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40141 N Old Stage Road Cave Creek, AZ 85331

3 Beds 2 Baths 2,728 sqft Built 1999

$849,000

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $311.22
  • 4 Days on Market
  • MLS # : 6169528
  • Updated Date : 12/24/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,728 sqft
  • Baths : 2 full
Listing Agent

Desert Dream Realty

Listing Agent's Description

Stunning home located on 2.483 acres with majestic mountain views all around. Enjoy the panoramic vistas from the covered patio. Features include saltillo tile floors, granite countertops. Mountain views from all windows. The kitchen featuring rich cabinetry, granite counters, spacious pantry and stainless steel appliances. An oversized island/bar, dining area in great room with endless entertaining possibilities. Large split Master Bedroom, the master bath has large tub tub, luxurious walk-in shower, custom cabinets and double sinks. Large Guest Bathroom with custom cabinets including double sinks, walk in shower. Step outside onto large covered patio offering the comfort of an outdoor living area. With enough room to dine and relax, this is AZ outdoor living at its very best

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cave Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k563k

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

Neighborhood: Cave Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452694

* 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
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$3,132
Property Tax -$309
Property Insurance -$80
Property Management Fees -$99
CASH FLOW
-$1,051

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.

$849,000

PROJECTED PRICE

$2,570

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,332

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,373

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,5703$2,850
$2,850
RENT COMPS ANALYSIS
  • 40141 N Old Stage Road Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 2,728 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,728 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $0.94
    •  
  • 5960 E Grapevine Road Cave Creek, AZ 1
    • 3 beds 2 baths ∙ 2,609 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,609 Sqft ∙ Built 1996
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
  • 40555 N Canyon Ridge Trail Cave Creek, AZ 3
    • 4 beds 3 baths ∙ 2,937 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,937 Sqft ∙ Built 1999
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.97
    •  
PROPERTY LISTING DETAILS
Denise Miller
Desert Dream Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169528
Last Updated: 12/24/2020
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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