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19475 N Grayhawk Drive #2171 Scottsdale, AZ 85255

2 Beds 2 Baths 1,329 sqft Built 2003

$372,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $279.91
  • 3 Days on Market
  • MLS # : 6184714
  • Updated Date : 01/22/2021 at 22:51
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,329 sqft
  • Baths : 2 full
Listing Agent

Infinity Wealth Real Estate

Listing Agent's Description

Upscale, relaxed living in the beautiful, gated community of Tesoro at Grayhawk. Located on a premium, quiet lot with fantastic sunset andmountain views. Meticulously maintained with open floor plan that features split master, walk in closets in both bedrooms, two large balconies. The kitchen offers counter-depth refrigerator, flat cooktop range, breakfast bar, and fruit-wood cabinets. Full size two-car garage with direct access. The community features clubhouse,fitness center, reading room, resort style pool area with large heated pool, two hot tubs, waterfall, and barbeque area. Located adjacent to Talon Golf Course, with shopping, dining, hiking, and biking trails nearby.

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
Grayhawk Elementary School Primary Regular 597 32 10
Grayhawk Elementary School Middle Regular 597 32 10
Pinnacle High School High Regular 2,443 96 8

Grayhawk Elementary School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 32
10
GreatSchools Rating

Grayhawk Elementary School

  • Education Level: Middle
  • # of students: 597
  • # of teachers: 32
10
GreatSchools Rating

Pinnacle High School

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

$334,800$409,200$372,000

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 -$1,292
Property Tax -$277
Property Insurance -$53
HOA -$378
Property Management Fees -$99
CASH FLOW
-$169

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.

$372,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.52%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,330

INVESTMENT

$104,330

Down Payment
$93,000
Rehab Estimate
$5,750
Closing Costs
$5,580

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,292

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,000
Loan Amount $279,000
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $1,927

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8954$1,9305$1,950
$1,950
RENT COMPS ANALYSIS
  • 19475 N Grayhawk Drive #2171 Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,329 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,329 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.45
    •  
  • 19475 N Grayhawk Drive #2067 Scottsdale, AZ 1
    • 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 2
    • 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 3
    • 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
Boris Gorodisskiy
Infinity Wealth Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184714
Last Updated: 01/22/2021
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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