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8820 E Lariat Lane Scottsdale, AZ 85255

4 Beds 4 Baths 3,915 sqft Built 2014

$1,875,000

List Price

$7,070

$6.8K - $7.3K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $478.93
  • 3 Days on Market
  • MLS # : 6172666
  • Updated Date : 12/18/2020 at 14:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,915 sqft
  • Baths : 3 full , 1 half
Listing Agent

Usrealty Brokerage Solutions Llp

Listing Agent's Description

Luxurious contemporary estate in sought after, gated neighborhood of North Scottsdale. Built in 2014. The home is within walking distance to Pinnacle Peak mountain and offers stunning views with modern amenities. Arrive at this cul-de-sac, flag lot home through it's 150 foot long paver driveway. The private 3900+ft estate has 4 bedrooms (plus an office) 4 baths, a 3 car garage w/ epoxy floors sitting on over 1.5 acres. The home offers extensive mountain views from the entry courtyard, extensive rear covered patio, and 6 multi-sliding glass door units throughout the great room and formal living room. Walk-out to the resort style yard with a contemporary pool, fire pit, cabana, sport court, turf lawn, built in BBQ and play equipment.

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
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
 

$1,687,500$2,062,500$1,875,000

PURCHASE PRICE

$6,363$7,777$7,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $7,070
EXPENSES Loan Payment -$6,918
Property Tax -$876
Property Insurance -$103
HOA -$105
Property Management Fees -$99
CASH FLOW
-$1,031

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.

$1,875,000

PROJECTED PRICE

$7,070

PROJECTED RENT

0.38%

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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k$0.0$20k$40k$60k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$502,625

INVESTMENT

$502,625

Down Payment
$468,750
Rehab Estimate
$5,750
Closing Costs
$28,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$6,918

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $468,750
Loan Amount $1,406,250
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$50,238

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $7,070

    LIST RENT
  • $1.81

    LIST RENT PER SQFT
  • $5,690

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$4,500
1$4,5002$6,0003$7,0004$7,070
$7,070
RENT COMPS ANALYSIS
  • 8820 E Lariat Lane Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,915 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,915 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $7,070
    • $1.81
    •  
  • 24809 N 84th Street Scottsdale, AZ 1
    • 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
    •  
  • 25975 N 89th Street Scottsdale, AZ 2
    • 3 beds 4 baths ∙ 3,804 Sqft ∙ Built 2010 3 beds 4 baths ∙ 3,804 Sqft ∙ Built 2010
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.58
    •  
  • 9701 E Happy Valley Road #30 Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 4,211 Sqft ∙ Built 1997 3 beds 4 baths ∙ 4,211 Sqft ∙ Built 1997
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,000
    • $1.66
    •  
PROPERTY LISTING DETAILS
Ryan Gehris
Usrealty Brokerage Solutions Llp
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172666
Last Updated: 12/18/2020
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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