROM THE MASTER, a big 3rd bedroom or den, a powder room, and FULL 3 CAR GARAGE. This one has an ENLARGED MASTER CLOSET and custom master bath and powder room, 4 year old Lennox HVAC system that is amazingly quiet and efficient and you can control from your phone. This home was custom built with practical changes from the standard Luna model has been lovingly maintained by its original owners. Other updates and features include:

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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

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

Sonoran Trails Middle School

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

$720,000$880,000$800,000

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$2,779
Property Tax -$374
Property Insurance -$74
HOA -$339
Property Management Fees -$99
CASH FLOW
-$694

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.

$800,000

PROJECTED PRICE

$2,970

PROJECTED RENT

0.37%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,779

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $200,000
Loan Amount $600,000
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,129

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $2,487

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,9703$3,000
$3,000
RENT COMPS ANALYSIS
  • 7020 E Mighty Saguaro Way Scottsdale, AZ 2
    • 2 beds 3 baths ∙ 2,415 Sqft ∙ Built 1995 2 beds 3 baths ∙ 2,415 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $1.23
    •  
  • 35007 N Sunset Trail Cave Creek, AZ 1
    • 2 beds 2 baths ∙ 2,510 Sqft ∙ Built 1993 2 beds 2 baths ∙ 2,510 Sqft ∙ Built 1993
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.86
    •  
  • 6365 E Evening Glow Drive Scottsdale, AZ 3
    • 2 beds 3 baths ∙ 2,493 Sqft ∙ Built 1997 2 beds 3 baths ∙ 2,493 Sqft ∙ Built 1997
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.20
    •  
PROPERTY LISTING DETAILS
Scott Gaertner
Keller Williams Northeast Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195650
Last Updated: 02/19/2021
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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