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7330 E Palo Verde Drive #14 Scottsdale, AZ 85250

2 Beds 2 Baths 2,631 sqft Built 1983

$775,000

List Price

$4,990

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $294.56
  • 2 Days on Market
  • MLS # : 6187722
  • Updated Date : 02/07/2021 at 02:35
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,631 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Fabulous location in an exclusive enclave of luxurious Geoffrey Edmunds built Spanish Colonial look townhomes. One of the best lots in the subdivision that backs to the community pool w/ its own private gate to the pool. Views of Camelback Mountain to the west and views to the east from two separate, private upstairs balconies. Enter thru lush courtyard w/ fountain to spacious living room w/ vaulted wood ceilings, fireplace & shutters through-out. Master bedroom is downstairs w/ another bedroom & den upstairs. Extra banco/ sitting room w/ wet bar off formal dining area. Lush, colorful back patio with built-in BBQ & wall fountain. Built-in cabinets in garage with epoxy floor and extra storage. Immaculate home w/ premium location in excellent heart of Scottsdale location!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Plaza

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k586k

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

Neighborhood: The Plaza

ZipNIR 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
Kiva Elementary School Primary Regular 463 29 10
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Kiva Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Mohave Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 48
7
GreatSchools Rating

Saguaro High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 63
7
GreatSchools Rating
 

$697,500$852,500$775,000

PURCHASE PRICE

$4,491$5,489$4,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,990
EXPENSES Loan Payment -$2,692
Property Tax -$362
Property Insurance -$78
HOA -$330
Property Management Fees -$99
CASH FLOW
$1,428

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.

$775,000

PROJECTED PRICE

$4,990

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k$60k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

13.92

YEARS SAVED

$177,060

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,990

    LIST RENT
  • $1.9

    LIST RENT PER SQFT
  • $4,999

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$4,9903$6,500
$6,500
RENT COMPS ANALYSIS
  • 7330 E Palo Verde Drive #14 Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 2,631 Sqft ∙ Built 1983 2 beds 2 baths ∙ 2,631 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $4,990
    • $1.90
    •  
  • 7770 E Camelback Road #4 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 2,377 Sqft ∙ Built 1969 2 beds 2 baths ∙ 2,377 Sqft ∙ Built 1969
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.16
    •  
  • 5555 N 73rd Place Scottsdale, AZ 3
    • 2 beds 3 baths ∙ 2,463 Sqft ∙ Built 1983 2 beds 3 baths ∙ 2,463 Sqft ∙ Built 1983
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $2.64
    •  
PROPERTY LISTING DETAILS
Merrilee A Edwards
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187722
Last Updated: 02/07/2021
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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