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7349 E Casitas Del Rio Drive Scottsdale, AZ 85255

3 Beds 3 Baths 1,957 sqft Built 2018

$544,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $277.98
  • 3 Days on Market
  • MLS # : 6176250
  • Updated Date : 01/02/2021 at 17:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,957 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This is it! This spacious Camelback floorplan is in the much desired Silverstone Community in North Scottsdale. This 3 bedroom plus Loft floorplan boasts upgraded tile floors, quartz counters, GE Cafe Stainless appliances and large two car garage. Close to the 101 Frwy and Kierland shopping, Pinnacle at Silverstone is a gated community with pool, spa and exercise facilities.

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
 

$489,600$598,400$544,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,007
Property Tax -$422
Property Insurance -$65
HOA -$189
Property Management Fees -$99
CASH FLOW
$268

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.

$544,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.56%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$149,910

INVESTMENT

$149,910

Down Payment
$136,000
Rehab Estimate
$5,750
Closing Costs
$8,160

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,007

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,000
Loan Amount $408,000
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$62,097

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $1.56

    LIST RENT PER SQFT
  • $2,828

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,3993$3,0504$3,1005$3,200
$3,200
RENT COMPS ANALYSIS
  • 7349 E Casitas Del Rio Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.56
    •  
  • 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
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.22
    •  
  • 7638 E Via Del Sol Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1999
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $1.34
    •  
  • 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
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.58
    •  
  • 7329 E Casitas Del Rio Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 2018
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.64
    •  
PROPERTY LISTING DETAILS
David Schrand
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176250
Last Updated: 01/02/2021
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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