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37210 N Hidden Valley Drive Cave Creek, AZ 85331

3 Beds 3 Baths 2,019 sqft Built 1988

$450,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $222.88
  • 4 Days on Market
  • MLS # : 6198641
  • Updated Date : 02/27/2021 at 18:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,019 sqft
  • Baths : 2 full , 1 half
Listing Agent

Desert Dream Realty

Listing Agent's Description

Mountain views from every direction surround this charming 3 bedroom, 2.5 bath well-built block home in the town of Cave Creek. Front courtyard leads to spacious living room & formal dining area with bay windows. Cozy up to the brick fireplace in family room on cool evenings, enjoy sunsets on covered patio. Large breakfast nook open to convenient U-Shaped kitchen w/lots of raised panel cabinets and counter space for the cook. Spacious owner's suite has double closets, in-suite full bath w/double sinks and exit to back yard pool. A powder room, 2 additional bedrooms & full bath for guests plus, laundry w/overhead cabinets. Fully fenced backyard with sparkling pool. This diamond in the rough is waiting for your own personal touches to make it home. No HOA!! It won't be on the market long!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Black Mountain Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Black Mountain Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452388

* 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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,563
Property Tax -$198
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
$24

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.

$450,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.43%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$28,815

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,100

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0503$2,750
$2,750
RENT COMPS ANALYSIS
  • 37210 N Hidden Valley Drive Cave Creek, AZ 1
    • 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.97
    •  
  • 38065 N Cave Creek Road #1 Cave Creek, AZ 2
    • 3 beds 3 baths ∙ 2,272 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,272 Sqft ∙ Built 1997
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.90
    •  
  • 35407 N 54th Street Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 2,328 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,328 Sqft ∙ Built 1998
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.18
    •  
PROPERTY LISTING DETAILS
Jennifer Patnode
Desert Dream Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198641
Last Updated: 02/27/2021
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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