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24012 N 76th Place Scottsdale, AZ 85255

4 Beds 3 Baths 2,941 sqft Built 2000

$735,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $249.91
  • 2 Days on Market
  • MLS # : 6180394
  • Updated Date : 01/16/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,941 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

This is the updated home you have been waiting for! The lush backyard oasis offers a lagoon style heated pebble-tec pool, tropical landscaping, fire pit, waterfalls, spa, and gorgeous hardscape.The open concept kitchen boasts and island, granite countertops, double ovens, gas cooktop, and stainless steel appliances. You will love the high ceilings, gas fireplace, wood grain tile and travertine flooring, and all the modern touches. Fresh paint with a neutral palette. Spacious master with plantation shutters, remodeled bathroom, and large walk-in custom closet. Enjoy your private corner lot with beautiful sunset views for years to come.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: La Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k635k

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

Neighborhood: La Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453164

* 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
 

$661,500$808,500$735,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$2,553
Property Tax -$548
Property Insurance -$84
HOA -$26
Property Management Fees -$99
CASH FLOW
$90

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.

$735,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$200,525

INVESTMENT

$200,525

Down Payment
$183,750
Rehab Estimate
$5,750
Closing Costs
$11,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,553

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $183,750
Loan Amount $551,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$48,214

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
  • $3,419

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,3804$3,6005$3,705
$3,705
RENT COMPS ANALYSIS
  • 24012 N 76th Place Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7486 E Sand Hills Road Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 3,067 Sqft ∙ Built 1993 5 beds 3 baths ∙ 3,067 Sqft ∙ Built 1993
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.04
    •  
  • 23492 N 77th Place Scottsdale, AZ 3
    • 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
    •  
  • 23670 N 77th Street Scottsdale, AZ 4
    • 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
    •  
  • 24421 N 75th Street Scottsdale, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Chris Ziebell
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180394
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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