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8330 E Wing Shadow Road Scottsdale, AZ 85255

4 Beds 5 Baths 5,072 sqft Built 2004

$1,795,000

List Price

$8,280

$8K - $8.5K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $353.90
  • 1 Days on Market
  • MLS # : 6179253
  • Updated Date : 01/10/2021 at 03:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 5,072 sqft
  • Baths : 4 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Gorgeous single level Camelot home in Premier neighborhood, FIRENZE. Beautifully maintained gated mission style home with oversized split master, chefs kitchen, beamed ceilings, all situated on over 1/3 acre lot w/ north south exposure and in a clu de sac. Fresh paint, separate casita upstairs with entry from inside or out. Outdoor kitchen, fireplace, pool and spa

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
 

$1,615,500$1,974,500$1,795,000

PURCHASE PRICE

$7,452$9,108$8,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $8,280
EXPENSES Loan Payment -$6,235
Property Tax -$1,336
Property Insurance -$126
HOA -$119
Property Management Fees -$99
CASH FLOW
$365

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.

$1,795,000

PROJECTED PRICE

$8,280

PROJECTED RENT

0.46%

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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$20k$40k$60k$80k

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$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$481,425

INVESTMENT

$481,425

Down Payment
$448,750
Rehab Estimate
$5,750
Closing Costs
$26,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,235

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $448,750
Loan Amount $1,346,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$132,340

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
  • $7,557

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$7,1003$8,000
$8,000
RENT COMPS ANALYSIS
  • 8330 E Wing Shadow Road Scottsdale, AZ 1
    • 4 beds 5 baths ∙ 5,072 Sqft ∙ Built 2004 4 beds 5 baths ∙ 5,072 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8008 E Whistling Wind Way Scottsdale, AZ 2
    • 5 beds 6 baths ∙ 5,001 Sqft ∙ Built 2003 5 beds 6 baths ∙ 5,001 Sqft ∙ Built 2003
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $7,100
    • $1.42
    •  
  • 9222 E Rimrock Drive Scottsdale, AZ 3
    • 5 beds 6 baths ∙ 5,139 Sqft ∙ Built 1995 5 beds 6 baths ∙ 5,139 Sqft ∙ Built 1995
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $8,000
    • $1.56
    •  
PROPERTY LISTING DETAILS
Roger A Malcolm
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179253
Last Updated: 01/10/2021
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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