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4043 E Pullman Road Cave Creek, AZ 85331

5 Beds 3 Baths 3,031 sqft Built 2003

$645,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $212.80
  • 2 Days on Market
  • MLS # : 6165892
  • Updated Date : 12/04/2020 at 19:31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,031 sqft
  • Baths : 3 full
Listing Agent

Desert Dream Realty

Listing Agent's Description

Immaculate, like new inside & out w/attention to detail, meticulously upgraded & maintained!! Soaring ceilings, open floor plan, spacious, 5 bedroom, 3 bath home in gated Emerald Greens in Dove Valley Ranch. Front courtyard, grand entryway, dramatic open/stained-wood stairway in cozy living/formal dining room. Large family room opens to huge spectacular, eat-in kitchen with island, lots of raised panel maple cabinets, granite counters, gas stove w/double ovens, SS appliances, bay window. Private bedroom, full bath downstairs. Look closely as this home is better than new!! Upstairs are spacious master suite, ensuite bath w/separate garden tub/shower, his/hers walk-in closets, 3 additional bedrooms, full bath plus loft, computer tech nook. Oversized lot designed for pool, backs open space.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dove Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Dove Valley 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
Lone Mountain Elementary School Primary Regular 589 31 9
Lone Mountain Elementary School Middle Regular 589 31 9
Cactus Shadows High School High Regular 1,704 70 8

Lone Mountain Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 31
9
GreatSchools Rating

Lone Mountain Elementary School

  • Education Level: Middle
  • # of students: 589
  • # of teachers: 31
9
GreatSchools Rating

Cactus Shadows High School

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

$580,500$709,500$645,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$2,380
Property Tax -$315
Property Insurance -$86
HOA -$21
Property Management Fees -$99
CASH FLOW
-$461

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.

$645,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$176,675

INVESTMENT

$176,675

Down Payment
$161,250
Rehab Estimate
$5,750
Closing Costs
$9,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,380

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $161,250
Loan Amount $483,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$10,917

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $3,130

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,440
1$2,4402$2,7503$3,1004$3,1005$3,200
$3,200
RENT COMPS ANALYSIS
  • 4043 E Pullman Road Cave Creek, AZ 1
    • 5 beds 3 baths ∙ 3,031 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,031 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.81
    •  
  • 32227 N 44th Place Cave Creek, AZ 2
    • 4 beds 3 baths ∙ 2,748 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,748 Sqft ∙ Built 2000
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.00
    •  
  • 4613 E Tumbleweed Drive Cave Creek, AZ 3
    • 4 beds 3 baths ∙ 3,065 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,065 Sqft ∙ Built 2001
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.01
    •  
  • 33825 N Pate Place Cave Creek, AZ 4
    • 5 beds 3 baths ∙ 2,769 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,769 Sqft ∙ Built 2002
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.12
    •  
  • 4633 E Sierra Sunset Trail Cave Creek, AZ 5
    • 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jennifer Patnode
Desert Dream Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165892
Last Updated: 12/04/2020
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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