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7725 E Palm Lane E Scottsdale, AZ 85257

4 Beds 2 Baths 2,068 sqft Built 1970

$529,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $255.80
  • 3 Days on Market
  • MLS # : 6167233
  • Updated Date : 12/19/2020 at 12:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,068 sqft
  • Baths : 2 full
Listing Agent

Arrowpoint Realty, Inc.

Listing Agent's Description

Fabulous location! Discover a hidden oasis in this well-established neighborhood! This charming 4 bed, 2 bath home, nestled in a quiet cul-de-sac, is a rare opportunity as these do not come up for sale often. The biggest lot in the subdivision. New A/C installed 2020. Downstairs master bedroom was expanded with a huge extended master bathroom and separate exit to the swimming pool. Upstairs offers 3 generous sized bedrooms -2 have walk-in closets. This home boasts tons of storage. The family room has high, beamed ceilings and a wood burning fireplace, with large windows from the family room to the kitchen that let in an abundance of light with a great view of the backyard, leading to the gorgeous well maintained pool. The large pool is perfectly situated to enjoy several outdoor sitting ar

SEE MORE

PRICE & RENT TRENDS

Neighborhood: El Dorado Hermosa

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: El Dorado Hermosa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Pima Elementary School Primary Regular 565 34 8
Coronado High School High Regular 1,039 61 2

Pima Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 34
8
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating
 

$476,100$581,900$529,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,952
Property Tax -$247
Property Insurance -$68
HOA -$80
Property Management Fees -$99
CASH FLOW
-$26

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.

$529,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.6%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$145,935

INVESTMENT

$145,935

Down Payment
$132,250
Rehab Estimate
$5,750
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$34,841

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,580

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,4004$2,4205$2,800
$2,800
RENT COMPS ANALYSIS
  • 7725 E Palm Lane E Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.17
    •  
  • 7831 E Beatrice Street Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 1,870 Sqft ∙ Built 1963 5 beds 3 baths ∙ 1,870 Sqft ∙ Built 1963
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.18
    •  
  • 2220 N 82nd Street Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 1961
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.14
    •  
  • 8209 E Sheridan Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1959
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.21
    •  
  • 8117 E Lewis Avenue Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 1,921 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,921 Sqft ∙ Built 1961
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.46
    •  
PROPERTY LISTING DETAILS
Marie Roberts
Arrowpoint Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167233
Last Updated: 12/19/2020
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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