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7256 E Visao Drive Scottsdale, AZ 85266

3 Beds 3 Baths 1,932 sqft Built 1997

$648,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $335.40
  • 3 Days on Market
  • MLS # : 6163349
  • Updated Date : 11/27/2020 at 17:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,932 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

A Million dollar home for about half the price! Upgrades throughout the entire home including Durango Travertine, Cifre Spanish porcelain tile, Hansgrohe fixtures and Cesar Stone Quartz countertops. New AC in 2020 and newer appliances including commercial grade washer and dryer, wall surfaces have special plastering and wall paper. Contemporary ceiling fans and high end carpet. High end lighting including a Moroccan glass kitchen pendant. Fantastic Black mountain views boasting a traditional AZ view you've been looking for. Gorgeous Durango Travertine in Master Bath which has a wheelchair accessible shower accompanied by a solid teak wood vanity & framed mirror. The entrance from the Master bedroom includes a shaded green area where wildlife are drawn to a 10 year effort in the private

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bellasera

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k677k

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

Neighborhood: Bellasera

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453833

* 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
 

$583,200$712,800$648,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,391
Property Tax -$303
Property Insurance -$65
HOA -$67
Property Management Fees -$99
CASH FLOW
-$434

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.

$648,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.1%
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-$10k-$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$177,470

INVESTMENT

$177,470

Down Payment
$162,000
Rehab Estimate
$5,750
Closing Costs
$9,720

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,391

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,000
Loan Amount $486,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$12,458

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $2,666

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4903$2,6754$3,300
$3,300
RENT COMPS ANALYSIS
  • 7256 E Visao Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.29
    •  
  • 7676 E Balao Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 2000
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.33
    •  
  • 7475 E Quien Sabe Way Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1999
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $1.36
    •  
  • 7280 E Mary Sharon Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,276 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,276 Sqft ∙ Built 1989
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.45
    •  
PROPERTY LISTING DETAILS
Savannah Gangsei
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163349
Last Updated: 11/27/2020
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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