Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4319 E Morning Vista Lane Cave Creek, AZ 85331

5 Beds 3 Baths 3,352 sqft Built 1995

$649,900

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $193.88
  • 2 Days on Market
  • MLS # : 6144126
  • Updated Date : 11/07/2020 at 02:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,352 sqft
  • Baths : 3 full
Listing Agent

Hague Partners

Listing Agent's Description

Award winning Tri-Level floor plan from Diamond Key Homes. Located In Tatum Ranch near Desert Ridge & ton's of shopping! Enter w/ Brand New Cantera Door! Very Impressive! There are 3 bedrooms upstairs and two bedrooms downstairs. Amazing floorplan w/2 Master's Great for guest quarters or mother-In law suite. The family room is Huge Ideal for movie nights! Large open kitchen w/Large Island! The location of this home within the neighborhood adds great appeal. It sits directly across from a large cul-de-sac and it borders a larger custom home community in the back. This floor plan is known to sell very fast in this neighborhood. The Back Yard is very private w/open Rod Iron fence to natural NOS. Play Pool/Spa w/fence for security for children. Must See home. Enjoy of True Arizona Lifestyle!

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
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
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$2,398
Property Tax -$318
Property Insurance -$92
HOA -$15
Property Management Fees -$99
CASH FLOW
-$622

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.

$649,900

PROJECTED PRICE

$2,300

PROJECTED RENT

0.35%

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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$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$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,639

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,805

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,6003$2,8004$3,200
$3,200
RENT COMPS ANALYSIS
  • 4319 E Morning Vista Lane Cave Creek, AZ 1
    • 5 beds 3 baths ∙ 3,352 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,352 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.69
    •  
  • 29446 N 46th Place Cave Creek, AZ 2
    • 5 beds 3 baths ∙ 3,352 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,352 Sqft ∙ Built 1998
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.78
    •  
  • 5227 E Gloria Lane Cave Creek, AZ 3
    • 5 beds 4 baths ∙ 3,439 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,439 Sqft ∙ Built 2000
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.81
    •  
  • 26612 N 44th Street Cave Creek, AZ 4
    • 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
Joseph J. Frontauria
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6144126
Last Updated: 11/07/2020
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.

BESbswy