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29001 N 51st Place Cave Creek, AZ 85331

4 Beds 3 Baths 2,771 sqft Built 2000

$549,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $198.12
  • 2 Days on Market
  • MLS # : 6209919
  • Updated Date : 03/20/2021 at 21:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,771 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Check out this Tatum Ranch on trend remodel! This freshly painted open concept floor plan features all new windows with lots of natural light. The kitchen features white cabinets, contrasting granite counters, stainless appliances and a huge pantry. New wood plank tile throughout the downstairs and bathrooms and all new plush upgraded carpet in the bedrooms. Upstairs you will find 4 large bedrooms, all with walk-in closets, and a spacious loft. New roof, new windows, new AC unit, new counters and flooring all in the last 2 years! Located minutes from Desert Ridge and the new shopping and dining going in at City North. Enjoy the miles of walking trails, great parks, Tatum Ranch's private golf course, and dining and shopping a short walk away! Located in Cave Creek school district.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tatum Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Tatum Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452388

* 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
 

$494,100$603,900$549,000

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 -$1,907
Property Tax -$268
Property Insurance -$81
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.

$549,000

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) 4.5%
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$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,907

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$26,096

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
  • $3,263

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$3,2004$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 29001 N 51st Place Cave Creek, AZ 1
    • 4 beds 3 baths ∙ 2,771 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,771 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4819 E Barwick Drive Cave Creek, AZ 2
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1999
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.08
    •  
  • 5124 E Peak View Road Cave Creek, AZ 3
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1999
    property image
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.23
    •  
  • 29424 N 49 Street Cave Creek, AZ 4
    • 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 1999
    property image
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.13
    •  
  • 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
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.27
    •  
PROPERTY LISTING DETAILS
Meghan S Backs
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209919
Last Updated: 03/20/2021
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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