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7619 E Charter Oak Road Scottsdale, AZ 85260

5 Beds 3 Baths 3,587 sqft Built 1983

$1,099,900

List Price

$4,720

$4.5K - $5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $306.64
  • 3 Days on Market
  • MLS # : 6201371
  • Updated Date : 03/06/2021 at 22:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,587 sqft
  • Baths : 3 full
Listing Agent

Gns Realty- Az, Llc

Listing Agent's Description

1st Showing Open house 3/7, 12-4pm -Gorgeous Designer Remodel and Addition Just Completed! 5bedrooms/3 baths in this 3587 sq ft home! Amazing center of town neighborhood near tons of parks and the 101 expressway. Home features: 25 ft ceilings throughout Living Room/Dining Room/Family room, Handscraped hardwood floors throughout, Stunning Master suite with separate sitting area/Marble bath with Free standing tub/custom cabinetry/Italian faucets, 2 other custom baths with distinctive tile work, seamless shower doors, and custom cabinetry. All new smooth stucco/paint/custom garage door/pavers in driveway/landscaping and Brand NEW roof, Great cook's kitchen with Stainless steel appliances/granite/custom cabinetry. Salt water, heated pebbletec pool and amazing yard complete this home. Call NOW

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Buenavante

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k644k

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

Neighborhood: Buenavante

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453269

* 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
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8
Desert Shadows Middle School Middle Unknown NA

Desert Shadows Middle School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 34
9
GreatSchools Rating

Horizon High School

  • Education Level: High
  • # of students: 2,262
  • # of teachers: 86
8
GreatSchools Rating

Desert Shadows Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$989,910$1,209,890$1,099,900

PURCHASE PRICE

$4,248$5,192$4,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,720
EXPENSES Loan Payment -$3,820
Property Tax -$819
Property Insurance -$97
Property Management Fees -$99
CASH FLOW
-$115

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.

$1,099,900

PROJECTED PRICE

$4,720

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.4%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,224

INVESTMENT

$297,224

Down Payment
$274,975
Rehab Estimate
$5,750
Closing Costs
$16,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,820

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $274,975
Loan Amount $824,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$51,984

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
  • $5,354

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,0003$5,0004$5,5005$6,000
$6,000
RENT COMPS ANALYSIS
  • 7619 E Charter Oak Road Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 3,587 Sqft ∙ Built 1983 5 beds 3 baths ∙ 3,587 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10811 N Miller Road Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,500 Sqft ∙ Built 1970 4 beds 3 baths ∙ 3,500 Sqft ∙ Built 1970
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.43
    •  
  • 7855 E Desert Cove Avenue Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 1997
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.43
    •  
  • 12537 N 76th Place Scottsdale, AZ 4
    • 5 beds 4 baths ∙ 3,500 Sqft ∙ Built 1985 5 beds 4 baths ∙ 3,500 Sqft ∙ Built 1985
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.57
    •  
  • 8396 E Sunnyside Drive Scottsdale, AZ 5
    • 5 beds 5 baths ∙ 3,900 Sqft ∙ Built 1993 5 beds 5 baths ∙ 3,900 Sqft ∙ Built 1993
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.54
    •  
PROPERTY LISTING DETAILS
Scott Graden
Gns Realty- Az, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201371
Last Updated: 03/06/2021
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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