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19777 N 76th Street #2179 Scottsdale, AZ 85255

2 Beds 2 Baths 1,149 sqft Built 2000

$275,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $239.34
  • 2 Days on Market
  • MLS # : 6160175
  • Updated Date : 11/14/2020 at 05:51
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,149 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Stunning condo townhome located in the sought after Venu At Grayhawk Community located less than a mile from Grayhawk park and school! Open great room floor plan boasts, laminate wood flooring, recently updated carpet, charming gas fireplace, private covered balcony, an office nook with desk, and a new water heater. The kitchen incorporates tons of storage pantries, breakfast bar, and appliances that are included with the sale. The master suite has a walk-in closet and a full en-suite bathroom. The Venu community offers a secure gated entry, heated spa and pool, a full clubhouse/rec room, full workout facility, and several children's playgrounds.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Venu at Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $120k465k

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

Neighborhood: Venu at Grayhawk

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
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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,015
Property Tax -$219
Property Insurance -$50
HOA -$356
Property Management Fees -$99
CASH FLOW
-$158

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.

$275,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,525

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
  • $1,580

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6004$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 19777 N 76th Street #2179 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,149 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,149 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19777 N 76th Street #2208 Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,222 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,222 Sqft ∙ Built 2000
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.31
    •  
  • 19777 N 76th Street #2199 Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,222 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,222 Sqft ∙ Built 2000
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.31
    •  
  • 19777 N 76th Street #1289 Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,149 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,149 Sqft ∙ Built 2000
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.44
    •  
  • 19777 N 76th Street #1146 Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,149 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,149 Sqft ∙ Built 2000
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.44
    •  
PROPERTY LISTING DETAILS
Jeffrey M Sibbach
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160175
Last Updated: 11/14/2020
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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