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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $264.27
- 2 Days on Market
- MLS # : 6194706
- Updated Date : 02/20/2021 at 23:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,419 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
Move in ready in the quiet tucked away subdivision in Toscana. Fresh interior paint and new carpet. Granite counters, beautiful back splash in kitchen, vaulted ceiling in spacious family room, 3 bedroom, 2.5 baths, secondary bedrooms share a jack-n-jill bath, ceiling fans throughout. New carpet. Corner lot low maintenance yard, private back patio includes artificial grass. Conveniently located within walking distance to shopping, restaurants, Tatum Ranch Golf Club and trails.
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PRICE & RENT TRENDS
Neighborhood: Tatum Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tatum Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$183 | |
| Property Insurance | -$55 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$191
|
||
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.
$375,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
8.17
YEARS SAVED
$39,997
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$1.3
LIST RENT PER SQFT
-
$1,845
COMP ESTIMATED VALUE -
$1.3
COMP AVG. RENT PER SQFT
Comps Range
-
4124 E Barwick Drive Cave Creek, AZ 4
- 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $1,850
- $1.30
-
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
-
4140 E Hallihan Drive Cave Creek, AZ 2
- 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1998
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,750
- $1.23
-
4161 E Hallihan Drive Cave Creek, AZ 3
- 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 5
- 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
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194706
Last Updated: 02/20/2021
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.
