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7541 E Woodshire Cove Scottsdale, AZ 85258

3 Beds 3 Baths 2,575 sqft Built 1979

$725,000

List Price

$3,460

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $281.55
  • 2 Days on Market
  • MLS # : 6186299
  • Updated Date : 01/30/2021 at 23:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,575 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Don't miss this opportunity to live in the hidden-gem community of Carriage Square at Gainey. This charming community is nestled in between Gainey Ranch and Paradise Valley Farms, within walking or biking distance of shops, dining, the green belt, golf, and the Hyatt at Gainey Ranch.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eastwood

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k658k

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

Neighborhood: Eastwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453313

* 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
 

$652,500$797,500$725,000

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$2,518
Property Tax -$339
Property Insurance -$77
HOA -$42
Property Management Fees -$99
CASH FLOW
$384

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.

$725,000

PROJECTED PRICE

$3,460

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$80,321

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,460

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $3,708

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$3,150
1$3,1502$3,2003$3,4604$3,9955$4,000
$4,000
RENT COMPS ANALYSIS
  • 7541 E Woodshire Cove Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,575 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,575 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,460
    • $1.34
    •  
  • 7236 E El Caminito Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,626 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,626 Sqft ∙ Built 1984
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.20
    •  
  • 8624 N Timberlane Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,481 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,481 Sqft ∙ Built 1979
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.29
    •  
  • 8108 E Del Joya Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1979
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.65
    •  
  • 8030 E Via Sierra -- Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,471 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,471 Sqft ∙ Built 1979
    property image
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.62
    •  
PROPERTY LISTING DETAILS
Chris Carter-kent
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186299
Last Updated: 01/30/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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