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30663 N 44th Street Cave Creek, AZ 85331

4 Beds 2 Baths 1,811 sqft Built 1993

$450,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $248.48
  • 4 Days on Market
  • MLS # : 6183922
  • Updated Date : 01/21/2021 at 19:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,811 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Fantastic location, close to great dining and downtown Cave Creek, just across the road from Tatum Ranch Golf Club. Large corner lot with no neighbors behind. Vaulted ceilings, recent flooring, paint and baseboards throughout. This kitchen boasts newer marble countertops and hardware, stainless steel appliances, tons of refinished cabinets, and an island with a breakfast bar. Reverse Osmosis system just installed. The huge owner's suite boasts dual sink vanity, separate shower and garden tub, refinished cabinets and new hardware. The covered patio is perfect for an outdoor living space overlooking the beautiful pool, spacious yard, and producing citrus tree. See this gem right away, it will not last!

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
Desert Willow Elementary School Primary Regular 675 34 9
Desert Willow Elementary School Middle Regular 675 34 9
Cactus Shadows High School High Regular 1,704 70 8

Desert Willow Elementary School

  • Education Level: Primary
  • # of students: 675
  • # of teachers: 34
9
GreatSchools Rating

Desert Willow Elementary School

  • Education Level: Middle
  • # of students: 675
  • # of teachers: 34
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,563
Property Tax -$220
Property Insurance -$63
HOA -$9
Property Management Fees -$99
CASH FLOW
-$93

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.

$450,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$19,066

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,182

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,860
1$1,8602$2,0003$2,2004$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 30663 N 44th Street Cave Creek, AZ 1
    • 4 beds 2 baths ∙ 1,811 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,811 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.03
    •  
  • 4052 E Palo Brea Lane Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1991
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
  • 4223 E Wildcat Drive Cave Creek, AZ 3
    • 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1992
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.18
    •  
  • 4209 E Cascalote Drive Cave Creek, AZ 4
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1992
    property image
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.32
    •  
  • 4245 E Creosote Drive Cave Creek, AZ 5
    • 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 1994
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.15
    •  
PROPERTY LISTING DETAILS
Fred P Weaver Iv
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183922
Last Updated: 01/21/2021
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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