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7706 E Fledgling Drive Scottsdale, AZ 85255

2 Beds 3 Baths 2,616 sqft Built 1999

$779,000

List Price

$4,060

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $297.78
  • 4 Days on Market
  • MLS # : 6175735
  • Updated Date : 01/01/2021 at 20:47
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,616 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

BEAUTIFUL HOME IN GRAYHAWK! 2 bedrooms + den (which could be converted into 3rd bedroom), 2.5 bath. Open floor plan, split bedrooms. Hand-stained cabinets (not painted) throughout. 18'' Travertine tile. The kitchen features slab granite counter tops, kitchen island and breakfast bar area and opens to the large great room with formal dining area and cozy gas fireplace. Sliding patio doors off the kitchen and master bedroom lead out to private Pebble Tec pool and elevated spa seat with in-floor cleaning system. 2-car garage with cabinets, overhead storage racks and epoxy floor. 24-hr guard-gated community. Large heated community pool/spa, tennis court and walking paths. GREAT location with upscale restaurants, shopping and golf courses close by! Furnishings INCLUDED in sale of home.

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
 

$701,100$856,900$779,000

PURCHASE PRICE

$3,654$4,466$4,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,060
EXPENSES Loan Payment -$2,874
Property Tax -$580
Property Insurance -$78
HOA -$60
Property Management Fees -$99
CASH FLOW
$369

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.

$779,000

PROJECTED PRICE

$4,060

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$212,185

INVESTMENT

$212,185

Down Payment
$194,750
Rehab Estimate
$5,750
Closing Costs
$11,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $194,750
Loan Amount $584,250
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$92,393

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
  • $3,331

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$3,0504$3,350
$3,350
RENT COMPS ANALYSIS
  • 7706 E Fledgling Drive Scottsdale, AZ 1
    • 2 beds 3 baths ∙ 2,616 Sqft ∙ Built 1999 2 beds 3 baths ∙ 2,616 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20802 N Grayhawk Drive #1075 Scottsdale, AZ 2
    • 2 beds 3 baths ∙ 2,267 Sqft ∙ Built 1997 2 beds 3 baths ∙ 2,267 Sqft ∙ Built 1997
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.10
    •  
  • 23378 N 73rd Way Scottsdale, AZ 3
    • 2 beds 3 baths ∙ 2,353 Sqft ∙ Built 2018 2 beds 3 baths ∙ 2,353 Sqft ∙ Built 2018
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.30
    •  
  • 8276 E Mohawk Lane Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 2,366 Sqft ∙ Built 1996 2 beds 2 baths ∙ 2,366 Sqft ∙ Built 1996
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.42
    •  
PROPERTY LISTING DETAILS
Teri Starsiak
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175735
Last Updated: 01/01/2021
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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