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9831 N 76th Place Scottsdale, AZ 85258

4 Beds 3 Baths 2,979 sqft Built 1984

$980,000

List Price

$3,680

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $328.97
  • 2 Days on Market
  • MLS # : 6188264
  • Updated Date : 02/06/2021 at 01:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,979 sqft
  • Baths : 3 full
Listing Agent

Century 21 Toma Partners

Listing Agent's Description

This Tarantini custom 4 BR 3 Bath home is beyond Spacious and Charming, Open floor plan in a highly sought-after area of Scottsdale truly a gem in the desert. Amazing Vaulted Ceilings, perfect floorplan w/separated master suites. The Master On Suite has a large walk-in closet, its own full bath & its own doorway to the beautiful yard area and the Guest Master has its own bathroom and entrance to a pool & patio. For the entertainer a must see with a added bonus of being just a few miles from Old Scottsdale and shopping in a highly rated school district. This home is simply fabulous.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Jason Manor

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k581k

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

Neighborhood: Jason Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453130

* 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
Cochise Elementary School Primary Regular 579 33 10
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cochise Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 33
10
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$882,000$1,078,000$980,000

PURCHASE PRICE

$3,312$4,048$3,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,680
EXPENSES Loan Payment -$3,404
Property Tax -$458
Property Insurance -$85
HOA -$3
Property Management Fees -$99
CASH FLOW
-$369

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.

$980,000

PROJECTED PRICE

$3,680

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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-$10k$0.0$10k$20k$30k

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$265,450

INVESTMENT

$265,450

Down Payment
$245,000
Rehab Estimate
$5,750
Closing Costs
$14,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$3,404

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $245,000
Loan Amount $735,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$30,116

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,680

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $3,701

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$3,4993$3,5504$3,6805$5,250
$5,250
RENT COMPS ANALYSIS
  • 9831 N 76th Place Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,680
    • $1.24
    •  
  • 10572 N 79th Street Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,904 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,904 Sqft ∙ Built 1981
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.90
    •  
  • 8134 E Del Rubi Drive Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1980
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,499
    • $1.21
    •  
  • 10422 N 82nd Place Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,153 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,153 Sqft ∙ Built 1979
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.13
    •  
  • 7039 E Fanfol Drive Paradise Valley, AZ 5
    • 5 beds 3 baths ∙ 3,043 Sqft ∙ Built 1983 5 beds 3 baths ∙ 3,043 Sqft ∙ Built 1983
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.73
    •  
PROPERTY LISTING DETAILS
Darrell Scott Lamoure
Century 21 Toma Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188264
Last Updated: 02/06/2021
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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