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5031 E Roy Rogers Road Cave Creek, AZ 85331

3 Beds 2 Baths 1,421 sqft Built 2000

$359,950

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $253.31
  • 2 Days on Market
  • MLS # : 6149045
  • Updated Date : 11/02/2020 at 01:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,421 sqft
  • Baths : 2 full
Listing Agent

Grotjahn Capital Management

Listing Agent's Description

TATUM RANCH 3BDRM, 2BA 1413 SQ FT SINGLE LEVEL HOME. LOCATED IN EXCELLENT SUBDIVISION & GREAT FAMILY NEIGHBORHOOD. CLOSE TO SCHOOLS, GOLF, 101 LOOP & SHOPPING. *****HOME IS CURRENTLY BEING REMODELED TO INCLUDE: NEW PLANK FLOORING IN ALL WALK AREAS, NEW UPGRADED CARPET, TWO TONE PAINT & 5 1/4 BASEBOARD THROUGHOUT HOME. AGENTS: PLEASE SEE REALTOR REMARKS*****

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
Horseshoe Trails Elementary School Primary Regular 695 31 9
Horseshoe Trails Elementary School Middle Regular 695 31 9
Cactus Shadows High School High Regular 1,704 70 8

Horseshoe Trails Elementary School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 31
9
GreatSchools Rating

Horseshoe Trails Elementary School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 31
9
GreatSchools Rating

Cactus Shadows High School

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

$323,955$395,945$359,950

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,328
Property Tax -$176
Property Insurance -$55
HOA -$9
Property Management Fees -$99
CASH FLOW
-$147

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.

$359,950

PROJECTED PRICE

$1,520

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,137

INVESTMENT

$101,137

Down Payment
$89,988
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,988
Loan Amount $269,963
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,477

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
  • $1,755

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8253$1,8504$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 5031 E Roy Rogers Road Cave Creek, AZ 1
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 28429 N 47th Street Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1998
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.13
    •  
  • 28440 N 51st Street Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 1999
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.33
    •  
  • 5128 E Roy Rogers Road Cave Creek, AZ 4
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1999
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.15
    •  
  • 5130 E Armor Street Cave Creek, AZ 5
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1998
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.33
    •  
PROPERTY LISTING DETAILS
Tony Grotjahn
Grotjahn Capital Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6149045
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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