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34801 N 53rd Street Cave Creek, AZ 85331

3 Beds 3 Baths 2,467 sqft Built 2021

$617,680

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $250.38
  • 5 Days on Market
  • MLS # : 6172023
  • Updated Date : 12/16/2020 at 16:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,467 sqft
  • Baths : 2 full , 1 half
Listing Agent

Taylor Morrison (mls Only)

Listing Agent's Description

New home to-be-built! Last new build opportunity. Still time for customer selections on flooring and counter tops. Chefs Kitchen, granite or quartz tops buyers choice. 3 bedroom with a study and 2 and half baths. 3 car tandem garage. Great floor plan with an interior courtyard, plenty of yard for outdoor living.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cave Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k563k

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

Neighborhood: Cave Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452694

* 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
 

$555,912$679,448$617,680

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,279
Property Tax -$225
Property Insurance -$75
HOA -$199
Property Management Fees -$99
CASH FLOW
-$57

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$617,680

PROJECTED PRICE

$2,820

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 3.00%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$165,685

INVESTMENT

$165,685

Down Payment
$154,420
Rehab Estimate
$2,000
Closing Costs
$9,265

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,279

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,420
Loan Amount $463,260
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$37,483

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
  • $2,831

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,6004$2,7005$3,000
$3,000
RENT COMPS ANALYSIS
  • 34801 N 53rd Street Cave Creek, AZ 1
    • 3 beds 3 baths ∙ 2,467 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,467 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4718 E Happy Coyote Trail Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 2,137 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,137 Sqft ∙ Built 2001
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
  • 5537 E Dusty Wren Drive Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 2,291 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,291 Sqft ∙ Built 2002
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.13
    •  
  • 4605 E Red Range Way Cave Creek, AZ 4
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2002
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.16
    •  
  • 5410 E Calle De Las Estrellas -- Cave Creek, AZ 5
    • 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2001
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.13
    •  
PROPERTY LISTING DETAILS
Brandon Cleveland
Taylor Morrison (mls Only)
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172023
Last Updated: 12/16/2020
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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