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7488 E Crested Saguaro Lane Scottsdale, AZ 85266

2 Beds 2 Baths 2,001 sqft Built 1999

$549,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $274.36
  • 3 Days on Market
  • MLS # : 6165012
  • Updated Date : 11/27/2020 at 12:55
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,001 sqft
  • Baths : 2 full
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

WINFIELD - Gorgeous VIEWS of Winfield Mountain from Great room and Patio; corner lot, short walking distance to Pool, Clubhouse, Fitness, Tennis & Pickleball and more! Spacious Kitchen opens to Great room. Large Master with walk-in closet and separate entry to patio. Office can be closed off as a 3rd bedroom option. Immaculate and well maintained...NEW HVAC, garage opener, microwave in 2019, NEW water softener, RO & bedroom carpets in 2018. NEW PHOTOS COMING SOON!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Winfield

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k557k

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

Neighborhood: Winfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453888

* 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
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
GreatSchools Rating

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
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,026
Property Tax -$267
Property Insurance -$66
HOA -$77
Property Management Fees -$99
CASH FLOW
$415

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.

$549,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 0.9%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$86,023

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $3,217

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,9503$3,0004$3,2005$3,800
$3,800
RENT COMPS ANALYSIS
  • 7488 E Crested Saguaro Lane Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 2,001 Sqft ∙ Built 1999 2 beds 2 baths ∙ 2,001 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.47
    •  
  • 32427 N 71st Way Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,723 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,723 Sqft ∙ Built 1995
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.45
    •  
  • 33672 N 71st Way Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 2,084 Sqft ∙ Built 1995 2 beds 2 baths ∙ 2,084 Sqft ∙ Built 1995
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.44
    •  
  • 33412 N 69th Place Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,955 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,955 Sqft ∙ Built 1995
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.64
    •  
  • 7499 E Quien Sabe Way Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,998 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,998 Sqft ∙ Built 1999
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.90
    •  
PROPERTY LISTING DETAILS
Kaye Hert
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165012
Last Updated: 11/27/2020
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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