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7820 E Belleview Street 
Scottsdale, AZ
85257
3 Beds 2 Baths 1,376 sqft
Built 1958
INVESTimate
$375,000
List Price
$105,125
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PROPERTY INFO
FACTS
- Built In 1958
- Price/Sqft : $272.53
- 2 Days on Market
- MLS # : 6122405
- Updated Date : 08/25/2020 at 15:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,376 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Very charming 3bed/2bath ranch style home with multiple updates including NEW flooring, NEW interior paint, and NEW dual pane windows and much more. This home has been loved and cared for and it shows. The stylish kitchen boasts a breakfast bar overlooking the second living area, the bedrooms are nice sized, the master bedroom has it's own private bathroom. Last but not least the backyard is private, open, has a large covered patio, and a high quality TUFF storage shed. FANTASTIC location close to everything Scottsdale has to offer, parks, schools, Old Town, restaurants, shopping, freeways and so much more. Don't miss your chance on this one. It will not last!
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PRICE & RENT TRENDS
Neighborhood: McDowell Parkway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: McDowell Parkway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$175 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$42
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$375,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 12.92% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
5.42
YEARS SAVED
$25,092
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$1.21
LIST RENT PER SQFT
-
$1,830
COMP ESTIMATED VALUE -
$1.33
COMP AVG. RENT PER SQFT
Comps Range
-
7820 E Belleview Street Scottsdale, 1
- 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1958
- Rent
- Rent Per SQFT
- $1,670
- $1.21
-
7827 E Culver Street Scottsdale, 2
- 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1958
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,700
- $1.10
-
7513 E Moreland Street Scottsdale, 3
- 4 beds 3 baths ∙ 1,456 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,456 Sqft ∙ Built 1959
LEASED 12/08/19- Rent
- Rent Per SQFT
- $1,895
- $1.30
-
7514 E Beatrice Street Scottsdale, 4
- 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1960
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,995
- $1.47
-
7912 E Willetta Street Scottsdale, 5
- 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1958
LEASED 06/27/20- Rent
- Rent Per SQFT
- $1,995
- $1.45
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122405
Last Updated: 08/25/2020
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.
