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23379 N 73rd Way Scottsdale, AZ 85255

3 Beds 3 Baths 2,353 sqft Built 2019

$625,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $265.62
  • 6 Days on Market
  • MLS # : 6168870
  • Updated Date : 12/09/2020 at 15:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,353 sqft
  • Baths : 2 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This beautifully appointed McDowell plan with roof deck offers today's favorite finishes in the gated community of Pinnacle at Silverstone. Enjoy open great room living, areas & an exceptionally equipped kitchen with quartz counters, stainless appliances, rich wood cabinetry & custom backsplash. Telescoping doors to the private patio invite the outdoors in. Powder room, mud room & 2-car garage round out the first level. Upstairs offers spacious master retreat, two guest rooms & full bath plus laundry center, extra storage and loft area for work or play. An additional set of steps takes you to your rooftop deck for a little relaxation. Residents enjoy pool/spa, fitness & BBQ ramada, all within walking distance to shopping & dining. Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k549k

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

Neighborhood: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453434

* 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

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$2,306
Property Tax -$465
Property Insurance -$73
HOA -$189
Property Management Fees -$99
CASH FLOW
$178

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$625,000

PROJECTED PRICE

$3,310

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 3.00%
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$1.8M

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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,625

INVESTMENT

$167,625

Down Payment
$156,250
Rehab Estimate
$2,000
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$59,532

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
  • $3,306

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,2004$3,3005$4,000
$4,000
RENT COMPS ANALYSIS
  • 23379 N 73rd Way Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7495 E Paraiso Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,473 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,473 Sqft ∙ Built 2019
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.21
    •  
  • 7354 E Casitas Del Rio Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,377 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,377 Sqft ∙ Built 2019
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.35
    •  
  • 7351 E Casitas Del Rio Drive Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 2019
    property image
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.40
    •  
  • 7425 E Via De Luna Drive #114 Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,406 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,406 Sqft ∙ Built 2020
    property image
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.66
    •  
PROPERTY LISTING DETAILS
Sally Cashman
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168870
Last Updated: 12/09/2020
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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