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7390 E Hanover Way Scottsdale, AZ 85255

3 Beds 2 Baths 1,652 sqft Built 1994

$484,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $293.52
  • 6 Days on Market
  • MLS # : 6166755
  • Updated Date : 12/31/2020 at 21:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,652 sqft
  • Baths : 2 full
Listing Agent

Amp Real Estate

Listing Agent's Description

Beautiful North Scottsdale home with oversized, corner lot in the gated community of Los Portones. This home feels light, bright, and open with vaulted ceilings throughout. Quartz countertops, updated cabinets and skylight in the kitchen.Wood burning fireplace in the family room. Updated sliding doors provide access to large backyard with wrap around paver patio. Master bathroom has updated tiled flooring and shower, double vanities, soaking tub and walk-in closet with custom shelving. Guest bathroom has been updated with subway tiles, marble accents, new vanity and lighting. Custom 85% UV window screens were recently added on all windows. Restaurants, shopping and entertainment close by . Quick access to the 101 freeways for easy commuting.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Premiere at Pinnacle Peak

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Premiere at Pinnacle Peak

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
 

$436,410$533,390$484,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,789
Property Tax -$361
Property Insurance -$59
HOA -$7
Property Management Fees -$99
CASH FLOW
-$135

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.

$484,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,249

INVESTMENT

$134,249

Down Payment
$121,225
Rehab Estimate
$5,750
Closing Costs
$7,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,225
Loan Amount $363,675
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$21,406

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
  • $2,177

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$2,1504$2,1505$2,150
$2,150
RENT COMPS ANALYSIS
  • 7390 E Hanover Way Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7393 E Hanover Way Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1994
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.21
    •  
  • 23800 N 73rd Place Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1993
    property image
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.36
    •  
  • 7260 E Softwind Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1993
    property image
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.32
    •  
  • 23770 N 75th Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1998
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.38
    •  
PROPERTY LISTING DETAILS
Carrie S Grant
Amp Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166755
Last Updated: 12/31/2020
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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