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28822 N 43rd Street Cave Creek, AZ 85331

4 Beds 3 Baths 3,100 sqft Built 2000

$750,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $241.94
  • 3 Days on Market
  • MLS # : 6194543
  • Updated Date : 02/20/2021 at 15:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,100 sqft
  • Baths : 3 full
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Nestled in the pristine desert surroundings of Cave Creek, this stunning horse-property home exudes a unique ambience of Southwestern elegance intertwined with carefree everyday living. Front: Gated courtyard entry w/intimate flagstone porch. Inside: Living room w/dramatic beamed ceiling. Family room w/kiva-style fireplace, double-tiered windows, multi-storied ceiling motif. Beautifully appointed upscale kitchen w/handsome ash-hued Alder cabinetry, gorgeous granite counters, bi-level breakfast bar, island w/built-in wine-storage. Both formal and casual dining areas. Sun-kissed owner's retreat w/romantic fireplace, sumptuous private bath. Guest bedrooms w/Jack-and-Jill bath. French-doored office-den. Volume view windows throughout. Many rooms have patio access. Rear grounds: Comfy-cozy suns

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
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
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$2,605
Property Tax -$262
Property Insurance -$88
Property Management Fees -$99
CASH FLOW
-$693

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.

$750,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.31%

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-$10k-$5.0k$0.0$5.0k$10k$15k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,383

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,906

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$2,6004$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 28822 N 43rd Street Cave Creek, AZ 1
    • 4 beds 3 baths ∙ 3,100 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,100 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5041 E Peak View Road Cave Creek, AZ 2
    • 4 beds 3 baths ∙ 2,771 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,771 Sqft ∙ Built 1999
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.86
    •  
  • 29446 N 46th Place Cave Creek, AZ 3
    • 5 beds 3 baths ∙ 3,352 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,352 Sqft ∙ Built 1998
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.78
    •  
  • 30651 N 46th Place Cave Creek, AZ 4
    • 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 1989
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.98
    •  
  • 29424 N 49 Street Cave Creek, AZ 5
    • 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 1999
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.13
    •  
PROPERTY LISTING DETAILS
Melissa S Massey
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194543
Last Updated: 02/20/2021
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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