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7525 E Gainey Ranch Road #122 Scottsdale, AZ 85258

2 Beds 2 Baths 2,047 sqft Built 1992

$749,500

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $366.15
  • 2 Days on Market
  • MLS # : 6165493
  • Updated Date : 11/28/2020 at 04:28
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,047 sqft
  • Baths : 2 full
Listing Agent

Schilling Fine Homes

Listing Agent's Description

WALK INTO LOVELY PVT COURTYARD TO FRONT DOOR ENTRY-ENTER INTO SPACIOUS&BRIGHT OPEN SINGLE LEVEL FLOOR PLAN --LIVING AREA W GAS FIREPLACE-LARGE DINING AREA -WALL OF WINDOWS MAKE ROOMS LIGHT & BRIGHT-KITCHEN FEATURES GAS STOVE-QUARTZ COUNTERS-BREAKFAST BAR -PLENTY OF CABINETS FOR EXTRA STORAGE -EAT IN AREA -LOOKS OUT TO SUNNY FAMILY ROOM W ACCESS OUT TO YOUR PRIVATE PATIO -GREAT ENTERTAINMENT HOME! OVERSIZED MASTER SUITE W ACCESS TO HEATED IN GROUND SPA-FULL MASTER BATH W DBLSINKS-SEP TUB SHOWER-PLUS WALK IN CLOSET-DEN/OFFICE AREA COULD BE A 3RD BEDROOM-SPLIT GUEST ROOM W GUEST BATH-W TUB/SHOWER -SEP LAUNDRY ROOM - DIRECT ACCESS INTO HOME FROM 2CGARAGE-BUILT IN CABINETS-WALKING DISTANCE TO RESORT STYLE COMM POOL-24 HR GUARD GATED COMM -TENNIS & PICKLE BALL -NEW CLUBHOUSE COMING IN 2021

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Greens at Gainey Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k768k

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

Neighborhood: The Greens at Gainey Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453532

* 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
Cochise Elementary School Primary Regular 579 33 10
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cochise Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 33
10
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$674,550$824,450$749,500

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$2,765
Property Tax -$410
Property Insurance -$67
HOA -$471
Property Management Fees -$99
CASH FLOW
-$383

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.

$749,500

PROJECTED PRICE

$3,430

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,368

INVESTMENT

$204,368

Down Payment
$187,375
Rehab Estimate
$5,750
Closing Costs
$11,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,765

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,375
Loan Amount $562,125
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$17,241

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
  • $3,137

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,7504$2,9005$3,200
$3,200
RENT COMPS ANALYSIS
  • 7525 E Gainey Ranch Road #122 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 2,047 Sqft ∙ Built 1992 2 beds 2 baths ∙ 2,047 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7740 E Gainey Ranch Road #46 Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,785 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,785 Sqft ∙ Built 1989
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.51
    •  
  • 7760 E Gainey Ranch Road #24 Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,868 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,868 Sqft ∙ Built 1985
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.47
    •  
  • 10937 N 78th Street Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,998 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,998 Sqft ∙ Built 1984
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.45
    •  
  • 7400 E Gainey Club Drive #222 Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,880 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,880 Sqft ∙ Built 1993
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.70
    •  
PROPERTY LISTING DETAILS
Dee T Bloom
Schilling Fine Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165493
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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