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5611 E White Pine Drive Cave Creek, AZ 85331

4 Beds 3 Baths 3,800 sqft Built 2010

$750,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $197.37
  • 2 Days on Market
  • MLS # : 6162951
  • Updated Date : 11/21/2020 at 12:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,800 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Maticulously kept home on a lot that fronts and back lush Sonoran open space. Majestic Black Mountain views from the front and some twinkling city lights in the back at night! There are fantastic views out of most of the rooms. Very private setting. Resort like yard. Popular La Jolla floorplan with 5th bedroom open as a den. Large family room downstairs plus a huge rec room up. Beautiful wood floors! Upgraded applianced inlcude a 6 burner gas range with gridle. Lots of stoarge and closet area. Upstairs patio to enjoy. Loft area makes a dramatic entrance to the master. The neighborhood is privately gated and near the Award winning Cave Creek Uniified School District campus. Private parks can be enjoyed nearby.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lone Mountain

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452634

* 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
 

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

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,767
Property Tax -$367
Property Insurance -$101
HOA -$34
Property Management Fees -$99
CASH FLOW
-$828

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

$2,540

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

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 65% 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

0.67

YEARS SAVED

$2,396

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $3,344

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,540
1$2,5402$2,8953$3,3504$3,400
$3,400
RENT COMPS ANALYSIS
  • 5611 E White Pine Drive Cave Creek, AZ 1
    • 4 beds 3 baths ∙ 3,800 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,800 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.67
    •  
  • 6029 E Smokehouse Trail Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 3,661 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,661 Sqft ∙ Built 1999
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.79
    •  
  • 31917 N 64th Street Cave Creek, AZ 3
    • 4 beds 3 baths ∙ 3,759 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,759 Sqft ∙ Built 2008
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.89
    •  
  • 29771 N 67th Street Scottsdale, AZ 4
    • 5 beds 3 baths ∙ 3,524 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,524 Sqft ∙ Built 1997
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.96
    •  
PROPERTY LISTING DETAILS
Janet Mohr
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162951
Last Updated: 11/21/2020
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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