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31030 N 42nd Place Cave Creek, AZ 85331

3 Beds 2 Baths 1,625 sqft Built 1993

$365,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $224.62
  • 2 Days on Market
  • MLS # : 6181744
  • Updated Date : 01/17/2021 at 04:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,625 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Perfect single story home located in the sought after Tatum Ranch community! The gourmet kitchen incorporates granite counters, center island, stainless appliances, and a deep storage pantry. Other features include recently painted exterior, 24in ceramic tile flooring, hand-scraped hardwood flooring, 12ft ceilings, 7ft doors, upgraded ceiling fans, double sided fireplace, and a 2 car garage with storage cabinetry. The master suite has a large walk-in closet, private patio exit, and a full bathroom with dual sinks, soaker tub, and a walk-in shower. The private backyard backs to the wash and has an extended covered patio, low maintenance landscaping, and a view fence for peaceful desert views.

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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,268
Property Tax -$178
Property Insurance -$59
HOA -$9
Property Management Fees -$99
CASH FLOW
-$13

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.

$365,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$20,354

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
  • $1,800

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$2,0004$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 31030 N 42nd Place Cave Creek, AZ 1
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4289 E Creosote Drive Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1995
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.06
    •  
  • 31007 N 43rd Place Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 1992
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.10
    •  
  • 4052 E Palo Brea Lane Cave Creek, AZ 4
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1991
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
  • 30209 N 40th Way Cave Creek, AZ 5
    • 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1989
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.10
    •  
PROPERTY LISTING DETAILS
Jeffrey M Sibbach
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181744
Last Updated: 01/17/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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