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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $270.81
- 5 Days on Market
- MLS # : 6164290
- Updated Date : 12/26/2020 at 20:41
CONSTRUCTION
- Beds : 3
- Floor Size : 2,186 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
This incredible three-bedroom home has been completely updated in the past 3 years. With a new roof in 2017 and new HVAC in 2013. Walk in to vaulted ceilings, wood flooring and open floorplan. The stunning kitchen has new granite, light fixtures, backsplash and new appliances! Enjoy entertaining with this chef's dream kitchen. The den has rich custom cabinetry and a new wine cabinet. There is FTTH: Fiber to the Home internet from Cox! Both bathrooms have been updated with walk-in showers and custom cabinets in all rooms. The fireplace wall in the living room is elegant, providing for cozy winter nights. Enjoy the large master suite with private exit to the backyard, double sinks and walk-in closet. The backyard oasis has upgraded pavers, a raised garden, sparkling pool and putting green.
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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 | $2,370 |
| EXPENSES | Loan Payment | -$2,184 |
| Property Tax | -$281 | |
| Property Insurance | -$70 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$273
|
||
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.
$592,000
PROJECTED PRICE
$2,370
PROJECTED RENT
0.40%
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
$162,630
LOAN DETAILS
$2,184
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $148,000 |
| Loan Amount | $444,000 |
3.33
YEARS SAVED
$19,793
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,370
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$2,514
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
4237 E Montgomery Road Cave Creek, AZ 2
- 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 1993
![property image]()
- Rent
- Rent Per SQFT
- $2,370
- $1.08
-
4245 E Creosote Drive Cave Creek, AZ 1
- 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 1994
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LEASED 09/21/20- Rent
- Rent Per SQFT
- $2,300
- $1.15
-
30023 N 47th Street Cave Creek, AZ 3
- 3 beds 2 baths ∙ 2,262 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,262 Sqft ∙ Built 1993
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,495
- $1.10
-
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
![property image]()
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
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,600
- $1.21
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164290
Last Updated: 12/26/2020
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.
