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27000 N Alma School Parkway #2001 Scottsdale, AZ 85262

3 Beds 3 Baths 2,379 sqft Built 2009

$650,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $273.22
  • 5 Days on Market
  • MLS # : 6172585
  • Updated Date : 01/02/2021 at 18:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,379 sqft
  • Baths : 3 full
Listing Agent

Platinum Realty Group

Listing Agent's Description

Gorgeous mountain & city views out of every window! Located within the esteemed gated community of Pinnacle Pointe/Eagles Pass, this turnkey property is perfect for a second home or year-round residence. This 3 bed/3bath condo encompasses all upgraded finishes; a spacious open split floor plan perfect for entertaining, with a large open kitchen andhuge breakfast bar overlooking the great room, solid 8' alder doors, plantation shutters, fireplace, alder cabinetry throughout, granite countertops in kitchen and baths, gas cooktop, and built in stainless steel appliances.Oversized master with large walk-in closet. Additional bedrooms are also large, one with its own ensuite bath (second master). Amazing mountain, city light, and sunset views from your balcony. You can even watch fireworks

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Troon North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $122k813k

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

Neighborhood: Troon North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
 

$585,000$715,000$650,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$2,398
Property Tax -$1,225
Property Insurance -$74
HOA -$345
Property Management Fees -$99
CASH FLOW
-$661

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.

$650,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 4.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$481

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
  • $3,188

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8953$3,0004$3,4005$3,850
$3,850
RENT COMPS ANALYSIS
  • 27000 N Alma School Parkway #2001 Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,379 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,379 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10764 E Greythorn Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2000
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.30
    •  
  • 28873 N 111th Place Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,421 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,421 Sqft ∙ Built 1998
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.24
    •  
  • 27000 N Alma School Parkway #2004 Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2014
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.29
    •  
  • 11063 E Greythorn Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 1992
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.53
    •  
PROPERTY LISTING DETAILS
Jennifer Wesley
Platinum Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172585
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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