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32644 N 40th Place Cave Creek, AZ 85331

4 Beds 3 Baths 3,497 sqft Built 2003

$690,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $197.31
  • 7 Days on Market
  • MLS # : 6189528
  • Updated Date : 02/14/2021 at 00:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,497 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Welcome to Emerald Greens at Dove Valley Ranch a perfect location for your sonoran desert lifestyle. 40th Place is a well appointed, impeccably maintained, spaciously arranged home boasting spectacular sunsets & airy, open indoor-outdoor living. Within nearly 3,500 sq ft you will find 4bds, 3ba, home office/5th bed option, a loft, dining room & bonus/sitting room. Slab granite counters, an all stainless & gas cooking chefs kitchen, oversized kitchen pantry and butlers pantry make casual bites & memory making celebrations easy. Updates to all 3 baths, 2020 downstairs and owners suite with zero edge all tile shower & soaking tub. Enjoy the latest in heat/cool energy efficiency w Jan'21 new furnaces & air conditioning units, below avg utility bills via leased solar panel energy system.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dove Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Dove Valley 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
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
 

$621,000$759,000$690,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,397
Property Tax -$337
Property Insurance -$95
HOA -$21
Property Management Fees -$99
CASH FLOW
$41

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.

$690,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.43%

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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$188,600

INVESTMENT

$188,600

Down Payment
$172,500
Rehab Estimate
$5,750
Closing Costs
$10,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,397

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,500
Loan Amount $517,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$43,862

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
  • $3,940

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$4,0004$4,000
$4,000
RENT COMPS ANALYSIS
  • 32644 N 40th Place Cave Creek, AZ 1
    • 4 beds 3 baths ∙ 3,497 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,497 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4633 E Sierra Sunset Trail Cave Creek, AZ 2
    • 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 2000
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.00
    •  
  • 3717 E Villa Cassandra Way Cave Creek, AZ 3
    • 4 beds 4 baths ∙ 3,451 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,451 Sqft ∙ Built 2002
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.16
    •  
  • 4123 E Lonesome Trail Cave Creek, AZ 4
    • 5 beds 4 baths ∙ 3,278 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,278 Sqft ∙ Built 2008
    property image
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.22
    •  
PROPERTY LISTING DETAILS
Michelle Cottingham
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189528
Last Updated: 02/14/2021
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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