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7705 E Doubletree Ranch Road #1 Scottsdale, AZ 85258

2 Beds 3 Baths 2,645 sqft Built 1994

$799,990

List Price

$4,070

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $302.45
  • 2 Days on Market
  • MLS # : 6176286
  • Updated Date : 01/03/2021 at 03:09
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,645 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jason Mitchell Real Estate

Listing Agent's Description

GOLF COURSE LOT ON THE 7TH GREEN OF GAINEY RANCH'S PRIVATE GOLF COURSE! QUIET GATED COMMUNITY WITH THE MOST LUXURIOUS AMENITIES TO OFFER. GYM, SPA, COMMUNITY RECREATIONAL CENTER & RESTAURANTS. HOME BOASTS BRIGHT AND OPEN FLOOR PLAN WITH HIGH CEILINGS. OPEN KITCHEN CONCEPT WITH STAINLESS STEEL APPLIANCES, GRANITE COUNTER TOPS, A 2 WAY FIRE PLACE, AND PLANTATION SHUTTERS THROUGHOUT. TWO MASTER SUITES!! ADDITIONAL ROOM COULD BE USED AS A BEDROOM. WALK OUT TO A GARDEN OF LUSH LANDSCAPING AND SOOTHING WATER FEATURE AND SIT ON A GORGEOUS PATIO AND LOOK AT THE AMAZING VIEWS OF THE COURSE.

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PRICE & RENT TRENDS

Neighborhood: Gainey Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k664k

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

Neighborhood: Gainey Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454689

* 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
Cochise Elementary School Primary Regular 579 33 10
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cochise Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 33
10
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$719,991$879,989$799,990

PURCHASE PRICE

$3,663$4,477$4,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,070
EXPENSES Loan Payment -$2,952
Property Tax -$541
Property Insurance -$77
HOA -$468
Property Management Fees -$99
CASH FLOW
-$66

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.

$799,990

PROJECTED PRICE

$4,070

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.7%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$217,747

INVESTMENT

$217,747

Down Payment
$199,998
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,998
Loan Amount $599,993
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$42,635

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
  • $3,557

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1503$3,2004$3,8955$3,995
$3,995
RENT COMPS ANALYSIS
  • 7705 E Doubletree Ranch Road #1 Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,541 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,541 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7236 E El Caminito Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,626 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,626 Sqft ∙ Built 1984
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.20
    •  
  • 8624 N Timberlane Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,481 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,481 Sqft ∙ Built 1979
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.29
    •  
  • 8330 N 82nd Place Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,668 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,668 Sqft ∙ Built 1979
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.46
    •  
  • 8108 E Del Joya Drive Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1979
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.65
    •  
PROPERTY LISTING DETAILS
James Wexler
Jason Mitchell Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176286
Last Updated: 01/03/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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