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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Venu at Grayhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Venu at Grayhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
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
-
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
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160175
Last Updated: 11/14/2020
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.
