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5053 E Lonesome Trail Cave Creek, AZ 85331

4 Beds 2 Baths 2,473 sqft Built 1999

$565,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $228.47
  • 2 Days on Market
  • MLS # : 6187849
  • Updated Date : 01/30/2021 at 19:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,473 sqft
  • Baths : 2 full
Listing Agent

X-sell Properties

Listing Agent's Description

YOU WON'T WANT TO MISS THISl 4 BEDROOM SINGLE STORY ON APPROXIMATELY 1/4 ACRE BACKING TO OPEN AREA WASH! NO HOUSE BEHIND!! CUL-DE-SAC LOCATION AND A NORTH SOUTH FACE! IN GROUND SELF CLEANING PEBBLE TECH POOL; GRASSY AREA FOR KIDS, FOUR SPACIOUS BEDROOMS PLUS FORMAL DINING OR DEN; WONDERFUL GATED COMMUNITY; NEW PAINT; NEWER CARPET; NEW STAINLESS STEEL APPLIANCES; SLAB GRANITE COUNTERTOPS; OPEN FLOOR PLAN WITH SPLIT MASTER BEDROOM, THIS HOME IS CLEAN AND READY TO MOVE IN. CLEAN, CLEAN!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Colina del Norte

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k577k

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

Neighborhood: Colina del Norte

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452726

* 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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

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

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,962
Property Tax -$276
Property Insurance -$75
HOA -$16
Property Management Fees -$99
CASH FLOW
$241

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.

$565,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.5%
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$1.8M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$55,968

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
  • $2,745

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,7004$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 5053 E Lonesome Trail Cave Creek, AZ 1
    • 4 beds 2 baths ∙ 2,473 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,473 Sqft ∙ Built 1999
    • 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
    •  
  • 4605 E Red Range Way Cave Creek, AZ 3
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2002
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.16
    •  
  • 4417 E Smokehouse Trail Cave Creek, AZ 4
    • 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.20
    •  
  • 5410 E Calle De Las Estrellas -- Cave Creek, AZ 5
    • 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2001
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.13
    •  
PROPERTY LISTING DETAILS
Vicki Schmidt
X-sell Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187849
Last Updated: 01/30/2021
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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