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20338 N 84th Way Scottsdale, AZ 85255

4 Beds 4 Baths 3,212 sqft Built 2004

$1,200,000

List Price

$4,450

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $373.60
  • 2 Days on Market
  • MLS # : 6203339
  • Updated Date : 03/06/2021 at 03:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,212 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Talon Estates wonderful Executive home.. Enlarged and updated. Private on the 15 hole of this world ranked golf course. Enjoy great sunsets PPRIVACY while living in one of Scottsdale's most desirable neighborhoods Great schools ,shopping and centrally located. This extraordinary home has all the bells and whistles you would expect in a home of this quality.Come to the Open House this Saturday from 1 to 5 and be the first to have the opportunity to live in a truly great family community.

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
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$4,005$4,895$4,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,450
EXPENSES Loan Payment -$4,168
Property Tax -$893
Property Insurance -$90
HOA -$76
Property Management Fees -$99
CASH FLOW
-$876

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.

$1,200,000

PROJECTED PRICE

$4,450

PROJECTED RENT

0.37%

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,168

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$11,253

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
  • $4,400

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$4,4004$4,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 20338 N 84th Way Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8416 E Diamond Rim Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,967 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,967 Sqft ∙ Built 2002
    LEASED 11/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.18
    •  
  • 7952 E Quill Lane Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 2,930 Sqft ∙ Built 2000 3 beds 4 baths ∙ 2,930 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.50
    •  
  • 7636 E Rose Garden Lane Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 1998
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.29
    •  
  • 8470 E Angel Spirit Drive Scottsdale, AZ 5
    • 3 beds 4 baths ∙ 2,977 Sqft ∙ Built 2003 3 beds 4 baths ∙ 2,977 Sqft ∙ Built 2003
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.51
    •  
PROPERTY LISTING DETAILS
Scott Biller
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203339
Last Updated: 03/06/2021
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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