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23993 N 74th Place Scottsdale, AZ 85255

4 Beds 3 Baths 2,744 sqft Built 1994

$699,000

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $254.74
  • 2 Days on Market
  • MLS # : 6194065
  • Updated Date : 02/13/2021 at 16:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,744 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Delightful and sought after 4/2.5/3 home with master bedroom downstairs in desirable, gated master planned community of Los Portones in North Scottsdale. Kitchen has been freshened with granite counters, ceramic tile backsplash, s/s appliance package and clean looking white cabinets. Island, breakfast nook and pantry included. Upstairs secondary bathroom has been completely remodeled with popular soft contemporary design. Inviting play pool with built in basketball hoop and elevated sitting area highlight the comfortable back yard complete with real grass play area for the kids. Extended patio has access from the master for convenience. MORE.....

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Talara

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k587k

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

Neighborhood: Talara

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$2,428
Property Tax -$520
Property Insurance -$81
HOA -$6
Property Management Fees -$99
CASH FLOW
-$164

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.

$699,000

PROJECTED PRICE

$2,970

PROJECTED RENT

0.42%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$26,118

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $3,307

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,970
1$2,9702$3,0603$3,2954$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 23993 N 74th Place Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $1.08
    •  
  • 24416 N 75th Way Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 1998
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $1.10
    •  
  • 7547 E De La O Road Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 1997
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.20
    •  
  • 24035 N 74th Street Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,697 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,697 Sqft ∙ Built 1993
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.30
    •  
  • 23670 N 77th Street Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 2,941 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,941 Sqft ∙ Built 2001
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.22
    •  
PROPERTY LISTING DETAILS
Jeff J Dougherty
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194065
Last Updated: 02/13/2021
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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