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7514 E Wingspan Way Scottsdale, AZ 85255

3 Beds 2 Baths 1,822 sqft Built 1996

$585,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $321.08
  • 3 Days on Market
  • MLS # : 6167684
  • Updated Date : 12/04/2020 at 15:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,822 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Turnkey remodeled contemporary single level 3BR/2BA TW Lewis build nestled in Grayhawk! Home boasts cathedral ceilings, neutral color pallet, 2 living spaces, fully remodeled kitchen with quartz countertops and butcher block island, natural stone in main living areas, laminate in all Bedrooms *NO Carpet*. Primary bedroom with en-suite bath remodeled in 2019 to feature large walk in shower. Outside is an entertainer's dream: sparkling pebble-tec pool, no maintenance turf, large pergola, and hot tub. All appliances including 2 full size refrigerators to convey. Located across from greenbelt, walking distance to restaurants, multiple play areas in neighborhood and close to the 101. You won't want to miss the opportunity!

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
 

$526,500$643,500$585,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,158
Property Tax -$435
Property Insurance -$63
HOA -$22
Property Management Fees -$99
CASH FLOW
-$377

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.

$585,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$160,775

INVESTMENT

$160,775

Down Payment
$146,250
Rehab Estimate
$5,750
Closing Costs
$8,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $146,250
Loan Amount $438,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$10,983

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
  • $2,537

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$2,3994$2,7005$2,800
$2,800
RENT COMPS ANALYSIS
  • 7514 E Wingspan Way Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7500 E Deer Valley Road #31 Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,823 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,823 Sqft ∙ Built 2000
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.31
    •  
  • 7638 E Via Del Sol Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1999
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $1.34
    •  
  • 20427 N 78th Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1998
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.43
    •  
  • 21559 N 74th Way Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1996
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.49
    •  
PROPERTY LISTING DETAILS
Lindsey Achterfeldt
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167684
Last Updated: 12/04/2020
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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