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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Cave Creek South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cave Creek South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$509,250
LOAN DETAILS
$6,599
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $475,000 |
| Loan Amount | $1,425,000 |
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
-
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
Re/max Excalibur
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167546
Last Updated: 01/10/2021
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.
