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4623 E Roy Rogers Road Cave Creek, AZ 85331

3 Beds 2 Baths 1,849 sqft Built 1996

$450,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $243.37
  • 3 Days on Market
  • MLS # : 6178335
  • Updated Date : 01/08/2021 at 21:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,849 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Flawless home in an ideal location, turn key with nothing needed. 3 bdr, 2 ba, 3 cg and nice pool. New flooring throughout, all stone countertops, all cabinets replaced and master bath customised and redone. Tatum Ranch is a preferred neighborhood near everything but with dark skies at night and a country feel. New paint inside and out, recently replaced water heater and softener. Maintenance was always performed as needed.A very nice home ready to be lived in.

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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,563
Property Tax -$220
Property Insurance -$63
HOA -$9
Property Management Fees -$99
CASH FLOW
$406

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.

$450,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$68,332

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $2,357

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,2003$2,2504$2,3605$2,550
$2,550
RENT COMPS ANALYSIS
  • 4623 E Roy Rogers Road Cave Creek, AZ 4
    • 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.28
    •  
  • 4817 E Fernwood Court Cave Creek, AZ 1
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1996
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.22
    •  
  • 29002 N 46th Way Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1998
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.26
    •  
  • 4944 E Roberta Drive Cave Creek, AZ 3
    • 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 1999
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.16
    •  
  • 4655 E Peak View Road Cave Creek, AZ 5
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1998
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.46
    •  
PROPERTY LISTING DETAILS
John Brinkman
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178335
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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