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7337 E Russet Sky Drive Scottsdale, AZ 85266

3 Beds 2 Baths 2,060 sqft Built 2000

$634,000

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $307.77
  • 5 Days on Market
  • MLS # : 6205275
  • Updated Date : 03/13/2021 at 02:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,060 sqft
  • Baths : 2 full
Listing Agent

New West Realty

Listing Agent's Description

Come see this stunning 3bed/2bath home located in the highly sought after gated subdivision of Winfield in north Scottsdale. This gem features great curb appeal with stacked stone accents, leading past the charming front patio and into the must see interior. Soaring vaulted ceilings, cozy fireplace, built in media niche and beautiful tile flooring are sure to impress. You will love the open concept floorplan for entertaining. Kitchen will delight any chef with gas cooking, ss appliances, a plethora of warm wood cabinetry and a center island. Light filled master retreat includes en suite with dual sinks, soaking tub and glass block shower. The lovely low maintenance backyard is perfect for relaxing. Community benefits include heated pool, jacuzzi, fitness center and more. See it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Winfield

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k557k

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

Neighborhood: Winfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453888

* 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
 

$570,600$697,400$634,000

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$2,202
Property Tax -$296
Property Insurance -$67
HOA -$80
Property Management Fees -$99
CASH FLOW
$366

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.

$634,000

PROJECTED PRICE

$3,110

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 0.9%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$173,760

INVESTMENT

$173,760

Down Payment
$158,500
Rehab Estimate
$5,750
Closing Costs
$9,510

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,202

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $158,500
Loan Amount $475,500
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$72,407

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,110

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $3,286

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,8003$3,1104$3,2005$3,500
$3,500
RENT COMPS ANALYSIS
  • 7337 E Russet Sky Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,110
    • $1.51
    •  
  • 7676 E Balao Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 2000
    property image
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.33
    •  
  • 6962 E Hibiscus Way Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 1995
    property image
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.47
    •  
  • 7500 E Boulders Parkway #49 Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 1989
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.58
    •  
  • 6930 E Nightingale Star Circle Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 1,750 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,750 Sqft ∙ Built 1997
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.00
    •  
PROPERTY LISTING DETAILS
Raymond Remstedt
New West Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205275
Last Updated: 03/13/2021
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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