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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $328.46
- 4 Days on Market
- MLS # : 6175814
- Updated Date : 12/31/2020 at 15:32
CONSTRUCTION
- Beds : 4
- Floor Size : 3,349 sqft
- Baths : 3 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
HORSE PROPERTY ON 2.5 ACRES! Enjoy the rural atmosphere with city conveniences. 360 degree views of the Cave Creek hills and sprawling landscape to the south. Set up as horse property with 4 stalls & self-water, 130x80 arena, 12x20 tack barn. Ride off the property straight to some the best trail riding in Arizona! If horses aren't your thing then the arena area is perfect for your future workshop, guest house, etc. Custom home boasts stamped, wood look, concrete floors; custom Mesquite double front door; 2 fireplaces; custom knotty Alder cabinets; copper sinks; SubZero R/F; 2nd & 3rd bedrooms share Jack-n-Jill bathroom; covered back porch; roof top deck; covered outdoor BBQ with concrete countertops, live-edge bar top, & Traeger Grill/Smoker; & built-in firepit to gather around.
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PRICE & RENT TRENDS
Neighborhood: Cave Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cave Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,350 |
| EXPENSES | Loan Payment | -$4,059 |
| Property Tax | -$401 | |
| Property Insurance | -$92 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,301
|
||
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.
$1,100,000
PROJECTED PRICE
$3,350
PROJECTED RENT
0.30%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.5% |
| 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
$297,250
LOAN DETAILS
$4,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $275,000 |
| Loan Amount | $825,000 |
0.58
YEARS SAVED
$2,482
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,801
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
-
5125 E Restin Road Cave Creek, AZ 1
- 4 beds 4 baths ∙ 3,349 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,349 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4613 E Tumbleweed Drive Cave Creek, AZ 2
- 4 beds 3 baths ∙ 3,065 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,065 Sqft ∙ Built 2001
LEASED 08/31/20- Rent
- Rent Per SQFT
- $3,100
- $1.01
-
5679 E Perdido Drive Cave Creek, AZ 3
- 5 beds 4 baths ∙ 3,315 Sqft ∙ Built 1995 5 beds 4 baths ∙ 3,315 Sqft ∙ Built 1995
LEASED 06/28/20- Rent
- Rent Per SQFT
- $3,800
- $1.15
-
3717 E Villa Cassandra Way Cave Creek, AZ 4
- 4 beds 4 baths ∙ 3,451 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,451 Sqft ∙ Built 2002
LEASED 06/01/20- Rent
- Rent Per SQFT
- $4,000
- $1.16
-
5829 E Agave Place #views Carefree, AZ 5
- 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 1995
LEASED 07/25/19- Rent
- Rent Per SQFT
- $4,250
- $1.22
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175814
Last Updated: 12/31/2020
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.
