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7764 E Overlook Drive Scottsdale, AZ 85255

3 Beds 3 Baths 3,103 sqft Built 2000

$1,275,000

List Price

$3,980

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $410.89
  • 3 Days on Market
  • MLS # : 6182737
  • Updated Date : 01/23/2021 at 14:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,103 sqft
  • Baths : 2 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Amazing Executive home behind the 24hr guard gate in Grayhawk's Raptor Retreat. Spectacular North/South location on a cul-de-sac. Home sides NAOS and backs a wash with more NAOS. Resort living with private ramada with built in BBQ. Relax and enjoy the fireplace overlooking the reverse negative edge pool with spa, showcasing an incredibly private backyard. Interior of home delivers right from the charming gated front courtyard to an open great room, split floor plan with hand scraped hardwood floors. On-trend painted solid maple cabinets, granite counters and stainless appliances in the kitchen. Master suite is exquisite! Versailles pattern travertine floors and granite counters. Tastefully updated Jack/Jill bath between the secondary bedrooms also a den with walk in closet. Welcome 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
 

$1,147,500$1,402,500$1,275,000

PURCHASE PRICE

$3,582$4,378$3,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,980
EXPENSES Loan Payment -$4,429
Property Tax -$949
Property Insurance -$88
HOA -$60
Property Management Fees -$99
CASH FLOW
-$1,644

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.

$1,275,000

PROJECTED PRICE

$3,980

PROJECTED RENT

0.31%

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$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$343,625

INVESTMENT

$343,625

Down Payment
$318,750
Rehab Estimate
$5,750
Closing Costs
$19,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,429

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $318,750
Loan Amount $956,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$252

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,980

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $4,026

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,9803$3,9954$4,3005$4,400
$4,400
RENT COMPS ANALYSIS
  • 7764 E Overlook Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 3,103 Sqft ∙ Built 2000 3 beds 3 baths ∙ 3,103 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,980
    • $1.28
    •  
  • 7663 E Candelaria Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 1999
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.16
    •  
  • 21143 N 74th Way Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,440 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,440 Sqft ∙ Built 1997
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.16
    •  
  • 7694 E Manana Drive Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,141 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,141 Sqft ∙ Built 1998
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.37
    •  
  • 7952 E Quill Lane Scottsdale, AZ 5
    • 3 beds 4 baths ∙ 2,930 Sqft ∙ Built 2000 3 beds 4 baths ∙ 2,930 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.50
    •  
PROPERTY LISTING DETAILS
Linda Hilgendorf
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182737
Last Updated: 01/23/2021
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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