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26585 N 86th Way Scottsdale, AZ 85255

4 Beds 4 Baths 3,513 sqft Built 1992

$900,000

List Price

$4,430

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $256.19
  • 5 Days on Market
  • MLS # : 6161191
  • Updated Date : 11/25/2020 at 21:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,513 sqft
  • Baths : 3 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Recently updated throughout and shows like a model. This home also offers mountain views and a generous 1 acre, cul-de-sac lot. The floor plan features a living/dining area that flows into the kitchen/family rooms with a spacious game room/man cave on the main level. The chef's kitchen is stunning with new slab granite counters, full backsplash and stainless appliances. There is also a bed/bath on the main level that works well as a guest bedroom or office. The private master suite is generous in size with a balcony that has unobstructed views of Pinnacle Peak, plus a spa like bath with walk-in shower, soaking tub and dual vanities and closets. There are two secondary bedrooms upstairs that share a jack and jill bath. Car enthusiasts will love the immaculate 3 car garage. (See more)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vistana

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Vistana

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10454221

* 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
 

$810,000$990,000$900,000

PURCHASE PRICE

$3,987$4,873$4,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,430
EXPENSES Loan Payment -$3,321
Property Tax -$670
Property Insurance -$96
HOA -$5
Property Management Fees -$99
CASH FLOW
$240

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.

$900,000

PROJECTED PRICE

$4,430

PROJECTED RENT

0.49%

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

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$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$3,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $225,000
Loan Amount $675,000
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$84,087

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,430

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $4,760

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$4,250
1$4,2502$4,4303$4,7004$4,7505$5,000
$5,000
RENT COMPS ANALYSIS
  • 26585 N 86th Way Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,513 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,513 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,430
    • $1.26
    •  
  • 10080 E Buckskin Trail Scottsdale, AZ 1
    • 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
    •  
  • 26340 N 82nd Street Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,596 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,596 Sqft ∙ Built 1988
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.31
    •  
  • 9731 E Hidden Green Drive Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,436 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,436 Sqft ∙ Built 1997
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $1.38
    •  
  • 24531 N 77th Street Scottsdale, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Cindy Metz
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161191
Last Updated: 11/25/2020
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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