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7487 E Nestling Way Scottsdale, AZ 85255

4 Beds 3 Baths 3,331 sqft Built 1998

INVESTimate

$947,000

List Price

$3,750

$3,500 - $4,000

Rent Est.

$975,221  ( +2.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $284.30
  • 6 Days on Market
  • MLS # : 6119487
  • Updated Date : 08/25/2020 at 17:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,331 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Timeless Luxury! Truly a one of a kind! Imagine enjoying a home that is defined by all of the quality, design style & sophistication of a high class resort hotel, while providing a practical open flow for everyday living. From the gorgeous curb appeal & lush grounds to the COMPLETELY TRANSFORMED interior space, every detail was executed to perfection. The dramatic entryway reveals the overall theme, with stunning Schonbek crystal chandeliers and sconces, engineered wood floors, designers accent wall features, custom European wall treatments & Restoration Hardware elements. Executive office could also be a 5th BR and offers a full designer infused bath w/ marble shower surround & artful wall treatment. The fully renovated gourmet kitchen is an Epicurean's delight, featuring stunning

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
 

$852,300$1,041,700$947,000

PURCHASE PRICE

$3,375$4,125$3,750

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,750
EXPENSES Loan Payment -$3,494
Property Tax -$705
Property Insurance -$92
HOA -$64
Property Management Fees -$99
CASH FLOW
-$704

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.

$947,000

PROJECTED PRICE

$3,750

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$256,705

INVESTMENT

$256,705

Down Payment
$236,750
Rehab Estimate
$5,750
Closing Costs
$14,205

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $236,750
Loan Amount $710,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$12,322

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,750

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $4,055

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$3,750
1$3,7502$4,0003$4,1004$4,2005$4,500
$4,500
RENT COMPS ANALYSIS
  • 7487 E Nestling Way Scottsdale, 1
    • 4 beds 3 baths ∙ 3,331 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,331 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.13
    •  
  • 7640 E Wing Shadow Road Scottsdale, 2
    • 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 1998
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.15
    •  
  • 7407 E Quill Lane Scottsdale, 3
    • 5 beds 3 baths ∙ 3,331 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,331 Sqft ∙ Built 1997
    LEASED 03/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.23
    •  
  • 21313 N 73rd Way Scottsdale, 4
    • 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 1998
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.20
    •  
  • 7636 E Rose Garden Lane Scottsdale, 5
    • 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 1998
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.29
    •  
PROPERTY LISTING DETAILS
Renee' Merritt
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119487
Last Updated: 08/25/2020
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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