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7683 E Tailfeather Drive Scottsdale, AZ 85255

5 Beds 4 Baths 4,481 sqft Built 1998

$899,900

List Price

$4,600

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $200.83
  • 3 Days on Market
  • MLS # : 6166731
  • Updated Date : 12/04/2020 at 14:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,481 sqft
  • Baths : 3 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Amazing 5 Bedroom/3.5 Bath on corner lot next to huge greenbelt in Grayhawk! Double-door entry into Foyer. Largie Living Room with fireplace. Formal Dining Room with wood-beamed ceiling and bonus patio with water/fire feature through French doors. Beautifully Updated Kitchen with high-end finishes and Subzero & Wolf appliances overlooking large Family Room with Wet Bar. Downstairs Bedroom with ensuite Bath. Large loft upstairs, exit to large covered balcony with mountain and greenspace views. Split Bedroom floorplan. Owner's suite with updated Bath, 2-sided fireplace. Incredible backyard includes large covered Patio next to pebble-tec Pool, outdoor Kitchen, seating with firepit and wiring for hot tub. 3-car Garage! See upgrades list!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k549k

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

Neighborhood: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453434

* 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
Grayhawk Elementary School Primary Regular 597 32 10
Grayhawk Elementary School Middle Regular 597 32 10
Pinnacle High School High Regular 2,443 96 8

Grayhawk Elementary School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 32
10
GreatSchools Rating

Grayhawk Elementary School

  • Education Level: Middle
  • # of students: 597
  • # of teachers: 32
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$809,910$989,890$899,900

PURCHASE PRICE

$4,140$5,060$4,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,600
EXPENSES Loan Payment -$3,320
Property Tax -$670
Property Insurance -$114
HOA -$21
Property Management Fees -$99
CASH FLOW
$375

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.

$899,900

PROJECTED PRICE

$4,600

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$10k$20k$30k$40k$50k

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$244,224

INVESTMENT

$244,224

Down Payment
$224,975
Rehab Estimate
$5,750
Closing Costs
$13,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$3,320

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,975
Loan Amount $674,925
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$101,299

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,600

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $5,810

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$4,300
1$4,3002$4,6003$5,2504$7,200
$7,200
RENT COMPS ANALYSIS
  • 7683 E Tailfeather Drive Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 4,481 Sqft ∙ Built 1998 5 beds 4 baths ∙ 4,481 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.03
    •  
  • 9252 E Sands Drive Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 4,199 Sqft ∙ Built 1996 4 beds 4 baths ∙ 4,199 Sqft ∙ Built 1996
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.02
    •  
  • 7895 E Softwind Drive Scottsdale, AZ 3
    • 5 beds 4 baths ∙ 4,278 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,278 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.23
    •  
  • 21390 N 83rd Street Scottsdale, AZ 4
    • 5 beds 4 baths ∙ 4,395 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,395 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,200
    • $1.64
    •  
PROPERTY LISTING DETAILS
Van D. Welborn
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166731
Last Updated: 12/04/2020
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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