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36600 N Cave Creek Road #D19 Cave Creek, AZ 85331

3 Beds 2 Baths 1,558 sqft Built 2013

$400,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $256.74
  • 3 Days on Market
  • MLS # : 6186985
  • Updated Date : 01/31/2021 at 01:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,558 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Welcome to a most stunning and private condo retreat nestled along the mountain in the community of Surrey Hills. This lightly lived in open floor plan is great for entertaining and takes you out to your private balcony where uou can enjoy endless mountain views, wildlife, sunsets, or relaxing evenings under the stars. Tastefully finished with plantation shutters throughout, stainless steel appliances, gas on glass cooktop for easy cleaning and granite counter tops. The master boasts a luxurious en-suite with dual vanities, a soaking tub, shower and customized closet. This premier community offers an elevated center for gathering and fun, complete with elevator access, heated pool and spa, fire pit, gas BBQ's and seating for all. All of this, adjacent to the mountain with access to

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Village at Surrey Hills Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Village at Surrey Hills Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10452589

* 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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,389
Property Tax -$146
Property Insurance -$58
HOA -$275
Property Management Fees -$99
CASH FLOW
-$137

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.

$400,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$11,051

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
  • $2,103

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,2004$2,275
$2,275
RENT COMPS ANALYSIS
  • 36600 N Cave Creek Road #d19 Cave Creek, AZ 1
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 36600 N Cave Creek Road #c11 Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2014
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.41
    •  
  • 6145 E Cave Creek Road #210 Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2019
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.25
    •  
  • 37218 N Conestoga Trail #b Cave Creek, AZ 4
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2019
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.39
    •  
PROPERTY LISTING DETAILS
Theresa J Colosimo
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186985
Last Updated: 01/31/2021
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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