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22340 N 77th Street Scottsdale, AZ 85255

3 Beds 3 Baths 2,197 sqft Built 1998

$625,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $284.48
  • 3 Days on Market
  • MLS # : 6178510
  • Updated Date : 01/09/2021 at 03:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,197 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Welcome to this stunning 3bed/2.5bath plus office/den cul-de-sac home tucked into the highly desirable N. Scottsdale area. The pristine curb appeal with oversize 3 car garage leading into the exquisite interior with tile flooring, gas fireplace and a fluid open floorplan. Open kitchen boasts granite counter tops, stainless steel appliances, stylish tile backsplash and a huge center island with breakfast bar seating, making it ideal for gathering with friends and family. Spacious master retreat includes private en suite with dual vanities, oversized glass framed shower and stunning custom walk in closet. Step out to the amazing outdoor entertaining space complete with covered patio, sparkling pool w/water feature and large grassy area. This one has it all! See it today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonoran Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k661k

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

Neighborhood: Sonoran Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453470

* 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
Pinnacle Peak Elementary School Primary Regular 610 31 9
Pinnacle Peak Elementary School Middle Regular 610 31 9
Pinnacle High School High Regular 2,443 96 8

Pinnacle Peak Elementary School

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 31
9
GreatSchools Rating

Pinnacle Peak Elementary School

  • Education Level: Middle
  • # of students: 610
  • # of teachers: 31
9
GreatSchools Rating

Pinnacle High School

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

$562,500$687,500$625,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$2,171
Property Tax -$465
Property Insurance -$70
HOA -$13
Property Management Fees -$99
CASH FLOW
-$738

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.

$625,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
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-$15k-$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$433

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,076

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$1,9503$2,0804$2,1755$2,200
$2,200
RENT COMPS ANALYSIS
  • 22340 N 77th Street Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.95
    •  
  • 7500 E Deer Valley Road #155 Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 1999
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.88
    •  
  • 7500 E Deer Valley Road #98 Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2000
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.89
    •  
  • 7500 E Deer Valley Road #48 Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 1999
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.00
    •  
  • 7500 E Deer Valley Road #165 Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2000
    property image
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
PROPERTY LISTING DETAILS
Casey Taylor
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178510
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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