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5417 E Tapekim Road Cave Creek, AZ 85331

4 Beds 3 Baths 2,485 sqft Built 1986

$750,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $301.81
  • 2 Days on Market
  • MLS # : 6173470
  • Updated Date : 12/26/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,485 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

This home 2485 sqft (main house) is located on 1.20 acre, highly desert vegetated/landscaped property which is an outdoor enthusiast's dream. The 4-bedroom home is a split-bedroom layout with a master bedroom on one side and a large 600 ft exclusive Suite (Mother-In-Law quarters) on the other (with a private entrance). A staircase leads to a 25x21 viewing deck offering city light and Black Mountain views. The fenced in backyard is a desert resort oasis with tropical landscaping, pool with grotto waterfall and a fire pit. In the rear of the property (with its own private driveway and no visibility from main house) sits an exclusive detached 500 sq ft Santa-Fe studio style Casita with all the amenities included and instantly available as a rental. Two Tuff Sheds are on the property No HOA

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
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
GreatSchools Rating

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
 

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

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,767
Property Tax -$273
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
-$475

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

$2,740

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
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$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$20k$25k

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$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.

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$17,578

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,852

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,7004$2,7405$3,000
$3,000
RENT COMPS ANALYSIS
  • 5417 E Tapekim Road Cave Creek, AZ 4
    • 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.10
    •  
  • 4718 E Happy Coyote Trail Cave Creek, AZ 1
    • 3 beds 2 baths ∙ 2,137 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,137 Sqft ∙ Built 2001
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
  • 5537 E Dusty Wren Drive Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 2,291 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,291 Sqft ∙ Built 2002
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.13
    •  
  • 4605 E Red Range Way Cave Creek, AZ 3
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2002
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.16
    •  
  • 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
Ashley Hutson
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173470
Last Updated: 12/26/2020
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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