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5104 E Peak View Road Cave Creek, AZ 85331

3 Beds 3 Baths 2,156 sqft Built 1999

$439,950

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $204.06
  • 9 Days on Market
  • MLS # : 6152257
  • Updated Date : 10/30/2020 at 14:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,156 sqft
  • Baths : 2 full , 1 half
Listing Agent

Grotjahn Capital Management

Listing Agent's Description

3 BEDROOM 2.5 BATHS 2156 SQ.FT. 2 STORY HOME LOCATED IN THE BEAUTIFUL CAVE CREEK/TATUM RANCH AREA. HOUSE HAS SPARKLING POOL IN PROFESSIONALLY LANDSCAPED BACKYARD. *****HOME IS CURRENTLY BEING REMODELED TO INCLUDE: NEW UPGRADED CARPETS, TWO TONE PAINT & 5 1/4 BASEBOARD THROUGHOUT HOME. *NO SHOW UNTIL 11/1* 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
 

$395,955$483,945$439,950

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,623
Property Tax -$215
Property Insurance -$69
HOA -$9
Property Management Fees -$99
CASH FLOW
-$115

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.

$439,950

PROJECTED PRICE

$1,900

PROJECTED RENT

0.43%

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-$5.0k$0.0$5.0k$10k$15k

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$122,337

INVESTMENT

$122,337

Down Payment
$109,988
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,988
Loan Amount $329,963
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$21,277

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
  • $2,312

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,1504$2,3955$2,495
$2,495
RENT COMPS ANALYSIS
  • 5104 E Peak View Road Cave Creek, AZ 1
    • 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    •  
  • 5065 E Mazatzal Drive Cave Creek, AZ 4
    • 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2004
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.20
    •  
  • 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
Tony Grotjahn
Grotjahn Capital Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152257
Last Updated: 10/30/2020
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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