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20750 N 87th Street #1059 Scottsdale, AZ 85255

3 Beds 2 Baths 1,715 sqft Built 2006

$600,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $349.85
  • 3 Days on Market
  • MLS # : 6189584
  • Updated Date : 02/05/2021 at 17:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,715 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This luxury townhome has been recently updated and is on the lower level with no stairs . Ideally located in the desirable gated community of Encore at Grayhawk. Close to everything! Light and bright open floor plan. Recently updated kitchen and great room are perfect for entertaining with a fireplace and entry to your private covered patio. The master bed and bath have been beautifully updated and boast a separate entry to the covered patio. Turn key ready! Updates inc kitchen/bath cabinets, SS appliances, ceramic plank flooring, master closet system, guest bath quartz counter, paint int/ext, wallpaper, lighting and patio tile. Mechanical improvements inc new Trane HVAC w/warranty and water heater. Enjoy the year round heated pool and spa, clubhouse and fitness center just steps away!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Encore at Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k492k

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

Neighborhood: Encore 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
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
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,084
Property Tax -$447
Property Insurance -$61
HOA -$396
Property Management Fees -$99
CASH FLOW
-$36

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.

$600,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.51%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$25,482

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
  • $2,581

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,5004$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 20750 N 87th Street #1059 Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19475 N Grayhawk Drive #2089 Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2003
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.40
    •  
  • 20750 N 87th Street #1065 Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2007
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.46
    •  
  • 20801 N 90th Place #170 Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2000
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.59
    •  
  • 20750 N 87th Street #1146 Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2007
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.57
    •  
PROPERTY LISTING DETAILS
Michelle Mccarthy
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189584
Last Updated: 02/05/2021
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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