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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Rancho Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$116,785
LOAN DETAILS
$1,455
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $104,750 |
| Loan Amount | $314,250 |
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
-
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
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6200080
Last Updated: 03/02/2021
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.
