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30309 N 53rd Street Cave Creek, AZ 85331

3 Beds 4 Baths 2,805 sqft Built 2013

$835,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $297.68
  • 9 Days on Market
  • MLS # : 6187832
  • Updated Date : 02/06/2021 at 00:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,805 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Dramatic property in the gated Monte Vista community of Cave Creek. A beautiful courtyard welcomes you into the sensational custom glass front door that leads you into a light and bright home with impressive upgrades throughout. This open concept 3bed /3.5 bath plus large den home will please around every corner. The beautiful kitchen features a large granite island, lots of storage and pull out drawers, a generous walk-in pantry and so much more. The great room with the high 12foot ceilings is the perfect space with a custom stone fireplace and cabinet built-ins. The convenient split floor plan provides 2 ensuite bedrooms &plenty of privacy for the master suite. The master bedroom is spacious with his and her closets, double vanities and the master bath is your own personal paradise!

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
 

$751,500$918,500$835,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,900
Property Tax -$408
Property Insurance -$82
HOA -$64
Property Management Fees -$99
CASH FLOW
-$1,033

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.

$835,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.30%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$227,025

INVESTMENT

$227,025

Down Payment
$208,750
Rehab Estimate
$5,750
Closing Costs
$12,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,900

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $208,750
Loan Amount $626,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$420

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $3,142

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,520
1$2,5202$2,9003$2,9004$2,9005$3,200
$3,200
RENT COMPS ANALYSIS
  • 30309 N 53rd Street Cave Creek, AZ 1
    • 3 beds 4 baths ∙ 2,805 Sqft ∙ Built 2013 3 beds 4 baths ∙ 2,805 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $0.90
    •  
  • 4836 E Eden Drive Cave Creek, AZ 2
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1999
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.12
    •  
  • 4840 E Eden Drive Cave Creek, AZ 3
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1999
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.12
    •  
  • 4809 E Palo Brea Lane Cave Creek, AZ 4
    • 3 beds 3 baths ∙ 2,620 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,620 Sqft ∙ Built 1997
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.11
    •  
  • 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 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.13
    •  
PROPERTY LISTING DETAILS
Azroy Salim
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187832
Last Updated: 02/06/2021
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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