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7500 E Deer Valley Road #149 Scottsdale, AZ 85255

4 Beds 3 Baths 2,371 sqft Built 2000

$429,990

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $181.35
  • 2 Days on Market
  • MLS # : 6164384
  • Updated Date : 11/28/2020 at 13:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,371 sqft
  • Baths : 2 full , 1 half
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

You will not want to miss this beauty in the highly sought after Arizona Silverado subdivision. This stunning home boasts 4 full bedrooms, 2.5 bathrooms in a cul de sac=, and an open flowing floorpan. 2 car garage with great walking paths all thru the neigborhoods - just north of grayhawk areas and golf course =close to shopping and 2 miles north of the scottsdale 101 freeway

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hermosa Heights

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k793k

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

Neighborhood: Hermosa Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454071

* 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
Pinnacle Peak Elementary School Primary Regular 610 31 9
Pinnacle Peak Elementary School Middle Regular 610 31 9
Pinnacle High School High Regular 2,443 96 8

Pinnacle Peak Elementary School

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 31
9
GreatSchools Rating

Pinnacle Peak Elementary School

  • Education Level: Middle
  • # of students: 610
  • # of teachers: 31
9
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$386,991$472,989$429,990

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,586
Property Tax -$320
Property Insurance -$73
HOA -$70
Property Management Fees -$99
CASH FLOW
$231

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$429,990

PROJECTED PRICE

$2,380

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,697

INVESTMENT

$119,697

Down Payment
$107,498
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,498
Loan Amount $322,493
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$50,897

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
  • $2,377

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1283$2,1504$2,3005$2,899
$2,899
RENT COMPS ANALYSIS
  • 7500 E Deer Valley Road #149 Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7500 E Deer Valley Road #18 Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2000
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,128
    • $0.90
    •  
  • 7500 E Deer Valley Road #167 Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2000
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.91
    •  
  • 7500 E Deer Valley Road #124 Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2000
    property image
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.97
    •  
  • 22324 N 76th Place Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,366 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,366 Sqft ∙ Built 1999
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,899
    • $1.23
    •  
PROPERTY LISTING DETAILS
Robert Highsmith
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164384
Last Updated: 11/28/2020
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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