Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$695,000

For Sale - Active
7307 E Black Rock Rd, Scottsdale, AZ 85255
3 Beds
2 Baths
1,547 Square Feet
0.16 Acres Lot
Built in 1993
For Sale - Active
Units n/a
Checked: 5 hours ago
Updated: May 30, 2025 at 03:51AM

Investment Summary


Monthly Cash Flow
-$1,496
Cap Rate
3.1%
Cash-on-Cash Return
-11.2%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-6.9%

Property Description


0.16 Acres Lot
Built in 1993
For Sale - Active
Units n/a

Welcome to this beautiful single level home in the highly desirable gated North Scottsdale community of Los Portones. As you enter the home, you are greeted with rich travertine flooring, warm interior paint, vaulted ceilings, plantation shutters, and a comfortable and open great room. The chef's kitchen has a large island, RO system, stainless steel appliances, and timeless Corian countertops. The expansive master bedroom opens to the updated master bathroom with walk in shower, oversized bathtub, and walk in closet. The backyard offers everything you would need to enjoy the amazing outdoor living environment that Arizona has to offer. From the refreshing heated pool with water feature, putting green, and outdoor fireplace, to the oversized covered patio, built in BBQ, and ample room to enjoy your very own gorgeous Arizona sunsets! Welcome to your next Home Sweet Home!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Electric Door Opener
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Ladera
  • HOA Fee: $114/quarterly
  • Additional Association: Los Portones
  • Additional HOA Fee: $176/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 21205455
  • Lot Size: 6886 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1993

Tax Information

  • Annual Tax: $3,519

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Maricopa

Listing Details


Listed by:
Rick Harris
Realty Executives
(602) 363-5663

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6867135
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$1,496
Cap Rate
3.1%
Cash-on-Cash Return
-11.2%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-6.9%

Purchase Details

Find an Agent

Purchase price:
$695,000
Amount financed:
-$556,000
Down payment:
$139,000
Closing costs:
$20,850
Rehab costs:
$0
Initial cash invested:
$159,850
Square feet:
1,547
Cost per square foot:
$449
Monthly rent per square foot:
$2.00

Financing Details

Find a Lender

Loan amount:
$556,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,289
Property tax:
$293
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,799

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$293-$3,519
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (2%)
2%-$53-$636
Total operating expenses: (36%)
36%-$1,121-$13,455

Cash Flow


Monthly Yearly
Net operating income:
$1,793 $21,516
Mortgage payments:
-$3,289 -$39,468
Cash flow:
$1,496 $17,952