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5125 E Restin Road Cave Creek, AZ 85331

4 Beds 4 Baths 3,349 sqft Built 2014

$1,100,000

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cave Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k563k

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

Neighborhood: Cave Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452694

* 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
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
GreatSchools Rating

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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,801

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,8004$4,0005$4,250
$4,250
RENT COMPS ANALYSIS
  • 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
Mitzilynn Jenkins
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175814
Last Updated: 12/31/2020
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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