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4286 E Creosote Drive Cave Creek, AZ 85331

5 Beds 4 Baths 2,263 sqft Built 1994

$440,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $194.43
  • 3 Days on Market
  • MLS # : 6161864
  • Updated Date : 11/27/2020 at 16:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,263 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

This stunning 5 bed, 3.5 bath home features soaring vaulted ceilings, large windows, laminate flooring and updates throughout. The spacious kitchen with mocha cabinets, breakfast bar, stone counters, stainless steel appliances, induction oven & Bosch dishwasher opens to the cozy family room with a wood burning fireplace. Bedroom 5 is downstairs with a private bath, walk in closet and french doors that open to the dining room. Upstairs you will find 3 additional bedrooms, a full guest bathroom and the master suite with vaulted ceilings, a private deck, mountain views and gorgeous remodeled bathroom. Private backyard with a covered patio, easy care artificial turf and putting green. Fantastic neighborhood! Walk to Desert Willow Elementary School.

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
 

$396,000$484,000$440,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,623
Property Tax -$215
Property Insurance -$71
HOA -$9
Property Management Fees -$99
CASH FLOW
$133

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.

$440,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$45,559

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
  • $2,591

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,9004$2,9005$2,900
$2,900
RENT COMPS ANALYSIS
  • 4286 E Creosote Drive Cave Creek, AZ 1
    • 5 beds 4 baths ∙ 2,263 Sqft ∙ Built 1994 5 beds 4 baths ∙ 2,263 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 30649 N 43rd Place Cave Creek, AZ 2
    • 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
    •  
  • 4417 E Smokehouse Trail Cave Creek, AZ 3
    • 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.20
    •  
  • 4836 E Eden Drive Cave Creek, AZ 4
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1999
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.12
    •  
  • 4840 E Eden Drive Cave Creek, AZ 5
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1999
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.12
    •  
PROPERTY LISTING DETAILS
Kim Grant
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161864
Last Updated: 11/27/2020
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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