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5409 E Calle De Las Estrellas -- Cave Creek, AZ 85331

4 Beds 4 Baths 3,100 sqft Built 2002

$750,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $241.94
  • 4 Days on Market
  • MLS # : 6208413
  • Updated Date : 03/27/2021 at 05:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,100 sqft
  • Baths : 3 full , 1 half
Listing Agent

North & Co

Listing Agent's Description

Nestled in a quiet cul-de-sac in the desirable gated community, Chaparral at Lone Mountain, this meticulously maintained 4 bed, 3.5 bath, split floor plan home is a show stopper! With high ceilings throughout, an abundance of natural light, a gas fireplace, extra storage, plantation shutters, freshly painted inside and out, this home is sure to make you feel right at home! Chef's kitchen is a dream includes a large island, walk-in pantry, upgraded appliances, wine fridge. Master suite has a private entrance to the backyard, huge walk-in closet, and a spa-like master bathroom with a soaking tub, remodeled shower, and updated fixtures. Backing to a desert preserve the recently renovated yard includes a pergola w lights, travertine patio, stucco walls, view fence and heated lap pool with spa.

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
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,605
Property Tax -$367
Property Insurance -$88
HOA -$28
Property Management Fees -$99
CASH FLOW
-$496

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.

$750,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.6%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$10,625

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $3,488

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,690
1$2,6902$3,0003$3,2004$3,5005$4,000
$4,000
RENT COMPS ANALYSIS
  • 5409 E Calle De Las Estrellas -- Cave Creek, AZ 1
    • 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.87
    •  
  • 5902 E White Pine Drive Cave Creek, AZ 2
    • 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
    •  
  • 29424 N 49 Street Cave Creek, AZ 3
    • 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 1999
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.13
    •  
  • 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
    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
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.22
    •  
PROPERTY LISTING DETAILS
Alexandra Maria Komichak
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208413
Last Updated: 03/27/2021
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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