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19475 N Grayhawk Drive #2062 Scottsdale, AZ 85255

2 Beds 2 Baths 1,329 sqft Built 2003

$419,999

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $316.03
  • 3 Days on Market
  • MLS # : 6190422
  • Updated Date : 02/05/2021 at 18:56
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,329 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Popular 2 Bedroom '' Heritage '' floor plan in the gated community of Tesoro at Grayhawk. Spacious floor plan with kitchen open to living room. Community pool, spa, workout, BBQ and reading room. Endless walking trails around Grayhawk. Close to all shopping, dining, schools, freeways, hospitals and so much more.

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
 

$377,999$461,999$419,999

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,459
Property Tax -$313
Property Insurance -$53
HOA -$378
Property Management Fees -$99
CASH FLOW
-$372

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.

$419,999

PROJECTED PRICE

$1,930

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $314,999
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,136

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
  • $1,927

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,8004$1,8955$1,950
$1,950
RENT COMPS ANALYSIS
  • 19475 N Grayhawk Drive #2062 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,329 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,329 Sqft ∙ Built 2003
    • 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
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.40
    •  
  • 19475 N Grayhawk Drive #2157 Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,283 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,283 Sqft ∙ Built 2003
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.40
    •  
  • 19474 N Grayhawk Drive #2167 Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,283 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,283 Sqft ∙ Built 2003
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.48
    •  
  • 19475 N Grayhawk Drive #2000 Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,283 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,283 Sqft ∙ Built 2004
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.52
    •  
PROPERTY LISTING DETAILS
Alex Lanning
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190422
Last Updated: 02/05/2021
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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