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20704 N 90th Place #1009 Scottsdale, AZ 85255

2 Beds 2 Baths 1,456 sqft Built 2004

$479,900

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $329.60
  • 3 Days on Market
  • MLS # : 6165398
  • Updated Date : 11/27/2020 at 16:13
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,456 sqft
  • Baths : 2 full
Listing Agent

Re/max Advantage

Listing Agent's Description

Welcome home to the highly desirable gated Courtyards at Market Street in DC Ranch. This 2 bedroom plus den/office, 2 bathroom, 2-level townhouse has an attached direct entry 2 car garage and is located in a prime location next to Market Street shops. With direct access to the walking trails, you are just a short walk to the community pool/spa and Market Street shopping and dining. This is arguably one of the best locations in DC Ranch and offers tremendous convenience to enjoy all of what DC Ranch offers! You don't want to miss this opportunity! Upon entering this 1,456 sf townhouse you will immediately notice the abundance of natural light, open and spacious floor plan, and the freshly painted interior walls. The great room, dining room, and kitchen are open and great for entertaining.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Courtyards at Market Street

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: The Courtyards at Market Street

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
Copper Ridge School Primary Regular 1,089 55 8
Copper Ridge School Middle Regular 1,089 55 8
Chaparral High School High Regular 2,053 87 7

Copper Ridge School

  • Education Level: Primary
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Copper Ridge School

  • Education Level: Middle
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$431,910$527,890$479,900

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,771
Property Tax -$282
Property Insurance -$56
HOA -$545
Property Management Fees -$99
CASH FLOW
-$362

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$479,900

PROJECTED PRICE

$2,390

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) -0.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,422

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
  • $2,195

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,9004$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 20704 N 90th Place #1009 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,456 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,456 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20801 N 90th Place #256 Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,298 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,298 Sqft ∙ Built 2000
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.39
    •  
  • 20801 N 90th Place #257 Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,298 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,298 Sqft ∙ Built 2000
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.46
    •  
  • 20704 N 90th Place #1057 Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,571 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,571 Sqft ∙ Built 2004
    property image
    LEASED 08/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.53
    •  
  • 20704 N 90th Place #1020 Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,456 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,456 Sqft ∙ Built 2004
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.65
    •  
PROPERTY LISTING DETAILS
Jason Felker
Re/max Advantage
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165398
Last Updated: 11/27/2020
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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