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7298 E Brisa Drive Scottsdale, AZ 85266

3 Beds 4 Baths 2,826 sqft Built 2001

$830,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $293.70
  • 2 Days on Market
  • MLS # : 6198731
  • Updated Date : 02/27/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,826 sqft
  • Baths : 3 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Beauty in Bellasera! This home with casita sits on one of the largest lot in Bellasera, over 19,000 sq. ft. offering lots of privacy with a front interior patio and a back private patio featuring lovely Cantera Stone. The main home offers spacious living with a kitchen/family room area with gas fireplace and a separate spacious room for entertaining, with a walk-out to the back patio. Also in the main home is a generous master bedroom/bath suite, a 2nd bedroom and bath, a separate den/office, laundry room and a 3-car garage with built in cabinets and epoxy flooring. The separate guest casita has its own access and offers a private bedroom and bath for guests or multi-generational family members. The owner of this home has taken exceptional care of it and has meticulously

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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$747,000$913,000$830,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$2,883
Property Tax -$392
Property Insurance -$82
HOA -$67
Property Management Fees -$99
CASH FLOW
-$43

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.

$830,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.42%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$225,700

INVESTMENT

$225,700

Down Payment
$207,500
Rehab Estimate
$5,750
Closing Costs
$12,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,883

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $207,500
Loan Amount $622,500
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$44,866

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,480

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $3,144

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,2003$3,3004$3,4805$3,700
$3,700
RENT COMPS ANALYSIS
  • 7298 E Brisa Drive Scottsdale, AZ 4
    • 3 beds 4 baths ∙ 2,826 Sqft ∙ Built 2001 3 beds 4 baths ∙ 2,826 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,480
    • $1.23
    •  
  • 6593 E Evening Glow Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,751 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,751 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.05
    •  
  • 30396 N 72nd Place Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,174 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,174 Sqft ∙ Built 2005
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.01
    •  
  • 7558 E Visao Drive Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 2,719 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,719 Sqft ∙ Built 1999
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.21
    •  
  • 7890 E Las Piedras Way Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 3,133 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,133 Sqft ∙ Built 1998
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.18
    •  
PROPERTY LISTING DETAILS
Susan M Connor
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198731
Last Updated: 02/27/2021
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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