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34046 N 44th Place Cave Creek, AZ 85331

3 Beds 2 Baths 1,537 sqft Built 2004

$425,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $276.51
  • 4 Days on Market
  • MLS # : 6199239
  • Updated Date : 03/06/2021 at 01:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,537 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Golf Course Lot in Cave Creek! This meticulously cared for single story Maracay home sits on a corner lot backing the 8th tee of Dove Valley Ranch Golf Course. Home has been beautifully renovated in all the right places with a roomy single level floor plan! Fresh paint, granite counters and stainless appliances in the kitchen, 6 inch x 36 inch porcelain wood plank look tile throughout! No carpet! No interior steps! Master bath features double vanity separate toilet room and walk in custom shower. One of the guest bedrooms has built in Murphy bed. Epoxy garage and built in storage cabinets. Home is move in ready and perfect for year round, part time or for investor. See documents for list of upgrades to the home since 2018.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: A-M Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: A-M 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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,476
Property Tax -$208
Property Insurance -$57
HOA -$21
Property Management Fees -$99
CASH FLOW
-$201

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.

$425,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.6%
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

PROJECTED ANNUAL CASH FLOW

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

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$10,553

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
  • $1,833

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,9004$1,9505$1,950
$1,950
RENT COMPS ANALYSIS
  • 34046 N 44th Place Cave Creek, AZ 1
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4720 E Preserve Way Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 2004
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.11
    •  
  • 4745 E Amber Sun Drive Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 2003
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.24
    •  
  • 34006 N 44th Place Cave Creek, AZ 4
    • 4 beds 2 baths ∙ 1,537 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,537 Sqft ∙ Built 2003
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.27
    •  
  • 33550 N Dove Lakes Drive #2002 Cave Creek, AZ 5
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2007
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.15
    •  
PROPERTY LISTING DETAILS
Patty St. Clair
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199239
Last Updated: 03/06/2021
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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