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24350 N Whispering Ridge Way #22 Scottsdale, AZ 85255

4 Beds 3 Baths 3,672 sqft Built 1994

$830,000

List Price

$4,530

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $226.03
  • 2 Days on Market
  • MLS # : 6173108
  • Updated Date : 12/26/2020 at 11:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,672 sqft
  • Baths : 3 full
Listing Agent

Launch Real Estate

Listing Agent's Description

You can see for miles and miles from this impeccably designed Geoffrey Edmunds home! Light & bright, a flowing floorplan, high ceilings, lots of windows, 3 fireplaces & ample living space. A downstairs bedroom is used as an office with built-ins & is accessible from garage, family room, kitchen & formal area without steps. An oversized laundry room has a spot designated for a future elevator with room below & heavy duty electrical wiring. The master has gorgeous Valley, Pinnacle Peak and McDowell Mountain views, plus a private balcony from which to enjoy them! The backyard features several patios, a contemporary fountain & built in spa. The interior is original but that's easy to change! The views & location are forever. Gated community with pool & walking distance to Troon Country Club.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Whispering Ridge at Troon Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $122k833k

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

Neighborhood: Whispering Ridge at Troon Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453704

* 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
Desert Sun Elementary School Primary Regular 416 22 6
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Desert Sun Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 22
6
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$747,000$913,000$830,000

PURCHASE PRICE

$4,077$4,983$4,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,530
EXPENSES Loan Payment -$3,062
Property Tax -$388
Property Insurance -$99
HOA -$62
Property Management Fees -$99
CASH FLOW
$821

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.

$830,000

PROJECTED PRICE

$4,530

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.5%
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$0.0$10k$20k$30k$40k$50k$60k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$225,700

INVESTMENT

$225,700

Down Payment
$207,500
Rehab Estimate
$5,750
Closing Costs
$12,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$3,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $207,500
Loan Amount $622,500
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$154,338

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
  • $4,957

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9953$4,2504$6,000
$6,000
RENT COMPS ANALYSIS
  • 24350 N Whispering Ridge Way #22 Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,672 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,672 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11934 E Sand Hills Road Scottsdale, AZ 2
    • 3 beds 4 baths ∙ 3,437 Sqft ∙ Built 1997 3 beds 4 baths ∙ 3,437 Sqft ∙ Built 1997
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.16
    •  
  • 10080 E Buckskin Trail Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 3,347 Sqft ∙ Built 1990 3 beds 4 baths ∙ 3,347 Sqft ∙ Built 1990
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.27
    •  
  • 25807 N 104th Way Scottsdale, AZ 4
    • 3 beds 5 baths ∙ 3,694 Sqft ∙ Built 1995 3 beds 5 baths ∙ 3,694 Sqft ∙ Built 1995
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.62
    •  
PROPERTY LISTING DETAILS
Sara Elich
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173108
Last Updated: 12/26/2020
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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