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7284 E Softwind Drive Scottsdale, AZ 85255

3 Beds 2 Baths 1,652 sqft Built 1993

$599,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $362.59
  • 3 Days on Market
  • MLS # : 6191872
  • Updated Date : 02/12/2021 at 21:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,652 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Fantastic opportunity for a primary residence in the gated community of Los Portones, which is located in Scottsdale 85255. This ''COMPLETELY'' renovated modern home is within walking distance to fine shops and restaurants. The home offers clean lines, plank wood flooring and is upgraded for your most selective buyer. The kitchen features soft close custom 42'' inch white cabinetry with under-cabinet lighting, new stainless steel appliances, modern glass tile backsplash, quartz countertops, walk-in pantry, and island with breakfast bar and overhead lighting throughout. Large sliders lead to a private North facing full-length covered patio, extended patio and low-maintenance backyard with mature desert landscaping. The master bedroom has a bay window & private bath with dual sink vanity,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Premiere at Pinnacle Peak West

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Premiere at Pinnacle Peak West

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
Mountain Trail Middle School Middle Regular 714 29 7
Pinnacle High School High Regular 2,443 96 8

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

Pinnacle High School

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

$539,100$658,900$599,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$2,081
Property Tax -$446
Property Insurance -$59
HOA -$3
Property Management Fees -$99
CASH FLOW
-$238

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.

$599,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.41%

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-$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$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$16,217

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $2,445

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,4503$2,5004$2,5955$2,700
$2,700
RENT COMPS ANALYSIS
  • 7284 E Softwind Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.48
    •  
  • 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
    •  
  • 7372 E Adele Court Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1993
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.51
    •  
  • 7360 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 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.57
    •  
  • 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
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191872
Last Updated: 02/12/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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