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33447 N Symer Drive Cave Creek, AZ 85331

4 Beds 3 Baths 2,132 sqft Built 2000

$480,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $225.14
  • 5 Days on Market
  • MLS # : 6157974
  • Updated Date : 11/13/2020 at 13:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,132 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Cave Creek location in GATED Dove Valley. REMODELED HOME W/ COMPLETE BACK YARD PRIVACY & MOUNTAIN VIEWS! 4 Spacious Bedrooms and 3 Baths, including 1 BEDROOM & FULL BATH ON 1ST FLOOR. Vaulted Ceilings, Lightly lived in & well cared for (no pets, no kids), neutral colors, plant shelves, upgraded light fixtures, NEW WOOD PLANK TILE. Eat-in kitchen features granite counter tops, custom cabinets, SS appliances include a NEW FRIDGE, pantry, extended kitchen island with breakfast bar. Kitchen overlooks dining area and family room- perfect for holidays & entertaining. HUGE MASTER BEDROOM & walk-in clst w/ Balcony\Deck off master bedroom w/ updated bathroom, featuring separate shower and jetted tub & dual sinks, NEW TILE AND GRANITE. Covered Patio out back with sparkling blue pool & mountain vie

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
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
 

$432,000$528,000$480,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,771
Property Tax -$235
Property Insurance -$69
HOA -$63
Property Management Fees -$99
CASH FLOW
$294

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.

$480,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.53%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$66,119

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
  • $2,526

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2953$2,3004$2,5005$2,750
$2,750
RENT COMPS ANALYSIS
  • 33447 N Symer Drive Cave Creek, AZ 1
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4714 E Woburn Lane Cave Creek, AZ 2
    • 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 2003
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.13
    •  
  • 4528 E Matt Dillon Trail Cave Creek, AZ 3
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2000
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.08
    •  
  • 4751 E Preserve Way Cave Creek, AZ 4
    • 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 2003
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.24
    •  
  • 4514 E Coyote Wash Drive Cave Creek, AZ 5
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2001
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.29
    •  
PROPERTY LISTING DETAILS
Sylvester E Wojtowicz
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157974
Last Updated: 11/13/2020
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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