Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7099 E Mighty Saguaro Way Scottsdale, AZ 85266

3 Beds 2 Baths 1,975 sqft Built 1995

INVESTimate

$625,000

List Price

$2,380

$2,142 - $2,618

Rent Est.

$648,688  ( +3.79%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $316.46
  • 6 Days on Market
  • MLS # : 6120746
  • Updated Date : 08/22/2020 at 10:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,975 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Enter this desirable Greatroom Model located in the quietest Corner of Terravita on an oversized Lot and feel immediately at Home. Enjoy the cozy Fireplace in the family room, cook a Gourmet Dinner in the highly upgraded Kitchen or watch the starry Nights from your Sunset Patio that backs up to a natural Wash. Your upgraded Master Suite with Access to the Patio includes a stunning Bathroom with double Sinks, soaking Tub and walk-in Shower. Plenty of Storage in the walk-in closet and added Linen Closet. This meticulously maintained Home has Granite Countertops in the Kitchen with a Farmer's Sink, Granite Tops in the Laundry Room, new Flooring throughout the House and many Upgrades. Come and see for yourself, you will not be disappointed. Terravita Amenities include an 18 Hole Golf Course,

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
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$2,306
Property Tax -$301
Property Insurance -$66
HOA -$319
Property Management Fees -$99
CASH FLOW
-$711

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.

$625,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.79%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,044

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,474

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,3803$2,4004$2,4955$2,675
$2,675
RENT COMPS ANALYSIS
  • 7099 E Mighty Saguaro Way Scottsdale, 2
    • 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.21
    •  
  • 7268 E Eclipse Drive Scottsdale, 1
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2006
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.18
    •  
  • 6962 E Hibiscus Way Scottsdale, 3
    • 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 1995
    property image
    LEASED 03/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.26
    •  
  • 7337 E Russet Sky Drive Scottsdale, 4
    • 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2000
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.21
    •  
  • 7475 E Quien Sabe Way Scottsdale, 5
    • 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1999
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $1.36
    •  
PROPERTY LISTING DETAILS
Beate Darius
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120746
Last Updated: 08/22/2020
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.

BESbswy