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4136 E Hallihan Drive Cave Creek, AZ 85331

3 Beds 2 Baths 1,273 sqft Built 1998

$315,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $247.45
  • 5 Days on Market
  • MLS # : 6152955
  • Updated Date : 11/07/2020 at 14:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,273 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Charming single level home situated on a cul-de-sac lot. The backyard boasts a desert view fence. Spacious open great room floor plan, vaulted ceilings, patio access from dining area, ceiling fans, art niche. Handsome built-in entertainment center! Center kitchen island, breakfast bar, stylish counters, & plenty of wood cabinets. Perfect Home for entertaining inside & out. Three generous sized bedrooms, large closets, two pristine baths, & interior laundry room w/washer/dryer included. Patio access from master retreat plus a private en suite w/dual sinks and two master closets. The split floorplan offers extra privacy for the master. Serene backyard setting with a covered patio, desert landscape, & paver patio for dining. Convient location close to shopping, dining, bank & grocery store.

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,162
Property Tax -$152
Property Insurance -$52
HOA -$19
Property Management Fees -$99
CASH FLOW
-$54

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.

$315,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,523

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,579

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,6753$1,7504$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 4136 E Hallihan Drive Cave Creek, AZ 1
    • 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $1.12
    •  
  • 29845 N 41st Place 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 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.18
    •  
  • 4140 E Hallihan 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
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.23
    •  
  • 30438 N 42nd Place 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 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.26
    •  
  • 4516 E Creosote Drive Cave Creek, AZ 5
    • 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1997
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.29
    •  
PROPERTY LISTING DETAILS
Kodi K Riddle
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152955
Last Updated: 11/07/2020
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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