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35150 N 53rd Place Cave Creek, AZ 85331

4 Beds 5 Baths 5,319 sqft Built 2007

$1,900,000

List Price

$5,800

$5.6K - $6.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $357.21
  • 3 Days on Market
  • MLS # : 6167546
  • Updated Date : 01/10/2021 at 00:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 5,319 sqft
  • Baths : 4 full , 1 half
Listing Agent

Re/max Excalibur

Listing Agent's Description

Rare opportunity! Incredible custom estate boasting exquisite finishes and details that are of superior quality and workmanship. Perfect home for entertaining with indoor and outdoor living. North facing back with stunning mountain views. Private 2.31 acre premium cul-du-sac lot.2 car garage plus A1 RV garage, or fit up to 8 vehicles if you don't have an RV. Multiple fireplaces, courtyards and balcony. This home has been impeccably maintained by the original owners who had it custom built. This masterpiece exudes pure elegance, privacy & tranquility.Shown by appointment only.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cave Creek South

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $122k1128k

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

Neighborhood: Cave Creek South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452935

* 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
 

$1,710,000$2,090,000$1,900,000

PURCHASE PRICE

$5,220$6,380$5,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,800
EXPENSES Loan Payment -$6,599
Property Tax -$692
Property Insurance -$131
Property Management Fees -$99
CASH FLOW
-$1,722

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.

$1,900,000

PROJECTED PRICE

$5,800

PROJECTED RENT

0.31%

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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$509,250

INVESTMENT

$509,250

Down Payment
$475,000
Rehab Estimate
$5,750
Closing Costs
$28,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$6,599

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $475,000
Loan Amount $1,425,000
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$11,370

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,800

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $7,979

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$5,800
1$5,8002$7,500
$7,500
RENT COMPS ANALYSIS
  • 35150 N 53rd Place Cave Creek, AZ 1
    • 4 beds 5 baths ∙ 5,319 Sqft ∙ Built 2007 4 beds 5 baths ∙ 5,319 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $5,800
    • $1.09
    •  
  • 6011 E Restin Road Cave Creek, AZ 2
    • 5 beds 6 baths ∙ 5,000 Sqft ∙ Built 1998 5 beds 6 baths ∙ 5,000 Sqft ∙ Built 1998
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $7,500
    • $1.50
    •  
PROPERTY LISTING DETAILS
Susan B Salamone
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167546
Last Updated: 01/10/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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