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7288 E Alta Sierra Drive Scottsdale, AZ 85266

4 Beds 4 Baths 3,567 sqft Built 2004

$1,125,000

List Price

$4,460

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $315.39
  • 3 Days on Market
  • MLS # : 6180864
  • Updated Date : 01/23/2021 at 19:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,567 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Excalibur

Listing Agent's Description

Fantastic North Scottsdale home in private gated community of Trovia. This home features an open floor plan with 12ft ceilings and a beautiful resort style backyard, ideal for entertaining. The outdoor living features a built-in cooking island, pebble-tech infinity edge pool and spa, large covered portal and backs to open space. The home features generous sized rooms, 4-bedrooms plus a Den/Office, formal living and dining areas. The great room features stone veneer gas fireplace and built-in entertainment center, tons of kitchen storage and granite counters with overhang for barstool seating and breakfast area/eat-in dining. Additional bedrooms are split from the master and feature shared en-suite bathroom and are ample in size. This home also has separated oversized single bay garage, ide

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trovia

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $122k1163k

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

Neighborhood: Trovia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000450050005500Rent in $10455807

* 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
 

$1,012,500$1,237,500$1,125,000

PURCHASE PRICE

$4,014$4,906$4,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,460
EXPENSES Loan Payment -$3,908
Property Tax -$525
Property Insurance -$97
HOA -$28
Property Management Fees -$99
CASH FLOW
-$196

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.

$1,125,000

PROJECTED PRICE

$4,460

PROJECTED RENT

0.40%

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$303,875

INVESTMENT

$303,875

Down Payment
$281,250
Rehab Estimate
$5,750
Closing Costs
$16,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$3,908

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $281,250
Loan Amount $843,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$50,629

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,460

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $3,603

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,5003$4,460
$4,460
RENT COMPS ANALYSIS
  • 7288 E Alta Sierra Drive Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 3,567 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,567 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $4,460
    • $1.25
    •  
  • 29771 N 67th Street Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 3,524 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,524 Sqft ∙ Built 1997
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.96
    •  
  • 6772 E Duane Lane Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,312 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,312 Sqft ∙ Built 1996
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Edward Grabowski
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180864
Last Updated: 01/23/2021
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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