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7225 E Black Rock Road Scottsdale, AZ 85255

3 Beds 2 Baths 1,685 sqft Built 1993

$485,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $287.83
  • 6 Days on Market
  • MLS # : 6153488
  • Updated Date : 11/02/2020 at 07:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,685 sqft
  • Baths : 2 full
Listing Agent

Walt Danley Christie's International Real Estate

Listing Agent's Description

An inviting and updated home located in the desirable north Scottsdale gated community of Los Protons. This is a rare find with a bright open floor plan, vaulted ceilings, bay window accents, planation shutters and cozy fireplace. Kitchen features a SS sink and granite counters, the master bath recently remodeled with quartz counter tops, sinks, plumbing fixtures, lighting, tiled shower and soaking tub. Private serene backyard patio nestled in lush mature, shady, desert landscaping with plenty of room for a pool. .Amazing location and convenient to both shopping and restaurants.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Los Portones

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Los Portones

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Pinnacle Peak Elementary School Primary Regular 610 31 9
Pinnacle Peak Elementary School Middle Regular 610 31 9
Pinnacle High School High Regular 2,443 96 8

Pinnacle Peak Elementary School

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 31
9
GreatSchools Rating

Pinnacle Peak Elementary School

  • Education Level: Middle
  • # of students: 610
  • # of teachers: 31
9
GreatSchools Rating

Pinnacle High School

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

$436,500$533,500$485,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,789
Property Tax -$335
Property Insurance -$60
HOA -$8
Property Management Fees -$99
CASH FLOW
$129

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.

$485,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$46,816

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.44

    LIST RENT PER SQFT
  • $2,414

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1503$2,4204$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 7225 E Black Rock Road Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.44
    •  
  • 7393 E Hanover Way Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1994
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.21
    •  
  • 23770 N 75th Street Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1998
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.38
    •  
  • 7372 E Adele Court Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1993
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.51
    •  
  • 7249 E Softwind Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1993
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.63
    •  
PROPERTY LISTING DETAILS
Mike Domer
Walt Danley Christie's International Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153488
Last Updated: 11/02/2020
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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