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39013 N Habitat Circle Cave Creek, AZ 85331

2 Beds 2 Baths 1,178 sqft Built 1999

$419,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $355.69
  • 5 Days on Market
  • MLS # : 6200080
  • Updated Date : 03/02/2021 at 17:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,178 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Lovely gated community in Cave Creek! This partially renovated single story 2bd, 2bth home offers low maintenance living in a beautiful environment. It is perfectly nestled away at the base of Black Mountain and within walking distance to plenty of dining and shopping options. It is also surrounded by hiking and biking trails to keep you active and enjoying the Arizona landscape and wildlife. New flooring baths refreshed very nice yard with mature landscaping your opportunity to live in this gated community near the 101 all the Cave Creek and carefree have to offer and North Scottsdale.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Villas

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Rancho Villas

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
 

$377,100$460,900$419,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$1,455
Property Tax -$153
Property Insurance -$50
HOA -$3
Property Management Fees -$99
CASH FLOW
-$410

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.

$419,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 0.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,455

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,086

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,470

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,7503$1,7904$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 39013 N Habitat Circle Cave Creek, AZ 1
    • 2 beds 2 baths ∙ 1,178 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,178 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.15
    •  
  • 37300 N Tom Darlington Drive #l Carefree, AZ 2
    • 2 beds 2 baths ∙ 1,451 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,451 Sqft ∙ Built 1981
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.21
    •  
  • 6010 E Knolls Drive Cave Creek, AZ 3
    • 2 beds 2 baths ∙ 1,472 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,472 Sqft ∙ Built 2005
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.22
    •  
  • 6018 E Rancho Manana Boulevard Cave Creek, AZ 4
    • 2 beds 2 baths ∙ 1,489 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,489 Sqft ∙ Built 1998
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.27
    •  
  • 6053 E Knolls Way S Cave Creek, AZ 5
    • 2 beds 2 baths ∙ 1,470 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,470 Sqft ∙ Built 2005
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.29
    •  
PROPERTY LISTING DETAILS
Peggy H Gascon
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200080
Last Updated: 03/02/2021
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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