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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $224.04
- 2 Days on Market
- MLS # : 6196834
- Updated Date : 02/19/2021 at 23:17
CONSTRUCTION
- Beds : 3
- Floor Size : 2,030 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
WELCOME HOME! PICTURE PERFECT HOME IN DESIRABLE TATUM RANCH. PERFECT FOR FAMILY, ENTERTAINING, OR SNOWBIRDS. EASY TO MAINTAIN...LOCK AND LEAVE. OWNERS HAVE DONE MANY UPGRADES! HYBRID WATER HEATER, SOLAR PANELS, COMPLETE REMODEL OF PEPPLE TEC SALT WATER POOL AND BACKYARD, ALL STAINLESS STEEL APPLIANCES, GARAGE DOOR, FLOORING, A/C UNIT, NEW INTERIOR PAINT, AND MORE! MAKE THIS ONE YOURS TODAY! WON'T LAST!
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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 | $1,960 |
| EXPENSES | Loan Payment | -$1,580 |
| Property Tax | -$222 | |
| Property Insurance | -$67 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$16
|
||
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.
$454,800
PROJECTED PRICE
$1,960
PROJECTED RENT
0.43%
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
$126,272
LOAN DETAILS
$1,580
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $113,700 |
| Loan Amount | $341,100 |
5.33
YEARS SAVED
$25,370
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,375
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
4235 E Desert Marigold Drive Cave Creek, AZ 1
- 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,960
- $0.97
-
4223 E Wildcat Drive Cave Creek, AZ 2
- 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1992
LEASED 10/05/20- Rent
- Rent Per SQFT
- $2,200
- $1.18
-
4245 E Creosote Drive Cave Creek, AZ 3
- 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 1994
LEASED 09/21/20- Rent
- Rent Per SQFT
- $2,300
- $1.15
-
30649 N 43rd Place Cave Creek, AZ 4
- 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 1993
LEASED 08/17/20- Rent
- Rent Per SQFT
- $2,500
- $1.14
-
4306 E Wildcat Drive Cave Creek, AZ 5
- 3 beds 3 baths ∙ 2,146 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,146 Sqft ∙ Built 1992
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,600
- $1.21
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196834
Last Updated: 02/19/2021
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.
