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7322 E Vista Bonita Drive Scottsdale, AZ 85255

3 Beds 3 Baths 2,378 sqft Built 2018

$639,900

List Price

$3,550

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $269.09
  • 2 Days on Market
  • MLS # : 6179189
  • Updated Date : 01/09/2021 at 22:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,378 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Simply Stunning! This Luxury Townhome exudes elegance with its highly desired finishes and designer touches. Adorned with Designer light fixtures, Stunning Porcelain tile floors, and a cool color palette throughout. Create a Culinary Delight in this Contemporary kitchen, featuring sleek Quartz counters, huge Island w/waterfall edge, fabulous marble tile back splash, stainless steel appliances, wine chiller, & Beautiful Shaker style Cabinetry w/lighting. 3 bedrooms, 2.5 bath, plus a cozy loft. Bedroom Suite shows elegant wall treatments, Spa-like bathroom, separate shower w/ glass surround, soaking tub & dual sinks with Quartz counters. Tankless Hot water heater. Open wide the huge, Multi-sliding doors to the North facing, marble tile Patio, and custom designed waterfall. Fabulous!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k549k

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

Neighborhood: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453434

* 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
 

$575,910$703,890$639,900

PURCHASE PRICE

$3,195$3,905$3,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,550
EXPENSES Loan Payment -$2,223
Property Tax -$476
Property Insurance -$74
HOA -$189
Property Management Fees -$99
CASH FLOW
$490

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.

$639,900

PROJECTED PRICE

$3,550

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,324

INVESTMENT

$175,324

Down Payment
$159,975
Rehab Estimate
$5,750
Closing Costs
$9,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,223

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,975
Loan Amount $479,925
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$81,284

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,550

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $3,537

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3003$3,5504$3,7505$3,800
$3,800
RENT COMPS ANALYSIS
  • 7322 E Vista Bonita Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.49
    •  
  • 7354 E Casitas Del Rio Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,377 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,377 Sqft ∙ Built 2019
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.35
    •  
  • 7351 E Casitas Del Rio Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 2019
    property image
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.40
    •  
  • 7325 E Casitas Del Rio Drive Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 2018
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.59
    •  
  • 7337 E Vista Bonita Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 2018
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.61
    •  
PROPERTY LISTING DETAILS
Lynn Cervantes
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179189
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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