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23219 N 77th Way Scottsdale, AZ 85255

3 Beds 3 Baths 3,000 sqft Built 2000

$935,000

List Price

$3,560

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $311.67
  • 3 Days on Market
  • MLS # : 6185472
  • Updated Date : 01/30/2021 at 14:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,000 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Designed and built by Classic Stellar Homes known for their ENERGY EFFICIENCY and exceptional quality of construction, this Green Building Certificate home (see document section) is located in Scottsdale's Bella Vista gated community.The original owner has meticulously maintained this 1 story, 3 BR (2 MSTR),3 Baths 3000 sq ft home w/solid core doors and crown moldings.Out door living in the ''Resort'' style back yd w/lush landscaping and pool is perfect for family entertaining. The kitchen features a sprawling island,granite counter tops,custom cabinetry, hot water dispenser, full size wine cooler,new DW and disposal. The 3rd car garage was converted to a wood shop complete with equipment but can easily be converted back to garage. Gas at street.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bella Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $122k835k

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

Neighborhood: Bella Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453885

* 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
 

$841,500$1,028,500$935,000

PURCHASE PRICE

$3,204$3,916$3,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,560
EXPENSES Loan Payment -$3,248
Property Tax -$696
Property Insurance -$86
HOA -$50
Property Management Fees -$99
CASH FLOW
-$618

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.

$935,000

PROJECTED PRICE

$3,560

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$253,525

INVESTMENT

$253,525

Down Payment
$233,750
Rehab Estimate
$5,750
Closing Costs
$14,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,248

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $233,750
Loan Amount $701,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$11,412

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,560

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $3,690

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3803$3,5604$3,7055$4,300
$4,300
RENT COMPS ANALYSIS
  • 23219 N 77th Way Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 3,000 Sqft ∙ Built 2000 3 beds 3 baths ∙ 3,000 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,560
    • $1.19
    •  
  • 7663 E Candelaria Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 1999
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.16
    •  
  • 23492 N 77th Place Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2001
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $1.15
    •  
  • 24421 N 75th Street Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1998
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,705
    • $1.24
    •  
  • 7694 E Manana Drive Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 3,141 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,141 Sqft ∙ Built 1998
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.37
    •  
PROPERTY LISTING DETAILS
Tom Stevens
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185472
Last Updated: 01/30/2021
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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