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7384 E Starla Drive 
Scottsdale, AZ
85255
3 Beds 2 Baths 1,580 sqft
Built 1993
INVESTimate
$445,000
List Price
$123,675
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PROPERTY INFO
FACTS
- Built In 1993
- Price/Sqft : $281.65
- 3 Days on Market
- MLS # : 6121823
- Updated Date : 08/25/2020 at 14:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,580 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
UPDATED plumbing, roof, lighting, storage access & more! Single level home in highly desirable PINNACLE PEAK VILLAS within the LOS PORTONES gated community in North Scottsdale 85255. Spacious open floor plan w/ vaulted ceilings, plantation shutters, FP w/mantel & tile surrounds. Eat-in kitchen w/ large window and open to the great room. Stainless steel Frigidaire Gallery appliances. Master bdrm w/ slider to covered patio & bathroom w/double vanities, walk-in shower w/glass door, separate tub, & walk-in closet w/built-ins. Much to enjoy in this neighborhood w/natural desert washes. Relax poolside in the heated community swimming pool. PRIME LOCATION. Walking distance to fine dining, shopping and minutes to the 101 loop!
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PRICE & RENT TRENDS
Neighborhood: Pinnacle Peak Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pinnacle Peak Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,642 |
| Property Tax | -$331 | |
| Property Insurance | -$58 | |
| HOA | -$150 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$260
|
||
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.
$445,000
PROJECTED PRICE
$2,020
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.47% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$123,675
LOAN DETAILS
$1,642
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $111,250 |
| Loan Amount | $333,750 |
2.33
YEARS SAVED
$8,785
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$1.28
LIST RENT PER SQFT
-
$2,022
COMP ESTIMATED VALUE -
$1.28
COMP AVG. RENT PER SQFT
Comps Range
-
7384 E Starla Drive Scottsdale, 3
- 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $2,020
- $1.28
-
7650 E Williams Drive #1048 Scottsdale, 1
- 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1998
LEASED 08/25/19- Rent
- Rent Per SQFT
- $2,000
- $1.21
-
7393 E Hanover Way Scottsdale, 2
- 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1994
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,000
- $1.21
-
7260 E Softwind Drive Scottsdale, 4
- 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1993
LEASED 09/21/19- Rent
- Rent Per SQFT
- $2,150
- $1.32
-
23770 N 75th Street Scottsdale, 5
- 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1998
LEASED 03/10/20- Rent
- Rent Per SQFT
- $2,150
- $1.38
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121823
Last Updated: 08/25/2020
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.
