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20802 N Grayhawk Drive #1015 Scottsdale, AZ 85255

3 Beds 3 Baths 2,267 sqft Built 2001

$539,500

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $237.98
  • 3 Days on Market
  • MLS # : 6173595
  • Updated Date : 12/25/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,267 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

One of the best kept North Scottsdale secrets conveniently located right off the 101 freeway in the prestigious Grayhawk Master Community. Enter Avian through not just one but 2 gates for a perfect secure lock and leave home.This stunning remodeled unit has it all! Cozy gated front courtyard welcomes you home. Full length driveway directly off the street without having to maneuver by the neighbors' parking. Wide welcoming entrance takes you straight into the spacious great room with soaring ceilings and plenty of natural light. It features new luxurious vinyl flooring and warm gas fireplace. Formal dining area is right between the great room and the kitchen connecting all the downstairs spaces seamlessly. Private covered patio off the dining area.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Avian at Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Avian 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
Grayhawk Elementary School Primary Regular 597 32 10
Grayhawk Elementary School Middle Regular 597 32 10
Pinnacle High School High Regular 2,443 96 8

Grayhawk Elementary School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 32
10
GreatSchools Rating

Grayhawk Elementary School

  • Education Level: Middle
  • # of students: 597
  • # of teachers: 32
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$485,550$593,450$539,500

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$1,991
Property Tax -$402
Property Insurance -$71
HOA -$36
Property Management Fees -$99
CASH FLOW
$322

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.

$539,500

PROJECTED PRICE

$2,920

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.8%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,718

INVESTMENT

$148,718

Down Payment
$134,875
Rehab Estimate
$5,750
Closing Costs
$8,093

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,991

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,875
Loan Amount $404,625
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$71,563

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
  • $2,907

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,7504$2,9505$3,200
$3,200
RENT COMPS ANALYSIS
  • 20802 N Grayhawk Drive #1015 Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20802 N Grayhawk Drive #1047 Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 2000
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.19
    •  
  • 20802 N Grayhawk Drive #1085 Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,229 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,229 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.23
    •  
  • 20802 N Grayhawk Drive #1042 Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 2000
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.30
    •  
  • 20802 N Grayhawk Drive #1067 Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 1997
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.41
    •  
PROPERTY LISTING DETAILS
Malgorzata Baker
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173595
Last Updated: 12/25/2020
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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