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24337 N 75th Way Scottsdale, AZ 85255

4 Beds 3 Baths 2,953 sqft Built 1998

$725,000

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $245.51
  • 6 Days on Market
  • MLS # : 6158150
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,953 sqft
  • Baths : 3 full
Listing Agent

Launch Real Estate

Listing Agent's Description

Wonderful home in Pinnacle Reserve 2. Beautifully maintained & ready to move in. A grand entrance w/ spiral stair case & high ceilings in the living/dining room. Open concept kitchen w/ brand new appliances, pantry, breakfast counter & eat-in area opening to a family room w/ cozy fireplace. Perfect for entertaining- Covered patio, pool (salt water-leased) w/ water feature, play yard, fireplace & built in BBQ. Small RV gate ideal for your toys. 3 big bedrooms upstairs (2 connected w/ jack & jill) w/ walk-in closets. Huge loft perfect for kids play area or home office. Spacious master w/ balcony & views of the McDowells.Downstairs bedroom has built-in cabinets/shelves and closet. 3/4 bath. Cul-de-sac lot & no one behind you!! Schools, hiking, parks are added bonus. Showing wed 11/11 1-4pm

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pinnacle Reserve

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k482k

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

Neighborhood: Pinnacle Reserve

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
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
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$2,675
Property Tax -$540
Property Insurance -$85
HOA -$24
Property Management Fees -$99
CASH FLOW
-$142

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.

$725,000

PROJECTED PRICE

$3,280

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
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

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$36,282

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $3,477

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$3,060
1$3,0602$3,2803$3,3804$3,6005$3,705
$3,705
RENT COMPS ANALYSIS
  • 24337 N 75th Way Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $1.11
    •  
  • 24416 N 75th Way Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 1998
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $1.10
    •  
  • 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
    property image
    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
    property image
    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
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,705
    • $1.24
    •  
PROPERTY LISTING DETAILS
Cathy L Ellington
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158150
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.

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