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7473 E Buteo Drive Scottsdale, AZ 85255

4 Beds 3 Baths 2,806 sqft Built 1998

INVESTimate

$749,900

List Price

$3,590

$3,340 - $3,840

Rent Est.

$772,247  ( +2.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $267.25
  • 6 Days on Market
  • MLS # : 6120504
  • Updated Date : 08/20/2020 at 23:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,806 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

THIS FABULOUS HOME ON A CUL-DE-SAC HAS A PRIVATE VIEW FENCE LOT WITH A HEATED POOL & SPA WITH A WATERFALL. THE BACKYARD ALSO BOASTS A FIRPIT AND A HUGE COVERED PATIO FOR TOTAL RELAXATION. THE KITCHEN HAS NEW APPLIANCES AND A BREAKFAST BAR THAT OPENS TO THE FAMILY ROOM WITH A FIREPLACE AND A PLASMA TV. THE SPACIOUS MASTER BEDROOM HAS A SITTING AREA AND IS FURNISHED WITH A KING SIZE BED. THE 3 REMAINING ROOMS ARE FURNISHED WITH QUEEN SIZE BEDS. THIS HOME IS A MUST SEE!!!

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
 

$674,910$824,890$749,900

PURCHASE PRICE

$3,231$3,949$3,590

RENT

DOWN PAYMENT
FINANCING

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$35k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,590
EXPENSES Loan Payment -$2,767
Property Tax -$558
Property Insurance -$82
HOA -$61
Property Management Fees -$99
CASH FLOW
$23

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.

$749,900

PROJECTED PRICE

$3,590

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.98%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$52,698

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
  • $3,641

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2503$3,4954$3,6005$3,900
$3,900
RENT COMPS ANALYSIS
  • 7473 E Buteo Drive Scottsdale, 1
    • 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20629 N 74th Way Scottsdale, 2
    • 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 1996
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.28
    •  
  • 7419 E Thunderhawk Road Scottsdale, 3
    • 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 1996
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.25
    •  
  • 20717 N 74th Way Scottsdale, 4
    • 3 beds 3 baths ∙ 2,839 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,839 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.27
    •  
  • 7591 E Tailspin Lane Scottsdale, 5
    • 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 1998
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.39
    •  
PROPERTY LISTING DETAILS
James D Ram
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120504
Last Updated: 08/20/2020
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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