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32756 N 50th Street Cave Creek, AZ 85331

3 Beds 3 Baths 1,960 sqft Built 2019

INVESTimate

$412,000

List Price

$2,240

$2,016 - $2,464

Rent Est.

$425,184  ( +3.20%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $210.20
  • 8 Days on Market
  • MLS # : 6119373
  • Updated Date : 08/19/2020 at 09:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,960 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Enjoy Living at The Villas at Rancho Paloma in Cave Creek! This stunning ENERGY STARcertified two-story home features an open concept, bright floor plan for comfortable living. Thegenerous great room includes tile flooring throughout which opens up to a gorgeous gourmetkitchen, equipped with gas range, ample cabinetry, granite countertops, high-end stainless steelappliances, double-oven, microwave, & dishwasher. Head upstairs to the spacious master suitewith views of the McDowell Mountains! Large master bath, walk-in shower, separate tub, andhuge closet. The two secondary bedrooms are both spacious & bright. Large premium end-lot,natural gas package & hook up for outside grill. Extended patio in back for comfortable shade.Commercial grade full house water softener & epoxied

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
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
GreatSchools Rating

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
 

$370,800$453,200$412,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

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$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,520
Property Tax -$201
Property Insurance -$65
HOA -$91
Property Management Fees -$99
CASH FLOW
$263

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$412,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.20%
Maintenance Year (1-5) 3.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,180

INVESTMENT

$111,180

Down Payment
$103,000
Rehab Estimate
$2,000
Closing Costs
$6,180

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,520

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,000
Loan Amount $309,000
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$64,002

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
  • $2,283

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,2004$2,2955$2,300
$2,300
RENT COMPS ANALYSIS
  • 32756 N 50th Street Cave Creek, 1
    • 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4349 E Smokehouse Trail Cave Creek, 2
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2000
    property image
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.22
    •  
  • 4429 E Smokehouse Trail Cave Creek, 3
    • 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2001
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.23
    •  
  • 4714 E Woburn Lane Cave Creek, 4
    • 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 2003
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.13
    •  
  • 4528 E Matt Dillon Trail Cave Creek, 5
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2000
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.08
    •  
PROPERTY LISTING DETAILS
Ashley Hutson
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119373
Last Updated: 08/19/2020
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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