Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

18920 N 90th Place N Scottsdale, AZ 85255

4 Beds 3 Baths 2,199 sqft Built 1989

$699,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $317.87
  • 1 Days on Market
  • MLS # : 6155376
  • Updated Date : 11/02/2020 at 22:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,199 sqft
  • Baths : 3 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Sought after Ironwood Village! Great Scottsdale Location, just a hop and skip away from a walk around DC Ranch Marketplace/Market Street! The moment you walk into this recently updated home, the soaring ceilings, updated wide plank wood-like tile floors, to the breathtaking beautiful remodeled kitchen, you will want to call this home! The kitchen has stainless appliances, new cabinets, farm sink, granite counters, breakfast-bar, and eat in kitchen. There is a large family room with a fireplace and an entrance to walk out to your beautiful patio/private pool with pool safety cover/net, also featuring a backyard built in BBQ, and your own putting green! This 4 bedroom, 3 bath home has one bedroom and bath on the first floor with a private entrance to pool/patio.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cliffs at Ironwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Cliffs at 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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,579
Property Tax -$327
Property Insurance -$70
HOA -$7
Property Management Fees -$99
CASH FLOW
-$422

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.

$699,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.38%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$16,953

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
  • $2,842

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$2,9004$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 18920 N 90th Place N Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9441 E Rosemonte Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 1991
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.30
    •  
  • 18776 N 90th Place Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 1994
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.25
    •  
  • 18526 N 94th Street Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2009
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.27
    •  
  • 18862 N 93rd Street Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 1990
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.35
    •  
PROPERTY LISTING DETAILS
Barbara Simmons
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155376
Last Updated: 11/02/2020
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.

BESbswy