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32233 N 48th Street Cave Creek, AZ 85331

3 Beds 2 Baths 2,208 sqft Built 2000

$569,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $257.70
  • 4 Days on Market
  • MLS # : 6176982
  • Updated Date : 01/07/2021 at 23:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,208 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Former Model in Gated Community. Large yard with lap pool and artificial Turf. Great open floorplan. Recent upgrades include New Roof, New AC unit, New Wood Plank Tile in Master, Family and Dining Area. Stone Fireplace in Great Room. Split floorplan with spacious master suite. Insulated 3 Car Garage with heat and AC.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ashler Hills Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k513k

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

Neighborhood: Ashler Hills Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452390

* 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
Lone Mountain Elementary School Primary Regular 589 31 9
Lone Mountain Elementary School Middle Regular 589 31 9
Cactus Shadows High School High Regular 1,704 70 8

Lone Mountain Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 31
9
GreatSchools Rating

Lone Mountain Elementary School

  • Education Level: Middle
  • # of students: 589
  • # of teachers: 31
9
GreatSchools Rating

Cactus Shadows High School

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

$512,100$625,900$569,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,976
Property Tax -$278
Property Insurance -$70
HOA -$14
Property Management Fees -$99
CASH FLOW
-$7

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.

$569,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,535

INVESTMENT

$156,535

Down Payment
$142,250
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,976

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,250
Loan Amount $426,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$32,792

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,517

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,4303$2,6004$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 32233 N 48th Street Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $1.10
    •  
  • 4537 E Thunder Hawk Road Cave Creek, AZ 1
    • 3 beds 2 baths ∙ 2,378 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,378 Sqft ∙ Built 2001
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.95
    •  
  • 4306 E Wildcat Drive Cave Creek, AZ 3
    • 3 beds 3 baths ∙ 2,146 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,146 Sqft ∙ Built 1992
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.21
    •  
  • 4605 E Red Range Way Cave Creek, AZ 4
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2002
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.16
    •  
  • 5207 E Lone Mountain Road Cave Creek, AZ 5
    • 4 beds 2 baths ∙ 2,218 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,218 Sqft ∙ Built 1986
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.24
    •  
PROPERTY LISTING DETAILS
Gina Gullquist
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176982
Last Updated: 01/07/2021
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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