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33550 N Dove Lakes Drive #2027 Cave Creek, AZ 85331

2 Beds 2 Baths 1,383 sqft Built 2007

$335,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $242.23
  • 3 Days on Market
  • MLS # : 6193130
  • Updated Date : 02/12/2021 at 02:45
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,383 sqft
  • Baths : 2 full
Listing Agent

Ardent Realty & Management

Listing Agent's Description

Beautiful condo located in the wonderful and majestic Villagio at Dove Valley Golf Club. Upon entry you are greeted with all wood flooring, large Great Room with corner gas fireplace, ,dining area, well equipped kitchen with gas stove. On-Suite bedroom features a tiled walk-in shower. Home also features a private balcony and garage with built-in cabinets.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villagio at Dove Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Villagio at 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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,164
Property Tax -$164
Property Insurance -$54
HOA -$305
Property Management Fees -$99
CASH FLOW
-$105

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.

$335,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,780

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,584

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,8953$1,9504$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 33550 N Dove Lakes Drive #2027 Cave Creek, AZ 1
    • 2 beds 2 baths ∙ 1,383 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,383 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.21
    •  
  • 33575 N Dove Lakes Drive #1023 Cave Creek, AZ 2
    • 2 beds 2 baths ∙ 1,702 Sqft ∙ Built 2016 2 beds 2 baths ∙ 1,702 Sqft ∙ Built 2016
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.11
    •  
  • 33550 N Dove Lakes Drive #1008 Cave Creek, AZ 3
    • 2 beds 2 baths ∙ 1,702 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,702 Sqft ∙ Built 2007
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.15
    •  
  • 33550 N Dove Lakes Drive #2044 Cave Creek, AZ 4
    • 2 beds 2 baths ∙ 1,702 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,702 Sqft ∙ Built 2007
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.15
    •  
  • 33575 N Dove Lakes Drive #2011 Cave Creek, AZ 5
    • 2 beds 2 baths ∙ 1,702 Sqft ∙ Built 2013 2 beds 2 baths ∙ 1,702 Sqft ∙ Built 2013
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.17
    •  
PROPERTY LISTING DETAILS
Jacqueline Wareing
Ardent Realty & Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193130
Last Updated: 02/12/2021
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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