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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $262.29
- 7 Days on Market
- MLS # : 6168765
- Updated Date : 12/19/2020 at 12:27
CONSTRUCTION
- Beds : 4
- Floor Size : 3,336 sqft
- Baths : 4 full
Listing Agent
Realty One Group
Listing Agent's Description
A beautiful remodel has been done to this property. Single level, 4 beds, 4 baths, separate den, home office & attached guest casita. Plantation shutters throughout, Pebble sheen pool & only 4 yrs old. Owners installed an outdoor bbq, firepit with seating, retaining wall on the West side of the backyard, NEW pergola with a bridge to the pergola. Owners had the exterior painted in 2019, a new foam roof in 2019, 2 custom iron doors(few months old).The bridge to the pergola is almost completed, steps coming up from the E side RV gate to be installed, W side of the backyard just had a retaining wall installed, any work trucks seen in pics are there right now finishing the backyard. The W side of the yard allows for additional workspace if needed. This property also has two RV gates.
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PRICE & RENT TRENDS
Neighborhood: New River
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New River
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,500 |
| EXPENSES | Loan Payment | -$3,228 |
| Property Tax | -$664 | |
| Property Insurance | -$92 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$583
|
||
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.
$875,000
PROJECTED PRICE
$3,500
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.5% |
| 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
$237,625
LOAN DETAILS
$3,228
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $218,750 |
| Loan Amount | $656,250 |
2.17
YEARS SAVED
$15,143
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
-
$3,870
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
-
36516 N 27th Place Cave Creek, AZ 1
- 4 beds 4 baths ∙ 3,336 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,336 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3717 E Villa Cassandra Way Cave Creek, AZ 2
- 4 beds 4 baths ∙ 3,451 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,451 Sqft ∙ Built 2002
LEASED 06/01/20- Rent
- Rent Per SQFT
- $4,000
- $1.16
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168765
Last Updated: 12/19/2020
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.
