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7213 E Wingspan Way Scottsdale, AZ 85255

3 Beds 2 Baths 1,957 sqft Built 1998

$609,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $311.19
  • 3 Days on Market
  • MLS # : 6160365
  • Updated Date : 11/13/2020 at 16:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,957 sqft
  • Baths : 2 full
Listing Agent

North & Co

Listing Agent's Description

Here is an amazing opportunity to own a turn key single level home located in the highly desirable community of Grayhawk. As you walk towards the house you are greeted by mature desert plants and landscaping. This split floorpan home features 3 bedrooms, 2 baths, oversized great room/dining room with vaulted ceilings and large windows. With new paint throughout and brand new carpet installed in the all of the bedrooms, this house is ready for move in! The open kitchen has updated cabinets, granite counter tops/island and stainless steel appliances. Other features include a spacious master bedroom and large master bathroom, with dual vanity, walk in shower, soaking tub and large closet. Plenty of room for a family or guests, with spacious secondary bedrooms, and a dedicated office/den.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k549k

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

Neighborhood: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453434

* 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
Grayhawk Elementary School Primary Regular 597 32 10
Grayhawk Elementary School Middle Regular 597 32 10
Pinnacle High School High Regular 2,443 96 8

Grayhawk Elementary School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 32
10
GreatSchools Rating

Grayhawk Elementary School

  • Education Level: Middle
  • # of students: 597
  • # of teachers: 32
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$548,100$669,900$609,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$2,247
Property Tax -$453
Property Insurance -$65
HOA -$18
Property Management Fees -$99
CASH FLOW
-$273

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.

$609,000

PROJECTED PRICE

$2,610

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$167,135

INVESTMENT

$167,135

Down Payment
$152,250
Rehab Estimate
$5,750
Closing Costs
$9,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,247

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $152,250
Loan Amount $456,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$19,139

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
  • $2,725

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$2,7954$2,8005$2,895
$2,895
RENT COMPS ANALYSIS
  • 7213 E Wingspan Way Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7500 E Deer Valley Road #31 Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,823 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,823 Sqft ∙ Built 2000
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.31
    •  
  • 21570 N 72nd Way Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 1996
    property image
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.36
    •  
  • 21559 N 74th Way Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1996
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.49
    •  
  • 7222 E Fledgling Drive Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 1996
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.41
    •  
PROPERTY LISTING DETAILS
Michael Steck
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160365
Last Updated: 11/13/2020
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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