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23131 N 90th Way Scottsdale, AZ 85255

4 Beds 3 Baths 2,776 sqft Built 1995

$769,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $277.02
  • 3 Days on Market
  • MLS # : 6167650
  • Updated Date : 12/05/2020 at 18:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,776 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

This beautiful 4 bed, 2 .5 bath, 3 car garage home, is located in the highly sought after community of Canada Ridge, located just off Pinnacle Peak & Pima. Soaring ceilings, Formal living & dining rooms. Plush carpeting, wood, and slate tile flooring in all the right places. The stunning eat-in kitchen has beautiful two-tone cabinets with gold hardware, Quartz counters, SS appliances, built-in desk, and a pantry. The family room has a built-in media niche adjacent to the powder room, which has a closet and could easily be converted into a downstairs 5th bedroom. The master bedroom has access to a private balcony with amazing mountain views. The en-suite includes a double vanity, Japanese soaking tub, seamless tiled shower, and a generous sized walk-in closet. (More in the Documents Tab)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canada Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Canada Ridge

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
 

$692,100$845,900$769,000

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$2,837
Property Tax -$360
Property Insurance -$81
HOA -$21
Property Management Fees -$99
CASH FLOW
-$88

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.

$769,000

PROJECTED PRICE

$3,310

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$209,535

INVESTMENT

$209,535

Down Payment
$192,250
Rehab Estimate
$5,750
Closing Costs
$11,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,837

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $192,250
Loan Amount $576,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$45,641

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,310

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $3,532

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,895
1$2,8952$3,3103$3,5004$3,9505$4,000
$4,000
RENT COMPS ANALYSIS
  • 23131 N 90th Way Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $3,310
    • $1.19
    •  
  • 9413 E Calle De Valle Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,584 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,584 Sqft ∙ Built 2000
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.12
    •  
  • 23026 N Las Lavatas Road Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 1998
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.17
    •  
  • 9112 E Los Gatos Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,769 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,769 Sqft ∙ Built 1994
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.43
    •  
  • 22012 N Los Caballos Drive Scottsdale, AZ 5
    • 3 beds 4 baths ∙ 2,919 Sqft ∙ Built 1987 3 beds 4 baths ∙ 2,919 Sqft ∙ Built 1987
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.37
    •  
PROPERTY LISTING DETAILS
Eric T Fellows
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167650
Last Updated: 12/05/2020
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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