Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7606 E Via Del Sol Drive Scottsdale, AZ 85255

2 Beds 2 Baths 1,795 sqft Built 1999

$515,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $286.91
  • 3 Days on Market
  • MLS # : 6174531
  • Updated Date : 12/25/2020 at 11:57
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,795 sqft
  • Baths : 2 full
Listing Agent

Cpa Advantage Realty, Llc

Listing Agent's Description

Fantastic Scottsdale location! New paint inside and out plus a brand new AC unit. Large great room with an open office at the front of the house. Large master bedroom with french doors to the extended covered patio. Wall of glass with double sliding patio doors off the Dining area allows for extended entertaining area for much of the year in Arizona. Second bedroom across from the hall bath. Garage has a window for natural light. Come see it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonoran Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k661k

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

Neighborhood: Sonoran Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453470

* 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
 

$463,500$566,500$515,000

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 -$1,900
Property Tax -$383
Property Insurance -$62
HOA -$13
Property Management Fees -$99
CASH FLOW
-$78

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.

$515,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
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-$5.0k$0.0$5.0k$10k$15k$20k

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$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$27,936

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
  • $2,387

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,0004$2,3505$2,395
$2,395
RENT COMPS ANALYSIS
  • 7606 E Via Del Sol Drive Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,795 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,795 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7650 E Williams Drive #1074 Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,523 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,523 Sqft ∙ Built 1998
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.28
    •  
  • 7650 E Williams Drive #1038 Scottsdale, AZ 3
    • 2 beds 3 baths ∙ 1,473 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,473 Sqft ∙ Built 1998
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.36
    •  
  • 20750 N 87th Street #1060 Scottsdale, AZ 4
    • 2 beds 3 baths ∙ 1,725 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,725 Sqft ∙ Built 2006
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.36
    •  
  • 23880 N 73rd Place Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,817 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,817 Sqft ∙ Built 1992
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.32
    •  
PROPERTY LISTING DETAILS
David Burnett
Cpa Advantage Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174531
Last Updated: 12/25/2020
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.

BESbswy