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4616 E Thunder Hawk Road Cave Creek, AZ 85331

3 Beds 3 Baths 2,618 sqft Built 2000

$619,900

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $236.78
  • 2 Days on Market
  • MLS # : 6185092
  • Updated Date : 01/23/2021 at 22:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,618 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

move-in ready single level home in private gated community. Beautiful split floorplan w/ 3 bedrooms, 2.5 baths, separate office, kitchen w/ whirlpool stainless appliances, corian counters, breakfast bar & RO system. Tile floors throughout living spaces & master bedroom. Carpet in bedrooms 2 & 3. Master bath w separate tub/shower. Master opens to great views in back, has large walk-in closet. Gas fireplace in family room, which opens to big covered patio & tranquil yard/pool area. Laundry room is a dream - lots of built-in cabinets, sink, & room for small chest freezer. Central vac, water softener. Backs to wash for lots of privacy from covered patio, pool & yard. Pool has heater & diatomaceous earth filter. 3 car garage w/ built-in cabinets, epoxy floor & extra circuits. 2 A/C 's

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ashler Hills Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k513k

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

Neighborhood: Ashler Hills Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452390

* 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
Lone Mountain Elementary School Primary Regular 589 31 9
Lone Mountain Elementary School Middle Regular 589 31 9
Cactus Shadows High School High Regular 1,704 70 8

Lone Mountain Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 31
9
GreatSchools Rating

Lone Mountain Elementary School

  • Education Level: Middle
  • # of students: 589
  • # of teachers: 31
9
GreatSchools Rating

Cactus Shadows High School

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

$557,910$681,890$619,900

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$2,153
Property Tax -$303
Property Insurance -$78
HOA -$14
Property Management Fees -$99
CASH FLOW
-$407

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.

$619,900

PROJECTED PRICE

$2,240

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,024

INVESTMENT

$170,024

Down Payment
$154,975
Rehab Estimate
$5,750
Closing Costs
$9,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,153

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $154,975
Loan Amount $464,925
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$9,047

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
  • $2,533

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,3004$2,5005$2,750
$2,750
RENT COMPS ANALYSIS
  • 4616 E Thunder Hawk Road Cave Creek, AZ 1
    • 3 beds 3 baths ∙ 2,618 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,618 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4537 E Thunder Hawk Road Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 2,378 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,378 Sqft ∙ Built 2001
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.95
    •  
  • 4443 E Sierra Sunset Trail Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 2,437 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,437 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
  • 33849 N 43rd Street Cave Creek, AZ 4
    • 3 beds 3 baths ∙ 2,559 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,559 Sqft ∙ Built 2002
    LEASED 08/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
  • 32227 N 44th Place Cave Creek, AZ 5
    • 4 beds 3 baths ∙ 2,748 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,748 Sqft ∙ Built 2000
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.00
    •  
PROPERTY LISTING DETAILS
Madge Webster
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185092
Last Updated: 01/23/2021
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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