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24426 N 77th Street Scottsdale, AZ 85255

4 Beds 4 Baths 3,424 sqft Built 2001

$1,150,000

List Price

$3,750

$3.5K - $4K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $335.86
  • 1 Days on Market
  • MLS # : 6193394
  • Updated Date : 02/14/2021 at 01:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,424 sqft
  • Baths : 3 full , 1 half
Listing Agent

Walt Danley Christie's International Real Estate

Listing Agent's Description

A large inviting entry takes you into this move in ready home ! Zero deferred maintenance. Many upgrades throughout since owners took ownership. Painted inside and out, new garage floor, back yard has many upgrades. Very peaceful setting for this large family home. Clients are willing to sell all furniture. FIRPTA will apply on this transaction.PRE MARKET OPEN HOUSE - SUNDAY 14th - 12-2pm**** No showings until the open house ****

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pinnacle Reserve East

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k895k

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

Neighborhood: Pinnacle Reserve East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454073

* 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
Mountain Trail Middle School Middle Regular 714 29 7
Pinnacle High School High Regular 2,443 96 8

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$3,375$4,125$3,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,750
EXPENSES Loan Payment -$3,994
Property Tax -$856
Property Insurance -$94
HOA -$24
Property Management Fees -$99
CASH FLOW
-$1,317

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.

$1,150,000

PROJECTED PRICE

$3,750

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,994

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$1,007

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
  • $3,929

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6503$3,8504$4,0005$4,500
$4,500
RENT COMPS ANALYSIS
  • 24426 N 77th Street Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 3,424 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,424 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 23415 N 81st Street Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 3,366 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,366 Sqft ∙ Built 1996
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.08
    •  
  • 7642 E La Junta Road Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 3,401 Sqft ∙ Built 1997 3 beds 3 baths ∙ 3,401 Sqft ∙ Built 1997
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.13
    •  
  • 22163 N 78th Street Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,483 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,483 Sqft ∙ Built 1999
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.15
    •  
  • 22218 N La Senda Drive Scottsdale, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Blake St John
Walt Danley Christie's International Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193394
Last Updated: 02/14/2021
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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