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7402 E Beatrice Street Scottsdale, AZ 85257

3 Beds 2 Baths 1,352 sqft Built 1960

$375,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $277.37
  • 3 Days on Market
  • MLS # : 6170512
  • Updated Date : 12/12/2020 at 11:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,352 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

IMPRESSIVE CORNER LOT HOME *1352 SQUARE FEET INCLUDES ROOM ADDITION OFF BACK PATIO *NUMEROUS UPGRADES *DUAL PANE WINDOWS THROUGHOUT *FRESHLY INTERIOR/EXTERIOR PAINT *NEUTRAL COLORS *UPDATED EAT-IN KITCHEN INCLUDES WHITE CABINETS, GRANITE COUNTERS, WHITE SUBWAY TILE BACKSPLASH, UPDATED APPLIANCES (STOVE/COOKTOP/DISHWASHER) *SOUTH WALL CABINET HAS GRANITE COUNTERTOP, TILE BACKSPLASH, WINE COOLER & WIRE RACK ABOVE *FRENCH DOOR EXIT TO YARD *THREE LARGE BEDROOMS *BOTH BATHROOMS UPDATED WITH NEW VANITIES, GRANITE COUNTERS, FIXTURES & LIGHTING *AIR CONDITIONER APPROX. 2010 *BACKYARD HAS MATURE CITRUS & FLOWERING BUSHES/PLANTS *SEPARATE PRIVATE ROOM HAS COOLING/HEATING UNITS, WATER, SHELVING (PERFECT FOR OFFICE, MAN CAVE/SHE SHED) *AMAZING SCOTTSDALE LOCATION CLOSE TO DOWNTOWN SCOTTSDALE, GIANTS

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New Papago Parkway

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: New Papago Parkway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9362993

* 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
Yavapai Elementary School Primary Regular 421 26 4
Coronado High School High Regular 1,039 61 2

Yavapai Elementary School

  • Education Level: Primary
  • # of students: 421
  • # of teachers: 26
4
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,384
Property Tax -$175
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
$109

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$375,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530$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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$40,913

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $1,818

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,8003$1,8204$1,8505$1,995
$1,995
RENT COMPS ANALYSIS
  • 7402 E Beatrice Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.35
    •  
  • 7401 E Belleview Street Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1959
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.33
    •  
  • 7514 E Roosevelt Street Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1960
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.32
    •  
  • 7543 E Mckinley Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1960
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.26
    •  
  • 7514 E Beatrice Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1960
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.47
    •  
PROPERTY LISTING DETAILS
Nina Cimini
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170512
Last Updated: 12/12/2020
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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