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24421 N 75th Street Scottsdale, AZ 85255

4 Beds 3 Baths 2,953 sqft Built 1998

$735,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $248.90
  • 2 Days on Market
  • MLS # : 6174341
  • Updated Date : 12/26/2020 at 10:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,953 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Come take a look at this stunning two story home in North Scottsdale. Walking in the front door, you will not want to turn back without the keys. The spacious floor plan will allow you to add your special touch in many ways. 4 Bedroom 3 bathroom with an additional loft/Bonus room. The upstairs balcony and the newly updated kitchen gives you a perfect view of the glistening spa accompanied by the backyard fireplace. This one is truly a gem!Tenants in property until mid January (call listing agent for questions)

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
 

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

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$2,712
Property Tax -$547
Property Insurance -$85
HOA -$24
Property Management Fees -$99
CASH FLOW
-$157

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

$3,310

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

$2,712

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $183,750
Loan Amount $551,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$35,780

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
  • $3,330

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0603$3,2004$3,3805$3,600
$3,600
RENT COMPS ANALYSIS
  • 24421 N 75th Street Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $1.10
    •  
  • 7486 E Sand Hills Road Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,067 Sqft ∙ Built 1993 5 beds 3 baths ∙ 3,067 Sqft ∙ Built 1993
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.04
    •  
  • 23492 N 77th Place Scottsdale, AZ 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Dominick Montano
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174341
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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