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7362 E Soaring Eagle Way Scottsdale, AZ 85266

2 Beds 3 Baths 2,287 sqft Built 1999

$788,000

List Price

$3,980

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $344.56
  • 1 Days on Market
  • MLS # : 6210245
  • Updated Date : 03/21/2021 at 02:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,287 sqft
  • Baths : 2 full , 1 half
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Gorgeous Winfield home with backyard views to Black Mtn and abundant natural area open desert space behind the home.PRIVATE! The Ambiance plan features a full master suite and a junior suite with a powder room and an office. There is a small secondary office. Many upgrades throughout the home: updated kitchen w/ granite counters, backsplash, appliances, remodel master bath w/ shower and bathtub, new custom paint t/o, newer epoxy floors and high end cabinets in the garage, upgraded landscape lighting & plants, driveway & walkway custom sealant, Sonos home theatre w/ 3 Sony TVs convey bracketed & connected, ceiling fans&fixtures. Winfield Resort Community offers a clubhouse, htd. comm. pool, fitness facility, 8 tennis courts (2 clay), pickleball, hiking, walking, biking paths,social clubs.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Winfield

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k557k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Winfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453888

* 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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$709,200$866,800$788,000

PURCHASE PRICE

$3,582$4,378$3,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,980
EXPENSES Loan Payment -$2,737
Property Tax -$368
Property Insurance -$72
HOA -$80
Property Management Fees -$99
CASH FLOW
$624

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.

$788,000

PROJECTED PRICE

$3,980

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 0.9%
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$10k$20k$30k$40k$50k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$214,570

INVESTMENT

$214,570

Down Payment
$197,000
Rehab Estimate
$5,750
Closing Costs
$11,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$2,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $197,000
Loan Amount $591,000
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$110,583

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
  • $4,490

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,8004$5,000
$5,000
RENT COMPS ANALYSIS
  • 7362 E Soaring Eagle Way Scottsdale, AZ 1
    • 2 beds 3 baths ∙ 2,287 Sqft ∙ Built 1999 2 beds 3 baths ∙ 2,287 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 33412 N 69th Place Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,955 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,955 Sqft ∙ Built 1995
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.64
    •  
  • 7499 E Quien Sabe Way Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,998 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,998 Sqft ∙ Built 1999
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.90
    •  
  • 7275 E Sunset Sky Circle Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 2,128 Sqft ∙ Built 2000 2 beds 2 baths ∙ 2,128 Sqft ∙ Built 2000
    property image
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.35
    •  
PROPERTY LISTING DETAILS
Steve Klemow
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210245
Last Updated: 03/21/2021
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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