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7345 E Casitas Del Rio Drive Scottsdale, AZ 85255

3 Beds 3 Baths 2,353 sqft Built 2018

$619,000

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $263.07
  • 3 Days on Market
  • MLS # : 6154900
  • Updated Date : 11/01/2020 at 16:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,353 sqft
  • Baths : 2 full , 1 half
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Huge Rooftop Deck with no adjoining decks to ensure Privacy ! This pristine highly upgraded McDowell model contemporary townhome built in 2018 is located in the gated community of Pinnacle at Silverstone. Over $109000 in upgrades including 20ft great room slider which when seemlessly blends indoor and outdoor living.. GE Monogram Gourmet Kitchen with huge waterfall island, Surround sound, Upgraded security including 4 cameras, Level 2 outlet in Garage for Tesla or EV, Remote blinds , beverage fridge and luxurious owners suite . Walking distance to Starbucks , Sprouts restaurants, and shopping. Additional rooms include a powder bath on the main floor and a loft, master bedroom, two guest bedrooms, full bath and laundry on the 2nd floor.

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
 

$557,100$680,900$619,000

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$2,284
Property Tax -$461
Property Insurance -$73
HOA -$189
Property Management Fees -$99
CASH FLOW
$164

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.

$619,000

PROJECTED PRICE

$3,270

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$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

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$169,785

INVESTMENT

$169,785

Down Payment
$154,750
Rehab Estimate
$5,750
Closing Costs
$9,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,284

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,750
Loan Amount $464,250
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$56,113

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,270

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $3,265

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2003$3,2704$3,3005$3,750
$3,750
RENT COMPS ANALYSIS
  • 7345 E Casitas Del Rio Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $3,270
    • $1.39
    •  
  • 7495 E Paraiso Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,473 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,473 Sqft ∙ Built 2019
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.21
    •  
  • 7354 E Casitas Del Rio Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,377 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,377 Sqft ∙ Built 2019
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.35
    •  
  • 7351 E Casitas Del Rio Drive Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 2019
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.40
    •  
  • 7325 E Casitas Del Rio Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 2018
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.59
    •  
PROPERTY LISTING DETAILS
Craig A Young
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154900
Last Updated: 11/01/2020
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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