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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $279.48
- 2 Days on Market
- MLS # : 6187663
- Updated Date : 01/31/2021 at 01:33
CONSTRUCTION
- Beds : 3
- Floor Size : 2,057 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Nestled in Cave Creek, this 3 bed, 2 bath home sits on over an acre with 3 covered horse stalls, a pool and putting green. This split open floor plan has it all, spacious living room allowing you to entertain, formal dining with a cozy fireplace kitchen that was built for putting your culinary skills to the test. Gather around the large island, or work from home at the built-in desk overlooking the backyard. Owners suite is a great size with a large ensuite, dual sinks, oversized walk-in shower and closet. Step outside to paradise, you have a private putting green, RV parking, dog run, heated diving pool with waterslide, enjoy the mountains views from your luxurious in ground hot tub, and three covered horse stalls.
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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 | $1,830 |
| EXPENSES | Loan Payment | -$1,997 |
| Property Tax | -$368 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$701
|
||
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.
$574,900
PROJECTED PRICE
$1,830
PROJECTED RENT
0.32%
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
$158,099
LOAN DETAILS
$1,997
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $143,725 |
| Loan Amount | $431,175 |
0.33
YEARS SAVED
$333
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,002
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
37618 N 26th Street Cave Creek, AZ 2
- 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,830
- $0.89
-
2049 E Carriage Drive Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2014
LEASED 08/15/19- Rent
- Rent Per SQFT
- $1,750
- $0.92
-
1027 E Carlise Road Phoenix, AZ 3
- 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 2003
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,895
- $0.94
-
1033 E Irvine Road Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1995
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,950
- $1.06
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187663
Last Updated: 01/31/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
