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4934 E Skinner Drive Cave Creek, AZ 85331

3 Beds 2 Baths 2,203 sqft Built 1996

$439,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $199.27
  • 11 Days on Market
  • MLS # : 6150676
  • Updated Date : 11/02/2020 at 14:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,203 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Incredible! Bright and welcoming Tatum Ranch home on generous corner lot featuring popular 2,203 sqft floorplan and 10 ft+ ceilings throughout. Situated on a peaceful interior street, this home offers open family room including vaulted ceilings, stacked stone fireplace and adjacent dining room. Sunny kitchen overlooks the backyard and features center island and breakfast nook. Master suite boasts great lighting, bay windows, door to patio, ensuite bathroom and walk-in closet. Two guest bedrooms each offer wood-look vinyl, ample closet space and tall ceilings. Backyard features new gravel, covered patio and outdoor fireplace. Inside laundry room offers w/d hook-ups and entry to the 3 car garage. Great value for highly desirable neighborhood of family homes near parks, schools and shopping!

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
 

$395,100$482,900$439,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,620
Property Tax -$216
Property Insurance -$70
HOA -$8
Property Management Fees -$99
CASH FLOW
-$54

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.

$439,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530$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$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$26,491

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,324

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,960
1$1,9602$1,9953$2,1504$2,2005$2,495
$2,495
RENT COMPS ANALYSIS
  • 4934 E Skinner Drive Cave Creek, AZ 1
    • 3 beds 2 baths ∙ 2,203 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,203 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.89
    •  
  • 5048 E Roy Rogers Road Cave Creek, AZ 2
    • 3 beds 3 baths ∙ 2,141 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,141 Sqft ∙ Built 1999
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 4549 E Roy Rogers Road Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 1997
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.06
    •  
  • 29806 N 48th Way Cave Creek, AZ 4
    • 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 1999
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.13
    •  
  • 30023 N 47th Street Cave Creek, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Don Matheson
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6150676
Last Updated: 11/02/2020
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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