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18884 N 90th Place Scottsdale, AZ 85255

2 Beds 2 Baths 1,354 sqft Built 1996

$469,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $346.38
  • 4 Days on Market
  • MLS # : 6167346
  • Updated Date : 12/04/2020 at 09:49
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,354 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Charming home in a great Scottsdale neighborhood! Natural light radiates through large windows and doors throughout. Corner lot backsto expansive wash offering desert views, quiet, and privacy. Tile and wood laminate floors - no carpet in the home. Vaulted ceilings makethe home feel extra spacious. Open, split floor plan with grand living/dining room. Master suite overlooks gorgeous backyard. Master bath has separate shower and tub, two sinks, and large walk-in closet. Eat-in kitchen with large corner windows and sliding door to patio. Dine al fresco, entertain, or simply relax outdoors on extended patio with beautiful, new pavers. Backyard features low maintenance landscaping, view fencing, and is wired for a jacuzzi. Special features include recessed can lighting with

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ironwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k511k

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

Neighborhood: Ironwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Copper Ridge School Primary Regular 1,089 55 8
Copper Ridge School Middle Regular 1,089 55 8
Chaparral High School High Regular 2,053 87 7

Copper Ridge School

  • Education Level: Primary
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Copper Ridge School

  • Education Level: Middle
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$422,100$515,900$469,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,730
Property Tax -$219
Property Insurance -$54
HOA -$7
Property Management Fees -$99
CASH FLOW
-$189

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.

$469,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.6%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,035

INVESTMENT

$130,035

Down Payment
$117,250
Rehab Estimate
$5,750
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$17,806

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
  • $1,926

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,8954$1,9955$2,150
$2,150
RENT COMPS ANALYSIS
  • 18884 N 90th Place Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,354 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,354 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19475 N Grayhawk Drive #2067 Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,283 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,283 Sqft ∙ Built 2003
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.40
    •  
  • 19474 N Grayhawk Drive #2167 Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,283 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,283 Sqft ∙ Built 2003
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.48
    •  
  • 18675 N 91st Street Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,542 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,542 Sqft ∙ Built 1994
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.29
    •  
  • 18965 N 89th Way Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1992
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.52
    •  
PROPERTY LISTING DETAILS
Robert Mattisinko
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167346
Last Updated: 12/04/2020
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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