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7337 E Tailfeather Drive Scottsdale, AZ 85255

5 Beds 3 Baths 2,880 sqft Built 1998

$650,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $225.69
  • 2 Days on Market
  • MLS # : 6165508
  • Updated Date : 11/28/2020 at 13:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,880 sqft
  • Baths : 3 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Spacious home set on North/ South lot situated in one of the most convenient neighborhoods in Grayhawk! Open kitchen to family room. Large rooms. Loft area upstairs could be ideal for that work from home space so many are needing right now. Resort like yard with sparking pool and privacy.Perfect location just steps from dining and shopping! Enjoy all that the Grayhawk offers set in in the beautiful Sonoran Desert . Over 30 miles of hiking, walking and biking trails, Golf, many parks, basketball court, community activities, excelling Scottsdale schools, fine dining and a plethora of shopping choices, this is a LIFESTYLE! With easy access to the 101, this really is an A+ location. MUST SEE!

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
Grayhawk Elementary School Primary Regular 597 32 10
Grayhawk Elementary School Middle Regular 597 32 10
Pinnacle High School High Regular 2,443 96 8

Grayhawk Elementary School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 32
10
GreatSchools Rating

Grayhawk Elementary School

  • Education Level: Middle
  • # of students: 597
  • # of teachers: 32
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$2,398
Property Tax -$499
Property Insurance -$83
HOA -$21
Property Management Fees -$99
CASH FLOW
$329

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.

$650,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.53%

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

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$79,492

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,485

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3003$3,3004$3,4955$3,500
$3,500
RENT COMPS ANALYSIS
  • 7337 E Tailfeather Drive Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 2,880 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,880 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7360 E Wing Shadow Road Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 2,747 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,747 Sqft ∙ Built 1998
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.20
    •  
  • 7663 E Candelaria Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 1999
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.16
    •  
  • 7419 E Thunderhawk Road Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 1996
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.25
    •  
  • 22349 N 76th Place Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 2,849 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,849 Sqft ∙ Built 1999
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.23
    •  
PROPERTY LISTING DETAILS
Karen D Grobman
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165508
Last Updated: 11/28/2020
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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