Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5507 E Dusty Wren Drive Cave Creek, AZ 85331

3 Beds 3 Baths 2,864 sqft Built 2001

$650,000

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $226.96
  • 3 Days on Market
  • MLS # : 6169254
  • Updated Date : 12/12/2020 at 07:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,864 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

See this gorgeous 3 bed/3 bath with a den/office that's perfect if you work from home. As you enter the home, notice your spacious living room/formal dining room and all the natural light. Round the corner into a great room concept with kitchen and family room combined. Your spacious kitchen has stainless appliances, breakfast bar, lots of granite counter space that allows room for everyone. Family area has views of the amazing backyard. Your huge master bedroom has a private exit to the backyard, a full master bath w/granite counters, tiled shower and jetted tub. All bathrooms throughout the home have been updated. New HVAC units (2015) provide energy efficiency! Then the backyard, large covered patio, built in BBQ, fire pit and pool/spa. Enjoy the summer nights on the patio!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Colina del Norte

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k577k

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

Neighborhood: Colina del Norte

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452726

* 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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$2,398
Property Tax -$318
Property Insurance -$83
HOA -$16
Property Management Fees -$99
CASH FLOW
$256

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.

$650,000

PROJECTED PRICE

$3,170

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.5%
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$0.0$5.0k$10k$15k$20k$25k$30k$35k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$74,458

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $3,193

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9003$3,0004$3,1505$3,170
$3,170
RENT COMPS ANALYSIS
  • 5507 E Dusty Wren Drive Cave Creek, AZ 5
    • 3 beds 3 baths ∙ 2,864 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,864 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $1.11
    •  
  • 4840 E Eden Drive Cave Creek, AZ 1
    • 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 2
    • 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 3
    • 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
    •  
  • 32409 N 52nd Way Cave Creek, AZ 4
    • 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 1999
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.10
    •  
PROPERTY LISTING DETAILS
Garry Lipko
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169254
Last Updated: 12/12/2020
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.

BESbswy