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7408 E Arlington Road Scottsdale, AZ 85250

4 Beds 4 Baths 3,558 sqft Built 1980

$1,100,000

List Price

$3,960

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $309.16
  • 2 Days on Market
  • MLS # : 5877109
  • Updated Date : 01/16/2021 at 01:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,558 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

LOCATION LOCATION LOCATIONJust North of Downtown Scottsdale Waterfront, Scottsdale Fashion Square Mall & Tons of Culinary & Entertainment Kiva Elementary, Mohave Middle, Saguaro High Golf courses galore. This home has class and practicality that has been maintained regularly. Designs by Jeff Tru & other Artist. Furnishings are negotiable separate bill of sale. Extra storage on side of house, Beautiful & Lush Green Quiet Backyard with a Pool. 360*security system.This Home is both an Entertainers Delight & a semi-custom Family Home.Few changes may be desired by new owner.Gazebo awaits a hot tub. 3 Masterbed/bath Gorgeous Kitchen, Dining, Lovely Neighbors, Golfing, parks, paths nearby. Lush Quiet Backyard. Upgraded 4 Disabled.Please schedule to view. 2 A/C units,security rollershields

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Conejo Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k961k

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

Neighborhood: Conejo Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454560

* 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
Kiva Elementary School Primary Regular 463 29 10
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Kiva Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Mohave Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 48
7
GreatSchools Rating

Saguaro High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 63
7
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,564$4,356$3,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,960
EXPENSES Loan Payment -$3,821
Property Tax -$514
Property Insurance -$97
Property Management Fees -$99
CASH FLOW
-$571

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.

$1,100,000

PROJECTED PRICE

$3,960

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$24,280

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,960

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $3,902

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$3,9603$4,3004$4,500
$4,500
RENT COMPS ANALYSIS
  • 7408 E Arlington Road Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,558 Sqft ∙ Built 1980 4 beds 4 baths ∙ 3,558 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $3,960
    • $1.11
    •  
  • 8100 E Camelback Road #62 Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 3,374 Sqft ∙ Built 1990 3 beds 3 baths ∙ 3,374 Sqft ∙ Built 1990
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.77
    •  
  • 6701 N Scottsdale Road #19 Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 3,696 Sqft ∙ Built 1978 3 beds 3 baths ∙ 3,696 Sqft ∙ Built 1978
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.16
    •  
  • 6814 N 72nd Place Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,304 Sqft ∙ Built 1972 4 beds 3 baths ∙ 3,304 Sqft ∙ Built 1972
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.36
    •  
PROPERTY LISTING DETAILS
Cinthia Van Alst
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 5877109
Last Updated: 01/16/2021
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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