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19475 N Grayhawk Drive #2002 Scottsdale, AZ 85255

3 Beds 2 Baths 1,714 sqft Built 2004

$550,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $320.89
  • 3 Days on Market
  • MLS # : 6195486
  • Updated Date : 02/19/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,714 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

STUNNING, IDEALLY SITUATED GOLF COURSE PROPERTY WITH PANORAMIC VIEWS! Enjoy sweeping views of the Grayhawk Talon Golf Course, Pinnacle Peak & the McDowell Mountains. 3BR, 2BA with 2 Balconies. Split Master Suite features luxury-appointed bath, walk-in closet & private balcony. Open, light-filled Great Room with upgraded fireplace, dining area & main balcony. Eat-in Kitchen with granite counters, newer SS appliances & bar seating. Upgraded second full bath. Oversized 2-car Garage. Gated Tesoro at Grayhawk community includes heated pool, spas, workout facility, community room & library. Close to walking, biking, hiking trails & the Sonoran Mountain Preserve Gateway. Nearby shopping, restaurants & golf courses. Easy access to the 101. Luxurious Scottsdale resort-style living at its finest!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tesoro at Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Tesoro at Grayhawk

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453641

* 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
Mountain Trail Middle School Middle Regular 714 29 7
Pinnacle High School High Regular 2,443 96 8

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$495,000$605,000$550,000

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 -$1,910
Property Tax -$409
Property Insurance -$61
HOA -$378
Property Management Fees -$99
CASH FLOW
-$197

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.

$550,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.5%
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

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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$12,647

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,660

    LIST RENT
  • $1.55

    LIST RENT PER SQFT
  • $2,661

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,6603$2,7004$2,8005$2,950
$2,950
RENT COMPS ANALYSIS
  • 19475 N Grayhawk Drive #2002 Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $1.55
    •  
  • 19550 N Grayhawk Drive #1115 Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2001
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.45
    •  
  • 19550 N Grayhawk Drive #1073 Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2000
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.62
    •  
  • 19550 N Grayhawk Drive #1127 Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 2002
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.53
    •  
  • 19550 N Grayhawk Drive #1002 Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2001
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.61
    •  
PROPERTY LISTING DETAILS
Leigh Alexander
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195486
Last Updated: 02/19/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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