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7500 E Boulders Parkway #69 Scottsdale, AZ 85266

2 Beds 3 Baths 2,024 sqft Built 1989

$875,000

List Price

$3,120

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $432.31
  • 2 Days on Market
  • MLS # : 6160522
  • Updated Date : 11/13/2020 at 20:52
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,024 sqft
  • Baths : 2 full , 1 half
Listing Agent

Trelora Realty

Listing Agent's Description

Do not miss your opportunity to tour this completely remodeled home located on the South Course 11th fairway of the gated, highly desirable Fifth Green in the Boulders community! No expense was spared and the attention to detail and quality are clearly evident from the moment you enter. Upgrades include flooring, major systems, appliances, countertops, interior/exterior paint, bathrooms, kitchen, backyard and more. The multitude of windows allow for ample natural light in every room. Breathtaking golf course and mountain views! The community is home to multiple highly rated golf courses, spa, tennis courts, and walking trails. Perfectly located near fine dining, shopping, entertainment options, and hiking trails in the surrounding mountain ranges. Golf membership and golf cart available.

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
 

$787,500$962,500$875,000

PURCHASE PRICE

$2,808$3,432$3,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,120
EXPENSES Loan Payment -$3,228
Property Tax -$409
Property Insurance -$67
HOA -$75
Property Management Fees -$99
CASH FLOW
-$758

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.

$875,000

PROJECTED PRICE

$3,120

PROJECTED RENT

0.36%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$8,828

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,120

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $2,910

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,7003$3,0004$3,1205$3,200
$3,200
RENT COMPS ANALYSIS
  • 7500 E Boulders Parkway #69 Scottsdale, AZ 4
    • 2 beds 3 baths ∙ 2,024 Sqft ∙ Built 1989 2 beds 3 baths ∙ 2,024 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,120
    • $1.54
    •  
  • 7371 E Sunset Sky Circle Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,734 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,734 Sqft ∙ Built 1999
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.36
    •  
  • 8400 E Smokehouse Trail Scottsdale, AZ 2
    • 2 beds 3 baths ∙ 2,060 Sqft ∙ Built 1982 2 beds 3 baths ∙ 2,060 Sqft ∙ Built 1982
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.31
    •  
  • 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
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.44
    •  
  • 33412 N 69th Place Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,955 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,955 Sqft ∙ Built 1995
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.64
    •  
PROPERTY LISTING DETAILS
Roderick D Ward
Trelora Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160522
Last Updated: 11/13/2020
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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