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24422 N 73rd Street Scottsdale, AZ 85255

4 Beds 5 Baths 3,759 sqft Built 2016

$1,395,000

List Price

$4,820

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $371.11
  • 3 Days on Market
  • MLS # : 6183163
  • Updated Date : 01/23/2021 at 20:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,759 sqft
  • Baths : 4 full , 1 half
Listing Agent

North & Co

Listing Agent's Description

''Atrio'' - Privately tucked behind the gates of the award-winning Bocara community by Camelot Homes, this stunningly designed home borders a desert wash with no homes directly behind. This floor plan is known for its true indoor/outdoor livability, beginning the moment you step through the front entry to the interior courtyard and continuing to the views of the sparkling pool beyond. Centering around the courtyard, the functional floor plan offers four bedrooms, each with en-suite baths and walk-in closets, a spacious home office with custom built-ins, and a convenient bonus/flex room.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pinnacle Peak

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k708k

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

Neighborhood: Pinnacle Peak

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454508

* 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
 

$1,255,500$1,534,500$1,395,000

PURCHASE PRICE

$4,338$5,302$4,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,820
EXPENSES Loan Payment -$4,845
Property Tax -$1,038
Property Insurance -$100
HOA -$170
Property Management Fees -$99
CASH FLOW
-$1,433

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.

$1,395,000

PROJECTED PRICE

$4,820

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$375,425

INVESTMENT

$375,425

Down Payment
$348,750
Rehab Estimate
$5,750
Closing Costs
$20,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,845

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $348,750
Loan Amount $1,046,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$2,647

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
  • $4,802

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,0003$4,5004$5,0005$5,400
$5,400
RENT COMPS ANALYSIS
  • 24422 N 73rd Street Scottsdale, AZ 1
    • 4 beds 5 baths ∙ 3,759 Sqft ∙ Built 2016 4 beds 5 baths ∙ 3,759 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 22163 N 78th Street Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,483 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,483 Sqft ∙ Built 1999
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.15
    •  
  • 24809 N 84th Street Scottsdale, AZ 3
    • 5 beds 4 baths ∙ 4,008 Sqft ∙ Built 1996 5 beds 4 baths ∙ 4,008 Sqft ∙ Built 1996
    property image
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.12
    •  
  • 24531 N 77th Street Scottsdale, AZ 4
    • 3 beds 4 baths ∙ 3,424 Sqft ∙ Built 2000 3 beds 4 baths ∙ 3,424 Sqft ∙ Built 2000
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.46
    •  
  • 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
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,400
    • $1.38
    •  
PROPERTY LISTING DETAILS
Kevin Owens
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183163
Last Updated: 01/23/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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