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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $252.83
- 2 Days on Market
- MLS # : 6162123
- Updated Date : 11/21/2020 at 02:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,503 sqft
- Baths : 2 full
Listing Agent
Better Homes & Gardens Real Estate Sonoran Desert Lifestyles
Listing Agent's Description
Welcome Home! Turn key and ready for a new owner in this beautiful Tatum Ranch Community. The Home is on a cul-de-sac and is Close to Restaurants, Shopping, Even Horse Boarding Facilities are Close By! This Lovely Home Welcomes You with an Open Floor Plan, 3 Bedrooms, Plus Den/Office, and 2 Baths. Beautiful Large Kitchen with Gas Stove! YES!! Plantation Shutters, New Lighting, Paint, and ALSO as a BONUS*** Newer Washer and Dryer!! This is a Great Home to Entertain in, and Easy to Maintain. Bring your Glass of Wine or maybe even a cup of Coffee to the Back Patio/Yard and ENJOY Cave Creek Living!
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PRICE & RENT TRENDS
Neighborhood: Tatum Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tatum Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$1,402 |
| Property Tax | -$186 | |
| Property Insurance | -$57 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$162
|
||
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.
$380,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$106,450
LOAN DETAILS
$1,402
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
3.5
YEARS SAVED
$13,700
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,792
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
29222 N 51st Place Cave Creek, AZ 1
- 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,590
- $1.06
-
29445 N 51st Street Cave Creek, AZ 2
- 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1999
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,850
- $1.10
-
5128 E Roy Rogers Road Cave Creek, AZ 3
- 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1999
LEASED 07/13/20- Rent
- Rent Per SQFT
- $1,900
- $1.15
-
29605 N 51st Street Cave Creek, AZ 4
- 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1999
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,995
- $1.19
-
5130 E Armor Street Cave Creek, AZ 5
- 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1998
LEASED 12/20/19- Rent
- Rent Per SQFT
- $2,000
- $1.33
PROPERTY LISTING DETAILS
Better Homes & Gardens Real Estate Sonoran Desert Lifestyles
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162123
Last Updated: 11/21/2020
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.
