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7468 E Baker Drive Scottsdale, AZ 85266

5 Beds 4 Baths 4,276 sqft Built 2004

$1,399,000

List Price

$5,610

$5.4K - $5.9K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $327.17
  • 3 Days on Market
  • MLS # : 6186884
  • Updated Date : 01/30/2021 at 22:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,276 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Gorgeous newly remodeled home in Gated Community of Trovia. Huge corner lot with no neighbors directly touching lot - Both Air Cond units just replaced - Tesla Solar Panels - New Oven/Microwave - All interior can lights are LED - All Bathrooms newly remodeled - Kitchen designed to entertain -Very large formal dining Room -Kids playroom/workstations - Home Office Suite - Split floorplan with very large master bedroom - Putting Green - Basketball court - Gardens - Soft Water loop - 5 Bedrooms 3.5 Bathrooms. This property is sure to sell quickly.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trovia

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $122k1163k

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

Neighborhood: Trovia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000450050005500Rent in $10455807

* 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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$1,259,100$1,538,900$1,399,000

PURCHASE PRICE

$5,049$6,171$5,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,610
EXPENSES Loan Payment -$4,859
Property Tax -$653
Property Insurance -$110
HOA -$28
Property Management Fees -$99
CASH FLOW
-$140

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.

$1,399,000

PROJECTED PRICE

$5,610

PROJECTED RENT

0.40%

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k$50k$60k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$376,485

INVESTMENT

$376,485

Down Payment
$349,750
Rehab Estimate
$5,750
Closing Costs
$20,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$4,859

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $349,750
Loan Amount $1,049,250
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$71,475

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,610

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $5,958

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$5,250
1$5,2502$5,5003$5,6104$6,750
$6,750
RENT COMPS ANALYSIS
  • 7468 E Baker Drive Scottsdale, AZ 3
    • 5 beds 4 baths ∙ 4,276 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,276 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $5,610
    • $1.31
    •  
  • 30025 N 72nd Place Scottsdale, AZ 1
    • 5 beds 5 baths ∙ 3,997 Sqft ∙ Built 2004 5 beds 5 baths ∙ 3,997 Sqft ∙ Built 2004
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.31
    •  
  • 7214 E Alta Sierra Drive Scottsdale, AZ 2
    • 5 beds 5 baths ∙ 4,276 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,276 Sqft ∙ Built 2003
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.29
    •  
  • 29914 N 72nd Place Scottsdale, AZ 4
    • 5 beds 4 baths ∙ 4,276 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,276 Sqft ∙ Built 2004
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,750
    • $1.58
    •  
PROPERTY LISTING DETAILS
Tena Doss
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186884
Last Updated: 01/30/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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