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7678 E Windrose Drive Scottsdale, AZ 85260

4 Beds 3 Baths 3,022 sqft Built 1985

$799,000

List Price

$3,370

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $264.39
  • 5 Days on Market
  • MLS # : 6166482
  • Updated Date : 12/05/2020 at 13:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,022 sqft
  • Baths : 3 full
Listing Agent

Realty Executives

Listing Agent's Description

4-bedroom home with 3 full baths, a 3-car garage, a pool, and new flooring and paint on a large lot in the Sweetwater area of Scottsdale. No HOA. This home is close to the best shopping and dining in the Metro area. NO SHOWINGS UNTIL THURSDAY 12/3.

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
Sonoran Sky Elementary School Primary Regular 715 37 9
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Sonoran Sky Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 37
9
GreatSchools Rating

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
 

$719,100$878,900$799,000

PURCHASE PRICE

$3,033$3,707$3,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$2,948
Property Tax -$595
Property Insurance -$86
Property Management Fees -$99
CASH FLOW
-$358

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.

$799,000

PROJECTED PRICE

$3,370

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$25,112

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,370

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $3,392

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,3703$3,5004$3,7955$3,800
$3,800
RENT COMPS ANALYSIS
  • 7678 E Windrose Drive Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,022 Sqft ∙ Built 1985 4 beds 3 baths ∙ 3,022 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,370
    • $1.12
    •  
  • 12624 N 72nd Place Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,162 Sqft ∙ Built 1980 4 beds 3 baths ∙ 3,162 Sqft ∙ Built 1980
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.89
    •  
  • 12617 N 71st Street Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,016 Sqft ∙ Built 1973 4 beds 3 baths ∙ 3,016 Sqft ∙ Built 1973
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.16
    •  
  • 12018 N Hayden Road Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,205 Sqft ∙ Built 1971 4 beds 4 baths ∙ 3,205 Sqft ∙ Built 1971
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $1.18
    •  
  • 8313 E Davenport Drive Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 1980 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 1980
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.26
    •  
PROPERTY LISTING DETAILS
Craig Eaton
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166482
Last Updated: 12/05/2020
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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