ANNOTATED WALKTHROUGH

Inside a DepreciMax report

A real listing. 20 photos. Every finish, fixture, and outdoor amenity classified — with the model's reasoning shown for each line item. Click any number to see what's happening.

$6.8M
Purchase Price
20 photos
Analyzed
$1.49M
Year 1 Deduction
Closely
Calibrated to Formal Cost Seg
1
23891 N 125th St, Scottsdale, AZ, 85255
Single Family / STR · 4,958 SF · Built 2026 · STR
$6,775,000
Purchase Price
22%
Bonus Eligible %
✅ High Confidence · 20 photos analyzed Closely calibrated to formal cost seg
Report ID: DM-20260426-669G · Generated April 26, 2026
2
$6,775,000 property $1.49M Year 1 write-off $551k cash savings 22% bonus eligible @ 37% federal bracket
3
22%
Bonus-Eligible Year 1
$1.49M estimated deduction on $6.8M purchase price
~$551k
Year 1 Tax Savings @ 37% Federal
$1.49M
Year 1 Write-Off
30%
Land Value % of Purchase Price
4
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$551k
Year 1 Tax Savings
$1,355k
Cash to Close
$804k
Net Cash Outlay
Detailed Analysis
5
5-Year Personal Property 100% bonus
$977,387
Kitchen finishes & appliances PHOTO
Ultra-luxury kitchen visible in 5 photos: dual oversized waterfall marble islands with under-cabinet LED lighting, full-height custom flat-panel cabinetry in warm wood tone, commercial-grade stainless appliances (large built-in refrigerator/freezer columns, professional range with stainless hood, built-in wall ovens, built-in coffee/espresso system visible), marble backsplash, designer black matte plumbing fixtures, wood-plank ceiling detail. New construction 2026 — all factory-new. HIGH tier selected.
$424,807
Bath finishes & fixtures PHOTO
4.5 baths confirmed. Master bath clearly visible: freestanding soaking tub, dual floating vanities with stone countertops, full-height porcelain slab wall tile, frameless glass walk-through shower with designer tile accent wall, designer arc pendant fixtures, black matte hardware. Walk-in closet photo shows luxury built-in cabinetry system with glass doors and LED-lit display cases. 2026 new construction with 4.5 baths all at luxury tier. HIGH tier selected.
$265,505
Finish flooring throughout PHOTO
Mixed premium flooring visible across photos: wide-plank engineered hardwood in bedrooms, closet, and secondary living areas; large-format porcelain tile (24x48 or larger) in kitchen, great room, and main living areas; area rugs over both surfaces. 4,958 SF home with ~4,313 SF flooring area. All new 2026 construction. HIGH tier at $30/SF selected for premium mixed flooring.
$144,876
Lighting, AV, smart home & specialty electrical PHOTO
Extensive designer lighting throughout: oversized dome pendants in great room, linear LED pendants over kitchen islands, modern sputnik chandelier in master bedroom, LED ring fixtures in closet and office, designer arc sconces in master bath, woven globe pendants in secondary living, recessed cans throughout. Pool/landscape lighting visible at twilight photos. New construction = full smart home/AV expected.
$47,027
Furniture, fixtures & equipment (FF&E) PHOTO
Fully furnished luxury STR-ready: designer sofas and armchairs in great room (2 seating groups), sectional in secondary living, king bed with upholstered headboard and accent wall in master, executive desk and leather chair in office, dining sets, bar stools at kitchen islands (5 designer stools), and full outdoor furniture suite. Clearly a turnkey designer package.
$95,173
5-Year Subtotal
$977,387
6
15-Year Land Improvements 100% bonus
$513,113
Pool, spa & water features PHOTO
Resort-style infinity/negative-edge pool clearly visible in multiple photos: dark-finish tile, integrated sun shelf with in-water lounge chairs and bubblers/fountains, LED color lighting (blue accents visible at night), stone coping and travertine/stone surround decking, perimeter overflow channel.
$110,000
Outdoor living structures & amenities PHOTO
Exceptional outdoor living: full outdoor kitchen pavilion with louvered aluminum pergola, built-in professional grill, pizza oven with wood storage, large curved stone island with marble top and mosaic tile base, outdoor TV, glass-front bar cabinets, ceiling fan. Covered patio off great room with matching pergola system. Multiple distinct outdoor entertaining zones — among the most extensive observed.
$237,125
Landscaping, driveways & site improvements PHOTO
Extensive desert landscaping visible: large paver driveway/motor court, boulder placement throughout front yard, mature saguaro and barrel cacti, agave, desert trees (palo verde), decomposed granite ground cover, landscape lighting (pathway lanterns visible at pool), irrigation for desert plantings.
$165,988
15-Year Subtotal
$513,113
7
39-Year Structural NOT bonus eligible
$3,252,000
Building shell, framing, roof & structural systems ESTIMATE
Foundation, framing, exterior cladding (stone veneer + stucco), standing-seam metal roof, structural windows/doors, central HVAC ductwork, plumbing rough-in, electrical rough-in, drywall, paint, embedded structural finishes. Computed as depreciable basis minus all bonus-eligible items above.
$3,252,000
8
Methodology & calibration notes
NEW CONSTRUCTION 2026: All finishes are factory-new and fully separable per IRS guidelines. Every bucket pushed to HIGH tier per calibration rules for post-2020 builds, targeting the 30–38% bonus-eligible range.
Total bonus-eligible (5yr + 15yr) = $1,490,500, representing 31.4% of depreciable basis ($4,742,500). High structural cost of premium steel-frame windows, standing-seam metal roof, and stone veneer absorbs significant basis into 39-year.
Kitchen at HIGH ($424,807) is justified by dual waterfall marble islands, commercial-grade appliance suite (built-in refrigerator columns, professional range, wall ovens, espresso system), and full custom cabinetry visible across 5 kitchen photos.
Pool at HIGH ($110,000) is justified by infinity/negative-edge design with integrated sun shelf, in-water loungers, fountain bubblers, LED color lighting, and premium dark-tile finish — clearly resort-level amenity.
Outdoor living at HIGH ($237,125) is justified by full outdoor kitchen with pizza oven, professional grill, curved bar island, louvered pergola, outdoor TV, and multiple covered entertaining zones.
The estimate is most sensitive to (1) whether the property conveys fully furnished as shown (FF&E $95k), (2) actual appliance brands in kitchen, and (3) pool construction cost — a builder invoice for the pool alone could shift that bucket ±$20k.

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