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7500 E Boulders Parkway #51 Scottsdale, AZ 85266

3 Beds 4 Baths 2,113 sqft Built 1992

$925,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $437.77
  • 1 Days on Market
  • MLS # : 6176488
  • Updated Date : 01/03/2021 at 01:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,113 sqft
  • Baths : 4 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Renovated in 2020, this contemporary styled home has an open great room, soaring ceilings and walls of windows. The kitchen redesign includes Calacatta Gold marble counters and luxe fixtures. The two downstairs owners suites and bonus upstairs suite are separate for peace and quiet. Polished Travertine throughout, new owner bath, roof, paint, epoxied garage and more! Next to preserved land for privacy, and with artificial turf 3-hole putting green with 10-yard chipping pad, bbq, misting system and pool/spa steps away, the outdoors is as inviting as the indoors. Community amenities include golf, tennis, dining and spa services on a pay per use basis, or become a Boulders member. The home has a generous history of luxury rental income. It is also a perfect lock and leave for seasonal owners

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fifth Green

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k733k

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

Neighborhood: Fifth Green

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453455

* 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
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$3,413
Property Tax -$432
Property Insurance -$68
HOA -$70
Property Management Fees -$99
CASH FLOW
-$922

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.

$925,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) -2.0%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,413

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$5,489

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
  • $3,133

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4503$2,8004$3,2005$3,600
$3,600
RENT COMPS ANALYSIS
  • 7500 E Boulders Parkway #51 Scottsdale, AZ 1
    • 3 beds 4 baths ∙ 2,113 Sqft ∙ Built 1992 3 beds 4 baths ∙ 2,113 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7676 E Balao Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 2000
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.33
    •  
  • 6962 E Hibiscus Way Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 1995
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.47
    •  
  • 7500 E Boulders Parkway #49 Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 1989
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.58
    •  
  • 6097 E Brilliant Sky Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,329 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,329 Sqft ∙ Built 1996
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.55
    •  
PROPERTY LISTING DETAILS
Judith Feuer Zimet
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176488
Last Updated: 01/03/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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