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27601 N 47th Street Cave Creek, AZ 85331

4 Beds 2 Baths 2,544 sqft Built 1999

$550,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $216.19
  • 2 Days on Market
  • MLS # : 6193266
  • Updated Date : 02/13/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,544 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This Home is a Keeper !! Located in the gated community Diamond Creek . Beautiful curb appeal, with new paver walkway , gated courtyard & leaded glass double front doors to greet your guest. Single Level 4 Bedroom 2 Bath & 3 car garage with lots of storage & epoxy floor . All newer appliances in kitchen , granite counters , Oversized family room opens to kitchen , two-way fireplace to the formal living area. Billard or formal dining room too. Plantation Shutters . Mountain views !! Well designed backyard with Covered Patio and newer pavers , synthetic grass. Must see 3D Virtual Tour in tour click on floor plan to take you room to room

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Diamond Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k601k

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

Neighborhood: Diamond Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10452532

* 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
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,910
Property Tax -$269
Property Insurance -$77
HOA -$9
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.

$550,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$26,204

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,773

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,290
1$2,2902$2,3003$2,5504$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 27601 N 47th Street Cave Creek, AZ 1
    • 4 beds 2 baths ∙ 2,544 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,544 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.90
    •  
  • 26634 N 45th Street Cave Creek, AZ 2
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1996
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
  • 5004 E Desert Vista Trail Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 2,538 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,538 Sqft ∙ Built 1998
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.00
    •  
  • 4403 E Andrea Drive Cave Creek, AZ 4
    • 3 beds 2 baths ∙ 2,691 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,691 Sqft ∙ Built 1996
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.11
    •  
  • 5105 E Mark Lane Cave Creek, AZ 5
    • 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 1999
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.27
    •  
PROPERTY LISTING DETAILS
John Vietze
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193266
Last Updated: 02/13/2021
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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