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7535 E Desert Vista Road Scottsdale, AZ 85255

3 Beds 2 Baths 1,791 sqft Built 1997

INVESTimate

$550,000

List Price

$2,280

$2,052 - $2,508

Rent Est.

$563,420  ( +2.44%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $307.09
  • 7 Days on Market
  • MLS # : 6106201
  • Updated Date : 08/22/2020 at 11:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,791 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Upgraded home with pool. Kitchen with an lsland and stainless steel appliances. Home is being refreshed with paint and updating touches. Private pool to stay cool on these hot days.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pinnacle Reserve

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k482k

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

Neighborhood: Pinnacle Reserve

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$2,029
Property Tax -$409
Property Insurance -$62
HOA -$30
Property Management Fees -$99
CASH FLOW
-$350

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.

$550,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.44%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$10,543

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $2,310

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1503$2,2004$2,2805$2,650
$2,650
RENT COMPS ANALYSIS
  • 7535 E Desert Vista Road Scottsdale, 4
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.27
    •  
  • 7393 E Hanover Way Scottsdale, 1
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1994
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.21
    •  
  • 7260 E Softwind Drive Scottsdale, 2
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1993
    property image
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.32
    •  
  • 24649 N 75th Way Scottsdale, 3
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1997
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.23
    •  
  • 7325 E Desert Vista Road Scottsdale, 5
    • 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 1997
    property image
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.40
    •  
PROPERTY LISTING DETAILS
Lois E Zapernick
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6106201
Last Updated: 08/22/2020
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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