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33116 N 67th Street Cave Creek, AZ 85331

4 Beds 3 Baths 2,720 sqft Built 2000

$725,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $266.54
  • 3 Days on Market
  • MLS # : 6164478
  • Updated Date : 12/05/2020 at 18:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,720 sqft
  • Baths : 3 full
Listing Agent

Realty Executives

Listing Agent's Description

Wonderful Desert Foothills Area Light and Bright Home built in 2000 situated on 1.22 Acre Lot featuring views of Black Mountain. Pebble finished pool has in ground cleaning system installed approx 2011. Inviting front covered porch escorts you through security front door to a greatroom floorplan offering tall ceilings and skylights. You'll find granite countertops and pantry in the kitchen, which looks out French doors to the back patio & pool. A huge master suite is split from the other three bedrooms and has a jetted tub, separate walk in shower, and large walk in closet. The other wing has 3 guest bedrooms and 2 additional bathrooms. Adventure up a spiral staircase at the covered back patio and enjoy a large balcony view of the property, Black Mountain, as well as city lights. Horses

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Boulders

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Boulders

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453924

* 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
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$2,675
Property Tax -$253
Property Insurance -$80
Property Management Fees -$99
CASH FLOW
-$697

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.

$725,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.33%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,706

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,931

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,410
1$2,4102$2,6003$2,9004$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 33116 N 67th Street Cave Creek, AZ 1
    • 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.89
    •  
  • 7270 E Eagle Feather Road Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,443 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,443 Sqft ∙ Built 2001
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.06
    •  
  • 6593 E Evening Glow Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,751 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,751 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.05
    •  
  • 5902 E White Pine Drive Cave Creek, AZ 4
    • 3 beds 3 baths ∙ 3,037 Sqft ∙ Built 2012 3 beds 3 baths ∙ 3,037 Sqft ∙ Built 2012
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.99
    •  
  • 7558 E Visao Drive Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 2,719 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,719 Sqft ∙ Built 1999
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.21
    •  
PROPERTY LISTING DETAILS
Chris W Kirkpatrick
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164478
Last Updated: 12/05/2020
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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