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23388 N 73rd Place Scottsdale, AZ 85255

3 Beds 3 Baths 2,353 sqft Built 2018

INVESTimate

$619,000

List Price

$3,130

$2,880 - $3,380

Rent Est.

$637,446  ( +2.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $263.07
  • 1 Days on Market
  • MLS # : 6122682
  • Updated Date : 08/26/2020 at 00:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,353 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Enjoy Nth Scottsdale desert living at it's finest. Mtn views await you in this newer, low maintenance 3 bdr + loft, 2.5 bath townhome, located in the gated community of Silverstone. This home offers an over-sized view lot, an open floor-plan w/ high ten-foot ceilings, 20' stacking slider wall, upgraded tile flooring, upgraded ''Chef's'' kitchen, custom tile in the large master shower & tub, & more. Enjoy beautiful sunsets from your private patio w/endless views. Access to shopping/dining right out your back gate. Resort-like amenities include the sparkling community pool & spa that can be enjoyed year-round & the state-of-the-art fitness center. Located near lavish shopping centers, picturesque golf courses and Loop 101 freeway, it provides quick access to the rest of the Valley.

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
 

$557,100$680,900$619,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$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$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$2,284
Property Tax -$461
Property Insurance -$73
HOA -$189
Property Management Fees -$99
CASH FLOW
$24

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.

$619,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.98%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$169,785

INVESTMENT

$169,785

Down Payment
$154,750
Rehab Estimate
$5,750
Closing Costs
$9,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,284

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,750
Loan Amount $464,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$41,733

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
  • $3,124

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,2004$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 23388 N 73rd Place Scottsdale, 1
    • 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7495 E Paraiso Drive Scottsdale, 2
    • 3 beds 3 baths ∙ 2,473 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,473 Sqft ∙ Built 2019
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.21
    •  
  • 7349 E Vista Bonita Drive Scottsdale, 3
    • 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 2018
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.35
    •  
  • 7354 E Casitas Del Rio Drive Scottsdale, 4
    • 3 beds 3 baths ∙ 2,377 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,377 Sqft ∙ Built 2019
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.35
    •  
  • 7351 E Casitas Del Rio Drive Scottsdale, 5
    • 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 2019
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.40
    •  
PROPERTY LISTING DETAILS
Stephanie Wyatt-francis
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122682
Last Updated: 08/26/2020
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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