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7344 E Conquistadores Drive Scottsdale, AZ 85255

3 Beds 3 Baths 2,113 sqft Built 2018

$845,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $399.91
  • 7 Days on Market
  • MLS # : 6187248
  • Updated Date : 02/06/2021 at 16:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,113 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautifully upgraded 3 bed 3 bath home home in North Scottsdale's gated community Silverstone. Sellers have spared no expense inside and out. Gourmet kitchen wall is tiled from floor to ceiling with high end GE Monogram appliances, 6 burner gas stove, 2 ovens, 42'' refrigerator & beverage refrigerator. Quartz countertops & large island open itself to the living room centered around a beautiful fireplace which is tiled floor to ceiling. The 15' oversized sliders lends itself to perfect indoor/outdoor living & dining which includes a patio fireplace & built in grill. Spacious master bedroom includes a custom tiled shower, double sinks & custom barn door for bathroom privacy along w/ barn door window treatments. Solid core doors for sound. Custom front gate. Too many upgrades to list.

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
 

$760,500$929,500$845,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,935
Property Tax -$639
Property Insurance -$68
HOA -$239
Property Management Fees -$99
CASH FLOW
-$1,061

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.

$845,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.35%

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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$229,675

INVESTMENT

$229,675

Down Payment
$211,250
Rehab Estimate
$5,750
Closing Costs
$12,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,935

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $211,250
Loan Amount $633,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$182

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $2,916

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,9203$2,9954$3,1005$3,200
$3,200
RENT COMPS ANALYSIS
  • 7344 E Conquistadores Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $1.38
    •  
  • 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 3
    • 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 4
    • 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 5
    • 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
Vicki L Stumberg
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187248
Last Updated: 02/06/2021
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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