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7336 E Conquistadores Drive Scottsdale, AZ 85255

2 Beds 3 Baths 2,113 sqft Built 2018

$749,000

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $354.47
  • 3 Days on Market
  • MLS # : 6201382
  • Updated Date : 03/05/2021 at 08:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,113 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Fantastic opportunity to live in this premier gated community in north Scottsdale! This immaculate, almost new home offers 2 bedrooms + den & 2.5 baths in 2113 SqFt and would be a great full-time residence or lock & leave vacation home! The gourmet kitchen features an abundance of cabinetry with soft-close drawers, under-cabinet lighting, & crown molding; granite countertops, tile backsplash, gas cooktop, GE Profile stainless appliances (including double wall ovens), walk-in pantry, and large island with breakfast bar & pendant lighting. Sliding doors lead out to the covered patio with stamped concrete flooring, roll down shades, gas stub for your BBQ, and extended paver patio. The low maintenance landscaping leaves you more time to enjoy the community pool, fitness center, and nearby*

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
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
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$2,602
Property Tax -$557
Property Insurance -$68
HOA -$239
Property Management Fees -$99
CASH FLOW
-$355

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.

$749,000

PROJECTED PRICE

$3,210

PROJECTED RENT

0.43%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$14,685

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $1.52

    LIST RENT PER SQFT
  • $3,691

    COMP ESTIMATED VALUE
  • $1.75

    COMP AVG. RENT PER SQFT
Comps Range
$3,210
1$3,2102$3,2503$3,9954$5,000
$5,000
RENT COMPS ANALYSIS
  • 7336 E Conquistadores Drive Scottsdale, AZ 1
    • 2 beds 3 baths ∙ 2,113 Sqft ∙ Built 2018 2 beds 3 baths ∙ 2,113 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $1.52
    •  
  • 23378 N 73rd Way Scottsdale, AZ 2
    • 2 beds 3 baths ∙ 2,353 Sqft ∙ Built 2018 2 beds 3 baths ∙ 2,353 Sqft ∙ Built 2018
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.38
    •  
  • 7487 E Paraiso Drive Scottsdale, AZ 3
    • 2 beds 3 baths ∙ 2,358 Sqft ∙ Built 2019 2 beds 3 baths ∙ 2,358 Sqft ∙ Built 2019
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.69
    •  
  • 7667 E Fledgling Drive Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 2,305 Sqft ∙ Built 2001 2 beds 2 baths ∙ 2,305 Sqft ∙ Built 2001
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.17
    •  
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 #: 6201382
Last Updated: 03/05/2021
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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