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7100 E Rancho Del Oro Drive E Scottsdale, AZ 85266

4 Beds 5 Baths 4,440 sqft Built 2021

$1,550,000

List Price

$4,390

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $349.10
  • 50 Days on Market
  • MLS # : 6163730
  • Updated Date : 12/18/2020 at 14:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,440 sqft
  • Baths : 4 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Modern ranch to be built by Bella Legacy Custom Homes. Exceptional design, construction and finish, see upscale standard features in the documents tab. Customize to taste, select the desired elevation! Complete outdoor plan offered. Nestled into a cul-de-sac with up-close unobstructed views of Lone Mountain, the rolling high Sonoran desert, and distant McDowell Mountains. Build your dream desert dwelling on this prime Arizona retreat location. Conveniently located near walkable shopping, AJ's, restaurants, dedicated hiking and biking trails, preserve acres, and just a 30 minute drive to Bartlett Lake. Crimson and golden sunsets, evening stargazing, and the higher elevation, which enjoys 6-8 degrees cooler temperatures than Phoenix, are only a few of the advantages of this beautiful site.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Boulders

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k717k

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

Neighborhood: Boulders

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453924

* 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
Lone Mountain Elementary School Primary Regular 589 31 9
Lone Mountain Elementary School Middle Regular 589 31 9
Cactus Shadows High School High Regular 1,704 70 8

Lone Mountain Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 31
9
GreatSchools Rating

Lone Mountain Elementary School

  • Education Level: Middle
  • # of students: 589
  • # of teachers: 31
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$1,395,000$1,705,000$1,550,000

PURCHASE PRICE

$3,951$4,829$4,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,390
EXPENSES Loan Payment -$5,384
Property Tax -$724
Property Insurance -$114
Property Management Fees -$99
CASH FLOW
-$1,930

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$1,550,000

PROJECTED PRICE

$4,390

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$412,750

INVESTMENT

$412,750

Down Payment
$387,500
Rehab Estimate
$2,000
Closing Costs
$23,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,384

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $387,500
Loan Amount $1,162,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$738

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
  • $6,371

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,5003$6,750
$6,750
RENT COMPS ANALYSIS
  • 7100 E Rancho Del Oro Drive E Scottsdale, AZ 1
    • 4 beds 5 baths ∙ 4,440 Sqft ∙ Built 2021 4 beds 5 baths ∙ 4,440 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7214 E Alta Sierra Drive Scottsdale, AZ 2
    • 5 beds 5 baths ∙ 4,276 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,276 Sqft ∙ Built 2003
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.29
    •  
  • 29914 N 72nd Place Scottsdale, AZ 3
    • 5 beds 4 baths ∙ 4,276 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,276 Sqft ∙ Built 2004
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,750
    • $1.58
    •  
PROPERTY LISTING DETAILS
Laura S Joyner
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163730
Last Updated: 12/18/2020
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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