Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

24209 N 87th Street Scottsdale, AZ 85255

4 Beds 4 Baths 3,769 sqft Built 1998

$1,249,900

List Price

$4,390

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $331.63
  • 3 Days on Market
  • MLS # : 6159652
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,769 sqft
  • Baths : 3 full , 1 half
Listing Agent

Key Factor Realty, Llc

Listing Agent's Description

ONE OF A KIND CUSTOM ESTATE in the midst of N.Scottsdale. Over $250K in recent upgrades. Situated on 1.3 acre lot w/mountain views. Paved circular driveway, new Iron Doors,travertine/wood flooring, gourmet kitchen w/slab granite, 42'' cabinetry, high-end Sub-Zero & Viking appliances. Bar area w/ 2 Marvel Wine Coolers. Open living area w/FLOOR TO CEILING GRANITE FIREPLACE. Formal dining & family rooms. EXTENSIVE USE of MARBLE in Master Bath. Secondary Master/Guest Qtr. has separate entry. Side entry 4.5 CAR GARAGE w/high-end epoxy flooring & built-in cab. Central vacuum. 200amp TESLA hookup! Resort style backyard w/extensive use of travertine pavers, BBQ Island w/new DCS Grill, pebble tech pool, Ramada w/spa. Over 1800sq.ft WRAP-AROUND PATIO, FIREPL, lush landscpng, gutters. RV gate/parking

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pinnacle Peak Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k863k

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

Neighborhood: Pinnacle Peak Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453942

* 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
 

$1,124,910$1,374,890$1,249,900

PURCHASE PRICE

$3,951$4,829$4,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,390
EXPENSES Loan Payment -$4,612
Property Tax -$930
Property Insurance -$101
HOA -$1
Property Management Fees -$99
CASH FLOW
-$1,352

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,249,900

PROJECTED PRICE

$4,390

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$336,974

INVESTMENT

$336,974

Down Payment
$312,475
Rehab Estimate
$5,750
Closing Costs
$18,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,475
Loan Amount $937,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,384

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,390

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $4,956

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$4,390
1$4,3902$4,5003$5,0004$5,0005$5,400
$5,400
RENT COMPS ANALYSIS
  • 24209 N 87th Street Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 3,769 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,769 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $4,390
    • $1.16
    •  
  • 22218 N La Senda Drive Scottsdale, AZ 2
    • 3 beds 4 baths ∙ 3,673 Sqft ∙ Built 1992 3 beds 4 baths ∙ 3,673 Sqft ∙ Built 1992
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.23
    •  
  • 8943 E Calle Del Palo Verde -- Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,986 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,986 Sqft ∙ Built 1997
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.25
    •  
  • 8633 E Clubhouse Way Scottsdale, AZ 4
    • 3 beds 4 baths ∙ 3,572 Sqft ∙ Built 1978 3 beds 4 baths ∙ 3,572 Sqft ∙ Built 1978
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.40
    •  
  • 7967 E Camino Vivaz -- Scottsdale, AZ 5
    • 5 beds 4 baths ∙ 3,910 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,910 Sqft ∙ Built 2002
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,400
    • $1.38
    •  
PROPERTY LISTING DETAILS
Alex Devyatov
Key Factor Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159652
Last Updated: 11/13/2020
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.

BESbswy