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5401 E Via Caballo Blanco Drive Cave Creek, AZ 85331

4 Beds 4 Baths 3,100 sqft Built 2003

$740,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $238.71
  • 5 Days on Market
  • MLS # : 6192045
  • Updated Date : 02/10/2021 at 17:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,100 sqft
  • Baths : 3 full , 1 half
Listing Agent

A.z. & Associates

Listing Agent's Description

Welcome to your new home in a prime gated community in the Cave Creek! As you enter through the wrought iron & glass doorway, the home's open floor plan & luxurious updates are sure to impress. The split floor plan provides plenty of privacy. The newly remodeled Owner's Suite bath has an upgraded expansive shower, deep soaking tub, & split double sinks. There are also 3 additional bedrooms including an ensuite. Gorgeous kitchen opens to the living area & has dark cherry cabinets, built in wall oven & microwave, intricate tile backsplash & granite countertops. There is even an indoor gas fireplace for those chilly Arizona nights. You'll love the heated saltwater pool & is sure to create lasting memories with friends & family. There is plenty of entertaining to be done here! Call today

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chaparral

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k597k

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

Neighborhood: Chaparral

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452826

* 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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

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

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$666,000$814,000$740,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,570
Property Tax -$362
Property Insurance -$88
HOA -$28
Property Management Fees -$99
CASH FLOW
-$616

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.

$740,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.34%

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$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$201,850

INVESTMENT

$201,850

Down Payment
$185,000
Rehab Estimate
$5,750
Closing Costs
$11,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,570

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $185,000
Loan Amount $555,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,650

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $3,170

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,530
1$2,5302$2,8953$3,0004$3,0005$3,500
$3,500
RENT COMPS ANALYSIS
  • 5401 E Via Caballo Blanco Drive Cave Creek, AZ 1
    • 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $0.82
    •  
  • 31399 N 59th Street Cave Creek, AZ 2
    • 5 beds 4 baths ∙ 3,016 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,016 Sqft ∙ Built 1999
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.96
    •  
  • 5902 E White Pine Drive Cave Creek, AZ 3
    • 3 beds 3 baths ∙ 3,037 Sqft ∙ Built 2012 3 beds 3 baths ∙ 3,037 Sqft ∙ Built 2012
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.99
    •  
  • 30651 N 46th Place Cave Creek, AZ 4
    • 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 1989
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.98
    •  
  • 31152 N 59th Street Cave Creek, AZ 5
    • 5 beds 4 baths ∙ 3,016 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,016 Sqft ∙ Built 1999
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.16
    •  
PROPERTY LISTING DETAILS
Ruth Nastasi
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192045
Last Updated: 02/10/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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