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7858 E Las Piedras Way Scottsdale, AZ 85266

4 Beds 3 Baths 3,051 sqft Built 1997

$790,000

List Price

$4,080

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $258.93
  • 4 Days on Market
  • MLS # : 6165664
  • Updated Date : 12/03/2020 at 06:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,051 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Beautiful Acre plus property in a highly desirable North Scottsdale location with amazing Arizona desert views. Very private single story home with soaring 12 ft. ceilings and lots of natural lights.From the privacy of a split bedroom floor plan, to the beautiful gourmet kitchen with new gas stove and oven/microwave combo unit just perfect for those desert evenings when you want to entertain. Enjoy the outdoor fireplace and self-cleaning pool with waterfall. Recently remodeled features include new quartz countertops in the master bedroom and new carpet flooring. Wonderful Must See Home in Picturesque North Scottsdale Location.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Las Piedras

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $122k822k

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

Neighborhood: Las Piedras

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453806

* 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
Lone Mountain Elementary School Primary Regular 589 31 9
Lone Mountain Elementary School Middle Regular 589 31 9
Cactus Shadows High School High Regular 1,704 70 8

Lone Mountain Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 31
9
GreatSchools Rating

Lone Mountain Elementary School

  • Education Level: Middle
  • # of students: 589
  • # of teachers: 31
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$711,000$869,000$790,000

PURCHASE PRICE

$3,672$4,488$4,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,080
EXPENSES Loan Payment -$2,915
Property Tax -$379
Property Insurance -$87
HOA -$13
Property Management Fees -$99
CASH FLOW
$588

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.

$790,000

PROJECTED PRICE

$4,080

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k

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$215,100

INVESTMENT

$215,100

Down Payment
$197,500
Rehab Estimate
$5,750
Closing Costs
$11,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,915

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $197,500
Loan Amount $592,500
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$125,813

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
  • $4,310

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3003$3,5004$3,7005$6,000
$6,000
RENT COMPS ANALYSIS
  • 7858 E Las Piedras Way Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,051 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,051 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7558 E Visao Drive Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 2,719 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,719 Sqft ∙ Built 1999
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.21
    •  
  • 7314 E Brisa Drive Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 2,719 Sqft ∙ Built 2001 3 beds 4 baths ∙ 2,719 Sqft ∙ Built 2001
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.29
    •  
  • 7890 E Las Piedras Way Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,133 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,133 Sqft ∙ Built 1998
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.18
    •  
  • 7546 E Visao Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998 3 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.97
    •  
PROPERTY LISTING DETAILS
Scott Marlow
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165664
Last Updated: 12/03/2020
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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