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5363 E Forest Pleasant Place E Cave Creek, AZ 85331

4 Beds 3 Baths 3,003 sqft Built 1997

INVESTimate

$640,000

List Price

$2,370

$2,133 - $2,607

Rent Est.

$660,480  ( +3.20%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $213.12
  • 5 Days on Market
  • MLS # : 6121084
  • Updated Date : 08/23/2020 at 12:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,003 sqft
  • Baths : 3 full
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

Meticulously kept up home down to the epoxy coated garage floors! Beautiful gated 4 bedroom + den & 3 bath home in Desert Wind. This home has space for everyone to work and or home school! Premium cul-de-sac interior view lot! Wood-plank look porcelain flooring in main living areas and den, natural wood floors in bedrooms with decorator baseboards. Luxury spacious kitchen with 5 burner & griddle gas cook top. Upgraded slab granite, light and bright in day and modern recessed lighting for evening. Welcoming open floor plan. Private split owners retreat and Jack & Jill bath for secondary spacious bedrooms. Your own private resort backyard with pool, shaded cabana, fire pit, gas grill and entertaining island.

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
 

$576,000$704,000$640,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$2,361
Property Tax -$313
Property Insurance -$81
HOA -$75
Property Management Fees -$99
CASH FLOW
-$559

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.

$640,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.20%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,350

INVESTMENT

$175,350

Down Payment
$160,000
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $160,000
Loan Amount $480,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,069

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,939

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,370
1$2,3702$2,9503$3,0004$3,0005$3,150
$3,150
RENT COMPS ANALYSIS
  • 5363 E Forest Pleasant Place E Cave Creek, 1
    • 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.86
    •  
  • 5037 E Sierra Sunset Trail Cave Creek, 2
    • 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 2000
    property image
    LEASED 05/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.03
    •  
  • 5902 E White Pine Drive Cave Creek, 3
    • 3 beds 3 baths ∙ 3,037 Sqft ∙ Built 2012 3 beds 3 baths ∙ 3,037 Sqft ∙ Built 2012
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.99
    •  
  • 5410 E Calle De Las Estrellas -- Cave Creek, 4
    • 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2001
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.13
    •  
  • 32409 N 52nd Way Cave Creek, 5
    • 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 1999
    property image
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.10
    •  
PROPERTY LISTING DETAILS
Jill Ramirez
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121084
Last Updated: 08/23/2020
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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