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4508 E Cox Court Cave Creek, AZ 85331

4 Beds 3 Baths 2,124 sqft Built 2000

$525,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $247.18
  • 3 Days on Market
  • MLS # : 6212202
  • Updated Date : 03/26/2021 at 19:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,124 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Luxury Arizona living without the million-dollar price tag. Gorgeously maintained home located in the desirable gated community of Dove Valley Ranch. Enjoy an open floor plan w/seamless kitchen to family room flow. Meticulous backyard perfect for entertaining. No neighbors front, back and left. Instead enjoy the beautiful Sonora Desert through stuccoed view fencing. Master suite offers sought-after view of Black Mountain and beyond. Upgrades galore! New Luxury plank flooring (2020), completely rebuilt bathroom, upgraded recessed and pendant lighting in kitchen. All new Low E tinted windows (2020). Plantation shutters. Electrical Vehicle 220v outlet and cabinets in garage. Smarthome video doorbell/security system. Recreational park walking distance. Golf community. This one won't last long.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dove Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Dove Valley 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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,824
Property Tax -$257
Property Insurance -$69
HOA -$21
Property Management Fees -$99
CASH FLOW
-$89

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.

$525,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$23,518

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,570

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,2953$2,5004$2,6505$2,800
$2,800
RENT COMPS ANALYSIS
  • 4508 E Cox Court Cave Creek, AZ 1
    • 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.03
    •  
  • 4714 E Woburn Lane Cave Creek, AZ 2
    • 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 2003
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.13
    •  
  • 4718 E Happy Coyote Trail Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 2,137 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,137 Sqft ∙ Built 2001
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
  • 34014 N 44th Place Cave Creek, AZ 4
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 2003
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.30
    •  
  • 34041 N 43rd Street Cave Creek, AZ 5
    • 3 beds 2 baths ∙ 2,250 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,250 Sqft ∙ Built 2002
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.24
    •  
PROPERTY LISTING DETAILS
Mark David Sloat
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212202
Last Updated: 03/26/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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