Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

30217 N 60th Street Cave Creek, AZ 85331

4 Beds 3 Baths 1,917 sqft Built 1987

$649,999

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $339.07
  • 3 Days on Market
  • MLS # : 6195184
  • Updated Date : 02/27/2021 at 18:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,917 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

AMAZING REMODEL!! Own your piece of paradise with this beautiful remodel nestled in Cave Creek! This over one acre property offers a 4 bedroom, 2.5 bath home that has been recreated to make an open floorplan with a new kitchen, new bathrooms, new flooring, paint, electrical, plumbing, and more! The exterior of the home has been given new life with pre-colored stucco, new windows, new roof, new patio, and a new HVAC unit. Also on the property is a detached two car garage with a new roof and exterior paint, horse turn out, and a new design to the circle driveway.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Boulders

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Boulders

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453924

* 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
 

$584,999$714,999$649,999

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$2,258
Property Tax -$227
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
-$588

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.

$649,999

PROJECTED PRICE

$2,060

PROJECTED RENT

0.32%

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$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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,499
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,271

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,324

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9753$2,0004$2,0605$2,400
$2,400
RENT COMPS ANALYSIS
  • 30217 N 60th Street Cave Creek, AZ 4
    • 4 beds 3 baths ∙ 1,917 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,917 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $1.07
    •  
  • 29831 N 66th Street Cave Creek, AZ 1
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1987
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.22
    •  
  • 6110 E Milton Drive Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2001
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.05
    •  
  • 30240 N 60th Street Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1976
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.27
    •  
  • 6116 E Morning Vista Lane Cave Creek, AZ 5
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1991
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.31
    •  
PROPERTY LISTING DETAILS
Zachary Mcquain
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195184
Last Updated: 02/27/2021
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.

BESbswy