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

7621 E Via De Lindo Street Scottsdale, AZ 85258

2 Beds 2 Baths 1,623 sqft Built 1977

$699,900

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $431.24
  • 4 Days on Market
  • MLS # : 6195614
  • Updated Date : 02/18/2021 at 00:56
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,623 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

LOCATION! This McCormick Ranch gem shares a street with multi-million dollar homes & is nestled between lakes,championship golf courses,mountains,parks & walking/biking paths that traverse the Scottsdale greenbelt for miles. This home features an open floor plan with 2 bedrooms and 2 bathrooms. Upgrades include wood/tile flooring, new kitchen cabinetry, granite countertops, SS appliances, fresh new paint and a vaulted ceiling in the living room. Spacious backyard with artificial turf & gravel for low maintenance. The neighborhood truly is 1 of a kind! The streets are wide and lined with luscious mature trees & each house has a unique character/charm. Come see it today and make it your home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paseo Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k472k

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

Neighborhood: Paseo Vista

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
Kiva Elementary School Primary Regular 463 29 10
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Kiva Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Mohave Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 48
7
GreatSchools Rating

Saguaro High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 63
7
GreatSchools Rating
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$2,431
Property Tax -$327
Property Insurance -$59
HOA -$2
Property Management Fees -$99
CASH FLOW
-$528

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.

$699,900

PROJECTED PRICE

$2,390

PROJECTED RENT

0.34%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,608

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $2,621

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,3503$2,3904$2,5005$2,750
$2,750
RENT COMPS ANALYSIS
  • 7621 E Via De Lindo Street Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,623 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,623 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.47
    •  
  • 7741 N Pinesview Drive #6 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,490 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,490 Sqft ∙ Built 1980
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.41
    •  
  • 7847 E Spanish Oaks Drive Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,487 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,487 Sqft ∙ Built 1979
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.58
    •  
  • 7786 E Lakeview Court Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,515 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,515 Sqft ∙ Built 1991
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.65
    •  
  • 7781 E Stallion Road Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,514 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,514 Sqft ∙ Built 1993
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.82
    •  
PROPERTY LISTING DETAILS
Ashley Schmitt
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195614
Last Updated: 02/18/2021
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.

BESbswy