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7714 E Sutton Drive Scottsdale, AZ 85260

5 Beds 4 Baths 3,761 sqft Built 2004

$1,495,000

List Price

$4,990

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $397.50
  • 4 Days on Market
  • MLS # : 6195309
  • Updated Date : 02/21/2021 at 01:12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,761 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

NO MORE SHOWINGS AT THIS TIME. Quality. Beauty. Style. Don't miss this custom built Santa Barbara/Montecito styled home on nearly an acre with pool, ramada, hobby shed, sport court and more! Exceptionally well built home with 3761 sf, 3 car garage, 5 beds (2 ensuite) 3.5 baths, separate office and split master. BR 5 doubles as a bonus room which opens to patio through French Doors. Great room floorplan. No interior steps. Exceptional finishes and fixtures - including many antique lighting fixtures restored by the owner. Chef's kitchen features gas cooking, custom cabinetry, and concrete countertops with specialty finish. Amazing custom crafted Butler's pantry.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k570k

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

Neighborhood: Paradise Valley Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453016

* 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
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8
Desert Shadows Middle School Middle Unknown NA

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

Desert Shadows Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$1,345,500$1,644,500$1,495,000

PURCHASE PRICE

$4,491$5,489$4,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,990
EXPENSES Loan Payment -$5,193
Property Tax -$1,113
Property Insurance -$100
Property Management Fees -$99
CASH FLOW
-$1,515

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.

$1,495,000

PROJECTED PRICE

$4,990

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
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$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$401,925

INVESTMENT

$401,925

Down Payment
$373,750
Rehab Estimate
$5,750
Closing Costs
$22,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$5,193

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $373,750
Loan Amount $1,121,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,570

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,990

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $5,303

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$4,990
1$4,9902$5,0003$5,0004$6,000
$6,000
RENT COMPS ANALYSIS
  • 7714 E Sutton Drive Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 3,761 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,761 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $4,990
    • $1.33
    •  
  • 7855 E Desert Cove Avenue Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 1997
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.43
    •  
  • 8732 E Sharon Drive Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 3,969 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,969 Sqft ∙ Built 1997
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.26
    •  
  • 8396 E Sunnyside Drive Scottsdale, AZ 4
    • 5 beds 5 baths ∙ 3,900 Sqft ∙ Built 1993 5 beds 5 baths ∙ 3,900 Sqft ∙ Built 1993
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.54
    •  
PROPERTY LISTING DETAILS
Karen Santaella
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195309
Last Updated: 02/21/2021
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.

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