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20121 N 76th Street #2043 Scottsdale, AZ 85255

2 Beds 2 Baths 1,854 sqft Built 2005

$447,500

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $241.37
  • 5 Days on Market
  • MLS # : 6192507
  • Updated Date : 02/10/2021 at 22:33
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,854 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Sought after Vintage of Grayhawk condo within walking distance to shopping and restaurants. Just North of 101, this upper unit displays impeccable care, only lived in part of the year. Large master bedroom with private bath containing both tub and stall shower. SS kitchen appliances and plenty of storage space make this kitchen very workable. Dining and great room open to an outdoor balcony. Nice size office/den and laundry room. The community pool and work out facility are an easy walk from your front door.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k549k

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

Neighborhood: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453434

* 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
 

$402,750$492,250$447,500

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$1,554
Property Tax -$333
Property Insurance -$63
HOA -$365
Property Management Fees -$99
CASH FLOW
$205

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.

$447,500

PROJECTED PRICE

$2,620

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$0.0$5.0k$10k$15k$20k

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$124,338

INVESTMENT

$124,338

Down Payment
$111,875
Rehab Estimate
$5,750
Closing Costs
$6,713

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,554

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,875
Loan Amount $335,625
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$38,028

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
  • $2,633

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,3504$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 20121 N 76th Street #2043 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,854 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,854 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19475 N Grayhawk Drive #1153 Scottsdale, AZ 2
    • 2 beds 3 baths ∙ 1,665 Sqft ∙ Built 2004 2 beds 3 baths ∙ 1,665 Sqft ∙ Built 2004
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.32
    •  
  • 20750 N 87th Street #1060 Scottsdale, AZ 3
    • 2 beds 3 baths ∙ 1,725 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,725 Sqft ∙ Built 2006
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.36
    •  
  • 19475 N Grayhawk Drive #1160 Scottsdale, AZ 4
    • 2 beds 3 baths ∙ 1,666 Sqft ∙ Built 2003 2 beds 3 baths ∙ 1,666 Sqft ∙ Built 2003
    property image
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.50
    •  
  • 20750 N 87th Street #1105 Scottsdale, AZ 5
    • 2 beds 3 baths ∙ 1,736 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,736 Sqft ∙ Built 2007
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.50
    •  
PROPERTY LISTING DETAILS
Diane Hartley
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192507
Last Updated: 02/10/2021
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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