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7342 E Conquistadores Drive Scottsdale, AZ 85255

3 Beds 3 Baths 2,113 sqft Built 2018

$850,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $402.27
  • 2 Days on Market
  • MLS # : 6178851
  • Updated Date : 01/09/2021 at 23:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,113 sqft
  • Baths : 3 full
Listing Agent

The Noble Agency

Listing Agent's Description

This modern single-level villa is located in the community of Summit at Silverstone in North Scottsdale. A light and airy design, this home features a chef's kitchen complete with an oversized island with granite countertops and breakfast bar, stainless appliances and pantry adjacent to a more formal dining area. An intimate outdoor space with faux lawn, bistro lights, covered patio and BBQ are beyond a wall of glass from the great room. The owner's suite includes dual vanities, a soaking tub, separate shower, and an ample walk-in closet. This is an incredible opportunity for someone looking for a true lock 'n leave lifestyle.

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
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$2,952
Property Tax -$633
Property Insurance -$68
HOA -$239
Property Management Fees -$99
CASH FLOW
-$741

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.

$850,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.38%

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,887

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $2,916

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,9953$3,1004$3,2005$3,250
$3,250
RENT COMPS ANALYSIS
  • 7342 E Conquistadores Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.54
    •  
  • 7332 E Vista Bonita Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 2018
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.22
    •  
  • 7688 E Overlook Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,305 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,305 Sqft ∙ Built 2001
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.30
    •  
  • 7351 E Vista Bonita Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 2018
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.58
    •  
  • 22383 N 77th Place Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1999
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.42
    •  
PROPERTY LISTING DETAILS
Monica C Monson
The Noble Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178851
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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