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30487 N 77th Place Scottsdale, AZ 85266

5 Beds 5 Baths 4,518 sqft Built 2005

$1,795,000

List Price

$5,870

$5.6K - $6.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $397.30
  • 4 Days on Market
  • MLS # : 6203748
  • Updated Date : 03/11/2021 at 15:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,518 sqft
  • Baths : 5 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

PANORAMIC VIEWS IN THE FOOTHILLS OF NORTH SCOTTSDALE! This beautiful custom built Hacienda style home stands on one of the best lots in the Lone Mountain Vista community. The southern exposed outdoor living space boasts incredible sunsets, mountains and city lights from east to west. This 5 bedroom, 5 bath home is anchored by a warm and inviting great room with sliding glass doors that tuck away to enjoy the best of Arizona indoor/outdoor living. The warm finishes throughout honor the southwest design, with expansive wood beams in the ceiling and rich Saltillo tile floors throughout. Antique wood doors from Mexico add to the charm of the home. Entertaining is easy in the gourmet eat-in kitchen complete with top of the line Viking appliances. The main level of the property hosts th

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PRICE & RENT TRENDS

Neighborhood: Lone Mountain Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k752k

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

Neighborhood: Lone Mountain Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453882

* 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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

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

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$1,615,500$1,974,500$1,795,000

PURCHASE PRICE

$5,283$6,457$5,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,870
EXPENSES Loan Payment -$6,235
Property Tax -$838
Property Insurance -$115
HOA -$7
Property Management Fees -$99
CASH FLOW
-$1,424

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.

$1,795,000

PROJECTED PRICE

$5,870

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$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k$40k

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$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$481,425

INVESTMENT

$481,425

Down Payment
$448,750
Rehab Estimate
$5,750
Closing Costs
$26,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$6,235

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $448,750
Loan Amount $1,346,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$16,112

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,870

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $4,744

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$5,5003$5,870
$5,870
RENT COMPS ANALYSIS
  • 30487 N 77th Place Scottsdale, AZ 3
    • 5 beds 5 baths ∙ 4,518 Sqft ∙ Built 2005 5 beds 5 baths ∙ 4,518 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $5,870
    • $1.30
    •  
  • 7380 E Mark Lane Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 4,421 Sqft ∙ Built 1995 4 beds 4 baths ∙ 4,421 Sqft ∙ Built 1995
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.81
    •  
  • 7214 E Alta Sierra Drive Scottsdale, AZ 2
    • 5 beds 5 baths ∙ 4,276 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,276 Sqft ∙ Built 2003
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.29
    •  
PROPERTY LISTING DETAILS
Barry Conser
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203748
Last Updated: 03/11/2021
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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