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4033 E Desert Marigold Drive Cave Creek, AZ 85331

3 Beds 2 Baths 1,535 sqft Built 1992

$389,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $254.01
  • 2 Days on Market
  • MLS # : 6163480
  • Updated Date : 11/21/2020 at 14:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,535 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Fabulous Location! This N/S Exposure, Tatum Ranch, home is within walking distance to Desert Willow Park! 3/2 preferred split, open floor plan with vaulted ceilings shows very light and bright. Upgraded beautiful plank tile floors throughout most of the home. NO carpet! The Master Suite is spacious and features a double door entry, barn door to the Bathroom, large walk-in closet, separate tub & shower, and two sinks. Walk-in closet in a second bedroom. Nice eat-in Kitchen offers new appliances, new R.O. System, some soft close drawers, pull out trash/recycle and plenty of counter space and cabinets. The Formal Dining Room, new paint inside - floor to ceiling, new outlets throughout, fully remodeled Guest Bathroom, new toilets, upgraded canned lighting, water softener, new patio sliders,

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
Desert Willow Elementary School Primary Regular 675 34 9
Desert Willow Elementary School Middle Regular 675 34 9
Cactus Shadows High School High Regular 1,704 70 8

Desert Willow Elementary School

  • Education Level: Primary
  • # of students: 675
  • # of teachers: 34
9
GreatSchools Rating

Desert Willow Elementary School

  • Education Level: Middle
  • # of students: 675
  • # of teachers: 34
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,439
Property Tax -$191
Property Insurance -$57
HOA -$9
Property Management Fees -$99
CASH FLOW
-$244

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.

$389,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,014

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,731

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,8254$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 4033 E Desert Marigold Drive Cave Creek, AZ 1
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4289 E Creosote Drive Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1995
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.06
    •  
  • 4310 E Desert Marigold Drive Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1993
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.12
    •  
  • 31211 N 43rd Street Cave Creek, AZ 4
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1995
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.16
    •  
  • 4052 E Palo Brea Lane Cave Creek, AZ 5
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1991
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
PROPERTY LISTING DETAILS
Susan Del Pozzo
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163480
Last Updated: 11/21/2020
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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