Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5202 W Cavedale Drive Phoenix, AZ 85083

4 Beds 3 Baths 2,880 sqft Built 2007

$525,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $182.29
  • 8 Days on Market
  • MLS # : 6157978
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,880 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

Pristine home with gorgeous mountain views located on corner lot in the highly desired neighborhood of Stetson Valley! This 4 bed 2.5 bath home is one of a kind, with a full 3 car garage! Large entryway leads to spacious living room. The home boasts a formal dining room and den! The gourmet kitchen has granite countertops, backsplash, double ovens, and upgraded fixtures throughout! Home also has upgraded ceramic tile, large baseboards, built in surround sound and a Kinetico water softener! The master bedroom has an oversized walk-in closet and exit to the gorgeous backyard! Master bathroom includes double sinks, separate shower and tub! Enjoy mountain views from front & backyard with greenbelt behind for privacy. Walking distance from park , walking paths, playground and sports courts.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stetson Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k487k

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

Neighborhood: Stetson Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342160

* 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
Las Brisas Elementary School Primary Regular 834 44 8
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6

Las Brisas Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 44
8
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,937
Property Tax -$314
Property Insurance -$83
HOA -$24
Property Management Fees -$99
CASH FLOW
-$328

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.

$525,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.6%
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

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$11,069

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,130

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,146

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,1004$2,1305$2,250
$2,250
RENT COMPS ANALYSIS
  • 5202 W Cavedale Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.74
    •  
  • 5428 W Red Bird Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2008
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.69
    •  
  • 5523 W Andrea Drive Phoenix, AZ 2
    • 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2007
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.71
    •  
  • 5165 W Quail Track Drive Phoenix, AZ 3
    • 4 beds 4 baths ∙ 2,697 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,697 Sqft ∙ Built 2012
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 25619 N 51st Drive Phoenix, AZ 5
    • 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2006
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
PROPERTY LISTING DETAILS
Shelby K Dibiase
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157978
Last Updated: 11/13/2020
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.

BESbswy