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5221 E Rolling Creek Drive Cave Creek, AZ 85331

4 Beds 5 Baths 4,025 sqft Built 2017

$1,295,000

List Price

$4,470

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $321.74
  • 4 Days on Market
  • MLS # : 6177454
  • Updated Date : 01/08/2021 at 16:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,025 sqft
  • Baths : 4 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

FEATURING THE GREATEST GREAT-ROOM-OF-ALL-TIME, A PHENOMENAL KITCHEN AND THE BEST GUEST ROOMS EVER, this nearly new luxury home on 2.33 acres will be ideal for gatherings of your friends & family. The massive Great Room, with high coffered ceilings and a wall of windows, is anchored by a 90 sq ft quartz island, Shaker cabinets, a 6-burner WOLF range & a 72'' SubZero fridge. There are two true master bedrooms plus separate guest quarters, another bedroom & an office. Outside, 2 garages with 5 total bays offer room for cars, toys & hobbies. In back, the owners invested $170,000 in a perfectly positioned sunny pool/spa, Built-in BBQ, fire features & travertine pavers. All this in the vibrant town of Cave Creek, with its outstanding golf, hiking, shopping, restaurants & nightlife!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $122k1330k

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

Neighborhood: Canyon Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
 

$1,165,500$1,424,500$1,295,000

PURCHASE PRICE

$4,023$4,917$4,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,470
EXPENSES Loan Payment -$4,498
Property Tax -$472
Property Insurance -$106
HOA -$2
Property Management Fees -$99
CASH FLOW
-$707

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.

$1,295,000

PROJECTED PRICE

$4,470

PROJECTED RENT

0.35%

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

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$348,925

INVESTMENT

$348,925

Down Payment
$323,750
Rehab Estimate
$5,750
Closing Costs
$19,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,498

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $323,750
Loan Amount $971,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$27,813

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,470

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $5,051

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$4,470
1$4,4702$4,9003$5,250
$5,250
RENT COMPS ANALYSIS
  • 5221 E Rolling Creek Drive Cave Creek, AZ 1
    • 4 beds 5 baths ∙ 4,025 Sqft ∙ Built 2017 4 beds 5 baths ∙ 4,025 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $4,470
    • $1.11
    •  
  • 34770 N Los Reales Drive Carefree, AZ 2
    • 4 beds 3 baths ∙ 4,033 Sqft ∙ Built 1999 4 beds 3 baths ∙ 4,033 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.21
    •  
  • 34770 N Los Reales Drive N Carefree, AZ 3
    • 4 beds 3 baths ∙ 4,033 Sqft ∙ Built 1999 4 beds 3 baths ∙ 4,033 Sqft ∙ Built 1999
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.30
    •  
PROPERTY LISTING DETAILS
David Crozier
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177454
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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