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34017 N Pate Place Cave Creek, AZ 85331

3 Beds 2 Baths 1,853 sqft Built 2002

$429,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $232.00
  • 3 Days on Market
  • MLS # : 6193409
  • Updated Date : 02/14/2021 at 01:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,853 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Rarely available, wonderful one story home in a private gated section of beautiful Dove Valley Ranch! Perfect lock and leave, furniture available under separate contract.

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
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
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,493
Property Tax -$210
Property Insurance -$63
HOA -$21
Property Management Fees -$99
CASH FLOW
$63

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.

$429,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,493

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$30,688

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,284

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,2003$2,2954$2,4005$2,650
$2,650
RENT COMPS ANALYSIS
  • 34017 N Pate Place Cave Creek, AZ 1
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.05
    •  
  • 4429 E Smokehouse Trail Cave Creek, AZ 2
    • 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2001
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.23
    •  
  • 4714 E Woburn Lane Cave Creek, AZ 3
    • 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
    •  
  • 4614 E Night Glow Drive Cave Creek, AZ 4
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 2001
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.27
    •  
  • 34014 N 44th Place Cave Creek, AZ 5
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 2003
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.30
    •  
PROPERTY LISTING DETAILS
Gary Freese
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193409
Last Updated: 02/14/2021
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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