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5317 E Forest Pleasant Place Cave Creek, AZ 85331

4 Beds 3 Baths 3,002 sqft Built 1999

$719,000

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $239.51
  • 2 Days on Market
  • MLS # : 6177754
  • Updated Date : 01/09/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,002 sqft
  • Baths : 3 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

BEAUTIFUL, IMPECCABLY MAINTAINED 4 BEDROOM HOME PLUS HUGE OFFICE IS READY FOR YOU TO CALL HOME. Located in a GATED COMMUNITY on a quiet cul de sac street backing to a PRIVATE WASH with INCREDIBLE LANDSCAPING front and back.Plenty of room, large master with huge walk in closet, and 3 additional bedrooms,Jack and Jill bath. The large HOME OFFICE fits today's lifestyle and can be used for WORK, HOME EDUCATION, or even a ZOOM STUDIO! Inviting OUTDOOR LIVING starts with very large COVERED PATIO looking out over beautiful mature landscaping to the separate SITTING AREA complete with FIREPLACE and built in BBQ. Big 3 CAR GARAGE with BUILT IN CABINETS and additional STORAGE SPACE IN THE ATTIC. CLEAN AS A WHISTLE AND READY FOR YOU TO CALL HOME! Some furnishings avail. under separate bill of sale

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
 

$647,100$790,900$719,000

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$2,497
Property Tax -$351
Property Insurance -$86
HOA -$26
Property Management Fees -$99
CASH FLOW
-$89

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.

$719,000

PROJECTED PRICE

$2,970

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$196,285

INVESTMENT

$196,285

Down Payment
$179,750
Rehab Estimate
$5,750
Closing Costs
$10,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,497

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $179,750
Loan Amount $539,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$34,720

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $3,505

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,970
1$2,9702$3,0003$3,4004$3,5005$4,000
$4,000
RENT COMPS ANALYSIS
  • 5317 E Forest Pleasant Place Cave Creek, AZ 1
    • 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $0.99
    •  
  • 29424 N 49 Street Cave Creek, AZ 2
    • 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 1999
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.06
    •  
  • 33824 N Pate Place Cave Creek, AZ 3
    • 5 beds 3 baths ∙ 2,769 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,769 Sqft ∙ Built 2002
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.23
    •  
  • 31152 N 59th Street Cave Creek, AZ 4
    • 5 beds 4 baths ∙ 3,016 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,016 Sqft ∙ Built 1999
    property image
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.16
    •  
  • 4123 E Lonesome Trail Cave Creek, AZ 5
    • 5 beds 4 baths ∙ 3,278 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,278 Sqft ∙ Built 2008
    property image
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.22
    •  
PROPERTY LISTING DETAILS
Steven Hanssen
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177754
Last Updated: 01/09/2021
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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