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4021 E Barwick Drive Cave Creek, AZ 85331

3 Beds 3 Baths 1,419 sqft Built 1998

$397,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $279.77
  • 2 Days on Market
  • MLS # : 6203407
  • Updated Date : 03/06/2021 at 17:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,419 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kenneth James Realty

Listing Agent's Description

This home is nestled in a community that seems off the beaten path, yet close to shopping, hiking, and entertainment. The backyard is an oasis with artificial grass, a pool, and a pool fence that can be easily added or removed, depending on your mood/entertaining needs. The house backs up to a preserve, providing privacy and a connection to nature. Enter the front door into your new home and endless possibilities. **Schedule your showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tatum Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Tatum Ranch

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
 

$357,300$436,700$397,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,379
Property Tax -$194
Property Insurance -$55
HOA -$29
Property Management Fees -$99
CASH FLOW
$164

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.

$397,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,955

INVESTMENT

$110,955

Down Payment
$99,250
Rehab Estimate
$5,750
Closing Costs
$5,955

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,379

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,250
Loan Amount $297,750
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$38,213

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $1,909

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7753$1,9204$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 4021 E Barwick Drive Cave Creek, AZ 3
    • 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.35
    •  
  • 29845 N 41st Place Cave Creek, AZ 1
    • 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1998
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.18
    •  
  • 4161 E Hallihan Drive Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1997
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.39
    •  
  • 4215 E Palo Brea Lane Cave Creek, AZ 4
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1998
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.40
    •  
  • 4140 E Hallihan Drive Cave Creek, AZ 5
    • 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1998
    property image
    LEASED 03/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.41
    •  
PROPERTY LISTING DETAILS
Katy P Horgan
Kenneth James Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203407
Last Updated: 03/06/2021
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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