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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
* 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 | $2,360 |
| 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
| 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
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
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
-
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
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178335
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
