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37826 N Hidden Valley Drive Cave Creek, AZ 85331

3 Beds 2 Baths 1,639 sqft Built 2018

$599,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2018
  • Price/Sqft : $365.47
  • 10 Days on Market
  • MLS # : 6153854
  • Updated Date : 11/07/2020 at 15:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,639 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

An adorable Morgan Taylor home nestled on .9 acre lot with mountain views, in the town of Cave Creek. It is in walking distance to all the shops, restaurants, bars, hiking etc.. Home features a master split, 3bdrms., 2 baths, separate laundry room, large master walk-in-closet, dual sinks in master bath, versatile Great room, garage has epoxy floors, etc.. The kitchen is upgraded with GE Appliances, double built in ovens (Convection), farm sink, electric cooktop stove, walk in pantry. The landscaping was professionally installed, capturing the native vegetation, and incorporating exotic plants/rip rap/boulders/cinnamon brown gravel. The property has an abundance of ironwood trees, saguaros, palo vrede trees, fishkook cactus, hedgehog cactus etc....

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PRICE & RENT TRENDS

Neighborhood: Hidden Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Hidden Valley North

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
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
GreatSchools Rating

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
 

$539,100$658,900$599,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$2,210
Property Tax -$218
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$706

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.

$599,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.31%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,549

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,087

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8803$2,1954$2,200
$2,200
RENT COMPS ANALYSIS
  • 37826 N Hidden Valley Drive Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.15
    •  
  • 36600 N Cave Creek Road #d12 Cave Creek, AZ 1
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2014
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.16
    •  
  • 36600 N Cave Creek Road #c11 Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2014
    property image
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.41
    •  
  • 6145 E Cave Creek Road #210 Cave Creek, AZ 4
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2019
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.25
    •  
PROPERTY LISTING DETAILS
Hope Farrer
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153854
Last Updated: 11/07/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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