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20802 N Grayhawk Drive N #1027 Scottsdale, AZ 85255

3 Beds 4 Baths 2,185 sqft Built 2000

$540,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $247.14
  • 6 Days on Market
  • MLS # : 6189459
  • Updated Date : 02/13/2021 at 00:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,185 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Buyers you need to have this home on your tour list. This beautiful townhome is located in the much sought after guarded community of Avian Grayhawk. Located on a Cul-de-sac lot. Just steps from grocery, quality restaurants, specialty shops and the communities sparkling heated pool and hot tub. Large bedrooms, 2 master suites & open bright spaces are just the beginning to all this home has to offer! Lrg kitchen w/gas range, granite tops, cherry cabinetry, wine fridge & SS appliances overlook the large dining & family room, which includes a gas fireplace. Crown molding has been installed throughout, as well as hi-end wood shutters & travertine tile floors. New, high-quality carpets were installed just days ago in all the right places!

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
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
 

$486,000$594,000$540,000

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 -$1,876
Property Tax -$402
Property Insurance -$70
HOA -$431
Property Management Fees -$99
CASH FLOW
$173

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.

$540,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.56%

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

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$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$38,982

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,050

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $2,841

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,9503$2,9954$3,0005$3,050
$3,050
RENT COMPS ANALYSIS
  • 20802 N Grayhawk Drive N #1027 Scottsdale, AZ 5
    • 3 beds 4 baths ∙ 2,185 Sqft ∙ Built 2000 3 beds 4 baths ∙ 2,185 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.40
    •  
  • 20802 N Grayhawk Drive #1085 Scottsdale, AZ 1
    • 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 2
    • 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 #1011 Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 2,185 Sqft ∙ Built 2001 3 beds 4 baths ∙ 2,185 Sqft ∙ Built 2001
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.37
    •  
  • 7714 E Fledgling Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 2000
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.30
    •  
PROPERTY LISTING DETAILS
Daniel J Faubion
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189459
Last Updated: 02/13/2021
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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