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28207 N 44th Way Cave Creek, AZ 85331

5 Beds 4 Baths 3,931 sqft Built 2013

$629,900

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $160.24
  • 2 Days on Market
  • MLS # : 6165446
  • Updated Date : 11/27/2020 at 18:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,931 sqft
  • Baths : 3 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Don't miss this gorgeous home in Dynamite Estates on a spacious corner lot w 4 car garage, just steps away from beautiful Dynamite Park offering unlimited recreation. Spacious living/dining room as you enter the home with convenient bar area for ease of entertaining. Light, open eat-in kitchen with rich cabinetry, granite slab counters, 5 burner gas range, custom backsplash, large island with breakfast bar, HUGE pantry. Comfortable family room with direct access to back patio. Upstairs are all five bedrooms and huge bonus room that could be family room, game room, office or 6th bedroom. Spacious primary bedroom, elegant primary bath with dual sinks, tub and shower, walk in closet. Beautifully landscaped backyard, large covered patio, extended pavers, custom artificial turf. Awesome home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10452582

* 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 Willow Elementary School Primary Regular 675 34 9
Desert Willow Elementary School Middle Regular 675 34 9
Cactus Shadows High School High Regular 1,704 70 8

Desert Willow Elementary School

  • Education Level: Primary
  • # of students: 675
  • # of teachers: 34
9
GreatSchools Rating

Desert Willow Elementary School

  • Education Level: Middle
  • # of students: 675
  • # of teachers: 34
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$566,910$692,890$629,900

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,324
Property Tax -$329
Property Insurance -$104
HOA -$92
Property Management Fees -$99
CASH FLOW
$122

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.

$629,900

PROJECTED PRICE

$3,070

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$55,877

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $4,429

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$3,070
1$3,0702$4,0003$4,4004$5,500
$5,500
RENT COMPS ANALYSIS
  • 28207 N 44th Way Cave Creek, AZ 1
    • 5 beds 4 baths ∙ 3,931 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,931 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $0.78
    •  
  • 5310 E Windstone Trail Cave Creek, AZ 2
    • 6 beds 4 baths ∙ 4,212 Sqft ∙ Built 2009 6 beds 4 baths ∙ 4,212 Sqft ∙ Built 2009
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.95
    •  
  • 5695 E Blue Sky Drive Scottsdale, AZ 3
    • 5 beds 5 baths ∙ 3,930 Sqft ∙ Built 1998 5 beds 5 baths ∙ 3,930 Sqft ∙ Built 1998
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.12
    •  
  • 5914 E Dale Lane Cave Creek, AZ 4
    • 4 beds 4 baths ∙ 4,185 Sqft ∙ Built 1993 4 beds 4 baths ∙ 4,185 Sqft ∙ Built 1993
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.31
    •  
PROPERTY LISTING DETAILS
Max Shadle
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165446
Last Updated: 11/27/2020
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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