Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

33103 N 40th Place Cave Creek, AZ 85331

4 Beds 5 Baths 3,116 sqft Built 2009

$545,000

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $174.90
  • 6 Days on Market
  • MLS # : 6175344
  • Updated Date : 12/29/2020 at 15:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,116 sqft
  • Baths : 4 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Fantastic cul de sac lot, BASEMENT HOME with no neighbors behind. Stunning 4 bedroom, 4.5 bath home with 12 foot vaulted ceilings throughout main floor. 3 bedrooms downstairs all with their own full bath and walk in closets. Kitchen has granite countertops, island with breakfast bar, updated new double sink (Kohler), pantry, and tons of cabinets. Beautiful office with coffered ceiling and built-in desk and storage. Unbelievable owners suite with luxury bath, dual vanities, a sitting vanity, and walk-in shower and massive walk-in closet. Desert Landscaping with landscaping lights on front and rear of house, artificial turf in backyard with paver walkway in front from driveway through the backyard. This home has been well maintained and it shows. Go see it now, it will not last!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vista Montana at Dove Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Vista Montana at Dove 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
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
 

$490,500$599,500$545,000

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$2,011
Property Tax -$266
Property Insurance -$88
HOA -$21
Property Management Fees -$99
CASH FLOW
$525

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.

$545,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.6%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$150,175

INVESTMENT

$150,175

Down Payment
$136,250
Rehab Estimate
$5,750
Closing Costs
$8,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,250
Loan Amount $408,750
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$101,012

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
  • $3,560

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,2004$3,4005$4,000
$4,000
RENT COMPS ANALYSIS
  • 33103 N 40th Place Cave Creek, AZ 1
    • 4 beds 5 baths ∙ 3,116 Sqft ∙ Built 2009 4 beds 5 baths ∙ 3,116 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 33825 N Pate Place Cave Creek, AZ 2
    • 5 beds 3 baths ∙ 2,769 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,769 Sqft ∙ Built 2002
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.12
    •  
  • 4633 E Sierra Sunset Trail Cave Creek, AZ 3
    • 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.00
    •  
  • 33824 N Pate Place Cave Creek, AZ 4
    • 5 beds 3 baths ∙ 2,769 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,769 Sqft ∙ Built 2002
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.23
    •  
  • 4123 E Lonesome Trail Cave Creek, AZ 5
    • 5 beds 4 baths ∙ 3,278 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,278 Sqft ∙ Built 2008
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.22
    •  
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 #: 6175344
Last Updated: 12/29/2020
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.

BESbswy