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4158 E Hallihan Drive Cave Creek, AZ 85331

2 Beds 2 Baths 1,109 sqft Built 1998

$350,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $315.60
  • 4 Days on Market
  • MLS # : 6192863
  • Updated Date : 02/11/2021 at 17:50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,109 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this single level home in popular Tatum Ranch! This home has been refreshed with new interior paint. Open floorplan living and dining rooms with lots of natural light. The kitchen features ample cabinet and counter space and stainless steel appliances. The primary bedroom has an ensuite bathroom and two closets. Fenced backyard with a covered patio. GREAT location near LOTS of Shopping & Dining. Also near, neighborhood parks, TONS of golf, LOTS of hiking and biking trails, and easy freeway access. Vacant and ready for viewing, come see!

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,216
Property Tax -$171
Property Insurance -$49
HOA -$20
Property Management Fees -$99
CASH FLOW
-$114

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.

$350,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.41%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,841

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $1,644

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,4753$1,5004$1,5955$1,700
$1,700
RENT COMPS ANALYSIS
  • 4158 E Hallihan Drive Cave Creek, AZ 1
    • 2 beds 2 baths ∙ 1,109 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,109 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.30
    •  
  • 29606 N Tatum Boulevard #213 Cave Creek, AZ 2
    • 2 beds 2 baths ∙ 1,058 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,058 Sqft ∙ Built 1999
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.39
    •  
  • 29606 N Tatum Boulevard #252 Cave Creek, AZ 3
    • 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1999
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.42
    •  
  • 29606 N Tatum Boulevard #180 Cave Creek, AZ 4
    • 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1999
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.51
    •  
  • 29606 N Tatum Boulevard #210 Cave Creek, AZ 5
    • 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1999
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.61
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192863
Last Updated: 02/11/2021
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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