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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $169.76
- 3 Days on Market
- MLS # : 6167655
- Updated Date : 12/04/2020 at 11:38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,855 sqft
- Baths : 2 full , 1 half
Listing Agent
Offerpad
Listing Agent's Description
Don't miss this two story townhome in The Preserve at Cave Creek! This home offers travertine tile in the main areas and new carpeting in the bedrooms. The living room has vaulted ceilings and a fireplace and is open to the dining/kitchen areas. The kitchen features granite tile countertops and stainless steel appliances. Half bathroom on the main floor for guests' convenience. All bedrooms and full bathrooms located on the second floor. The primary bedroom has an ensuite bathroom with dual sinks, separate shower and tub, and a walk in closet. Three balconies, one off the dining room, a shared balcony off the secondary bedrooms and a private balcony off the primary bedroom. Close to lots of shopping, dining, golf, hiking and biking trails and easy freeway access. Vacant, come see!
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PRICE & RENT TRENDS
Neighborhood: Preserve at Cave Creek Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Preserve at Cave Creek Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$216 | |
| Property Insurance | -$63 | |
| HOA | -$245 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$74
|
||
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.
$314,900
PROJECTED PRICE
$1,860
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,199
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,725 |
| Loan Amount | $236,175 |
6.17
YEARS SAVED
$26,084
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,036
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
19226 N Cave Creek Road #103 Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,855 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,855 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,860
- $1.00
-
2120 E Rosemonte Drive Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1998
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.99
-
2108 E Marco Polo Road Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 1995
LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,850
- $1.05
-
1967 E Rockwood Drive Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 1989
LEASED 10/05/20- Rent
- Rent Per SQFT
- $2,105
- $1.13
-
19426 N 23rd Way Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,043 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,043 Sqft ∙ Built 1998
LEASED 06/15/20- Rent
- Rent Per SQFT
- $2,499
- $1.22
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167655
Last Updated: 12/04/2020
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.
