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5249 E Palo Brea Lane Cave Creek, AZ 85331

3 Beds 3 Baths 2,351 sqft Built 2014

$725,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $308.38
  • 8 Days on Market
  • MLS # : 6171854
  • Updated Date : 12/26/2020 at 17:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,351 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

You'll love the fresh new feeling this open floor plan has. The open kitchen to family room is perfect for entertaining or family gatherings. Cook up meals in the bright kitchen complete with 6-burner gas Jenn-Air stove, stainless steel appliances, quartz counter tops , walk in pantry and plenty of cabinetry. Watch movies or sit by the fire in your roomy family room. The bonus room with built-in shelves is perfect for a home office or reading room. The split floorpan is perfect for family and guests with spacious bedrooms. Artistic or athletic? The additional space in the garage can be used for an art studio, workshop or fitness room. The private back yard with lush greenery has a sparkling pool, covered patio and garden area. Minutes away from Desert Ridge, High Street & the 101.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10452582

* 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
Lone Mountain Elementary School Primary Regular 589 31 9
Lone Mountain Elementary School Middle Regular 589 31 9
Cactus Shadows High School High Regular 1,704 70 8

Lone Mountain Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 31
9
GreatSchools Rating

Lone Mountain Elementary School

  • Education Level: Middle
  • # of students: 589
  • # of teachers: 31
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,675
Property Tax -$354
Property Insurance -$73
HOA -$64
Property Management Fees -$99
CASH FLOW
-$645

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.

$725,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,572

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
  • $2,469

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,3004$2,9005$2,900
$2,900
RENT COMPS ANALYSIS
  • 5249 E Palo Brea Lane Cave Creek, AZ 1
    • 3 beds 3 baths ∙ 2,351 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,351 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5110 E Duane Lane Cave Creek, AZ 2
    • 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1999
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 4926 E Duane Lane Cave Creek, AZ 3
    • 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 1997
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
  • 4840 E Eden Drive Cave Creek, AZ 4
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1999
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.12
    •  
  • 4809 E Palo Brea Lane Cave Creek, AZ 5
    • 3 beds 3 baths ∙ 2,620 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,620 Sqft ∙ Built 1997
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.11
    •  
PROPERTY LISTING DETAILS
Kimberly Nathanson
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171854
Last Updated: 12/26/2020
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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