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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $228.66
- 3 Days on Market
- MLS # : 6194153
- Updated Date : 02/20/2021 at 01:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,624 sqft
- Baths : 3 full
Listing Agent
Arizona Best Real Estate
Listing Agent's Description
Highly sought after gated Cave Creek community! 4 beds PLUS den 3 bath home with newly refinished pool! New Carpet (2/18/21)North/South facing lot allowing for the most picturesque sunsets! Quiet Cul de sac lot boarding NAOS for the upmost privacy. Very well laid out Split floor plan set up perfect for shared home allowing for lots of privacy. Two guest rooms with Jack and Jill bath. Oversized laundry room, great space for mudroom or spare fridge. Professionally cleaned and ready for move in!
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PRICE & RENT TRENDS
Neighborhood: Desert View
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert View
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,340 |
| EXPENSES | Loan Payment | -$2,084 |
| Property Tax | -$293 | |
| Property Insurance | -$78 | |
| HOA | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$290
|
||
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.
$600,000
PROJECTED PRICE
$2,340
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$164,750
LOAN DETAILS
$2,084
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $150,000 |
| Loan Amount | $450,000 |
2.92
YEARS SAVED
$13,836
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
-
$2,827
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
5335 E Gloria Lane Cave Creek, AZ 1
- 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4537 E Thunder Hawk Road Cave Creek, AZ 2
- 3 beds 2 baths ∙ 2,378 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,378 Sqft ∙ Built 2001
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,250
- $0.95
-
4840 E Eden Drive Cave Creek, AZ 3
- 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 4
- 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
-
5410 E Calle De Las Estrellas -- Cave Creek, AZ 5
- 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2001
LEASED 02/01/20- Rent
- Rent Per SQFT
- $3,000
- $1.13
PROPERTY LISTING DETAILS
Arizona Best Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194153
Last Updated: 02/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
