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4205 E Peak View Road Cave Creek, AZ 85331

3 Beds 2 Baths 3,246 sqft Built 1977

$695,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $214.11
  • 1 Days on Market
  • MLS # : 6155386
  • Updated Date : 11/02/2020 at 22:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,246 sqft
  • Baths : 2 full
Listing Agent

Mcg Realty

Listing Agent's Description

This lovely 3-bedroom, 2-bath home sits on 1.25 acres. This property is just right for that mini ranch you've always envisioned with horse stalls and a private well. Plenty of space for entertaining with a great room complete with bar with mini frig and pot belly stove plus an additional large family room with sky lights and door out to your courtyard. Kitchen has plenty of storage with all it's of cabinets, a breakfast bar and room for an extra-large table. All 3 bedrooms are oversized as well as both full baths. Master comes with a unique clawfoot tub and a stall shower. Private courtyard with fireplace is great for the outside entertainer. In addition, there is a pad and electric, just add a hot tub!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10452582

* 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
 

$625,500$764,500$695,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$2,564
Property Tax -$340
Property Insurance -$90
Property Management Fees -$99
CASH FLOW
-$703

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.

$695,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.34%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,564

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,987

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
  • $3,084

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,200
$3,200
RENT COMPS ANALYSIS
  • 4205 E Peak View Road Cave Creek, AZ 1
    • 3 beds 2 baths ∙ 3,246 Sqft ∙ Built 1977 3 beds 2 baths ∙ 3,246 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 30651 N 46th Place Cave Creek, AZ 2
    • 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 1989
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.98
    •  
  • 26612 N 44th Street Cave Creek, AZ 3
    • 4 beds 3 baths ∙ 3,479 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,479 Sqft ∙ Built 1996
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.92
    •  
PROPERTY LISTING DETAILS
Carrie E Fisher
Mcg Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155386
Last Updated: 11/02/2020
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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