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7449 E Journey Lane Scottsdale, AZ 85255

4 Beds 2 Baths 2,500 sqft Built 1996

$769,900

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $307.96
  • 2 Days on Market
  • MLS # : 6178989
  • Updated Date : 01/10/2021 at 01:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,500 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Don't miss out - BUY NOW & RENT Back! This home is truly a ''GEM'' with many upgrades and updates (see upgrades list). INCLUDES ''SELLER-PAID HOME WARRANTY'' for peace-of-mind! Gorgeous one-level in esteemed North Scottsdale Grayhawk Community. GREAT location with upscale restaurants, shopping, golfing, over 30 miles of hiking, walking and biking trails, many parks, excelling Scottsdale schools, fine dining and a plethora of shopping choices. Truly an A+ location LIFESTYLE with easy access to routes 101, 51, 60, 202 and airport. Patio oasis with sparkling Pebble Tec HEATED pool and water feature - Mini resort-like backyard. Master suite has doors to pool area. Separate tub & shower, double sinks, etc. Office/den off living room could be 4th bdrm if needed. Plantation window shutters.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k549k

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

Neighborhood: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453434

* 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
Grayhawk Elementary School Primary Regular 597 32 10
Grayhawk Elementary School Middle Regular 597 32 10
Pinnacle High School High Regular 2,443 96 8

Grayhawk Elementary School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 32
10
GreatSchools Rating

Grayhawk Elementary School

  • Education Level: Middle
  • # of students: 597
  • # of teachers: 32
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$692,910$846,890$769,900

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$2,674
Property Tax -$573
Property Insurance -$76
HOA -$22
Property Management Fees -$99
CASH FLOW
-$174

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.

$769,900

PROJECTED PRICE

$3,270

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$209,774

INVESTMENT

$209,774

Down Payment
$192,475
Rehab Estimate
$5,750
Closing Costs
$11,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,674

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $192,475
Loan Amount $577,425
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$29,155

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
  • $3,063

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$3,1954$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 7449 E Journey Lane Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,500 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,500 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7670 E Quill Lane Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,650 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,650 Sqft ∙ Built 1998
    property image
    LEASED 12/26/14
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.02
    •  
  • 7741 E Buteo Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.31
    •  
  • 7842 E Nestling Way Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.31
    •  
  • 7711 E Thunderhawk Road Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 1998
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.26
    •  
PROPERTY LISTING DETAILS
Harvey J. Plamondon
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178989
Last Updated: 01/10/2021
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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