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7472 E Rustling Pass Scottsdale, AZ 85255

3 Beds 2 Baths 2,035 sqft Built 1997

$650,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $319.41
  • 3 Days on Market
  • MLS # : 6205184
  • Updated Date : 03/13/2021 at 16:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,035 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Located on a premium lot backing the Scottsdale Preserve, this beautiful home in Grayhawk offers 3 bedrooms & 2 baths in 2035 SqFt with formal living/dining, separate family room with gas fireplace, and a split master retreat. The eat-in kitchen features granite countertops, stainless appliances, island,, pantry & built-in shelving with two beverage coolers. Sliding doors lead out from the family room to a fabulous private backyard! You'll love the privacy of backing the Preserve, the sparkling pool with water feature & multiple umbrella sleeves, the covered patio with ceiling fan, tile floor, and built-in propane BBQ area; and the grass for kids & pets to play on. The spacious master retreat has double door entry & a private bath with dual sink vanity, separate tub & shower, and walk-in

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
Mountain Trail Middle School Middle Regular 714 29 7
Pinnacle High School High Regular 2,443 96 8

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

Pinnacle High School

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

$585,000$715,000$650,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$2,258
Property Tax -$484
Property Insurance -$67
HOA -$22
Property Management Fees -$99
CASH FLOW
-$839

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.

$650,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.32%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$154

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
  • $2,101

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,1754$2,2005$2,750
$2,750
RENT COMPS ANALYSIS
  • 7472 E Rustling Pass Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7500 E Deer Valley Road #98 Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2000
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.89
    •  
  • 7500 E Deer Valley Road #48 Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 1999
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.00
    •  
  • 7500 E Deer Valley Road #165 Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2000
    property image
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
  • 20802 N Grayhawk Drive #1085 Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,229 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,229 Sqft ∙ Built 1997
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.23
    •  
PROPERTY LISTING DETAILS
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205184
Last Updated: 03/13/2021
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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