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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $238.20
- 2 Days on Market
- MLS # : 6196892
- Updated Date : 02/20/2021 at 18:54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,309 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Beautiful Cave Creek Home located in the popular Tatum Ranch! Sparkling blue pool on a large lot! Spacious open- floor plan offers a formal living room and family room. Large eat-in kitchen, opens up to the family room and features stainless steel appliances, custom cabinets, ample counter space, and a breakfast bar. Four bright spacious bedroom's with plush carpeting, and picture windows. Master includes a private exit out-back, walk in closet, jacuzzi bath and separate shower. Relax under the covered patio that overlooks a beautiful pool, great big backyard and low care landscape. Quiet neighborhood, This home is move-in ready!
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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 | $2,260 |
| EXPENSES | Loan Payment | -$1,910 |
| Property Tax | -$269 | |
| Property Insurance | -$72 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$99
|
||
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.
$550,000
PROJECTED PRICE
$2,260
PROJECTED RENT
0.41%
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
$151,500
LOAN DETAILS
$1,910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
4.42
YEARS SAVED
$24,310
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,260
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,592
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
4539 E Rancho Laredo Drive Cave Creek, AZ 1
- 4 beds 2 baths ∙ 2,309 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,309 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $2,260
- $0.98
-
4926 E Duane Lane Cave Creek, AZ 2
- 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 1997
LEASED 11/15/20- Rent
- Rent Per SQFT
- $2,300
- $1.04
-
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
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
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
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196892
Last Updated: 02/20/2021
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.
