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5828 E Milton Drive Cave Creek, AZ 85331

5 Beds 4 Baths 4,309 sqft Built 2018

$1,125,000

List Price

$3,760

$3.5K - $4K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $261.08
  • 3 Days on Market
  • MLS # : 6172962
  • Updated Date : 12/19/2020 at 11:58
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,309 sqft
  • Baths : 4 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Gorgeous home on large lot in heart of Desert Foothills area. This beautiful home has polished travertine throughout this great floor plan offering 5 bedrooms and 3 1/2 baths. The Kitchen offers high end appliances, a large island, along with tons of custom cabinets.The formal dining room has French doors opening to the private entry gated courtyard with an outdoor gas fireplace. The master bath is highly appointed with double vanities and a makeup area with a stone accented feature wall in front of the large bathtub. The spacious walk in shower has a glass entrance door, with an overhead rain head. Over-sized closet finishes off the suite. Beautiful views all around with large paver patios on both entertaining areas. Fully automatic entry gates to side entry 4 car garage with storage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Boulders

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k483k

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

Neighborhood: Boulders

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453924

* 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
 

$1,012,500$1,237,500$1,125,000

PURCHASE PRICE

$3,384$4,136$3,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,760
EXPENSES Loan Payment -$4,151
Property Tax -$393
Property Insurance -$111
Property Management Fees -$99
CASH FLOW
-$994

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.

$1,125,000

PROJECTED PRICE

$3,760

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$303,875

INVESTMENT

$303,875

Down Payment
$281,250
Rehab Estimate
$5,750
Closing Costs
$16,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,151

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $281,250
Loan Amount $843,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$11,628

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $4,438

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,0003$5,145
$5,145
RENT COMPS ANALYSIS
  • 5828 E Milton Drive Cave Creek, AZ 1
    • 5 beds 4 baths ∙ 4,309 Sqft ∙ Built 2018 5 beds 4 baths ∙ 4,309 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5310 E Windstone Trail Cave Creek, AZ 2
    • 6 beds 4 baths ∙ 4,212 Sqft ∙ Built 2009 6 beds 4 baths ∙ 4,212 Sqft ∙ Built 2009
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.95
    •  
  • 5256 E Barwick Drive Cave Creek, AZ 3
    • 5 beds 5 baths ∙ 4,620 Sqft ∙ Built 2009 5 beds 5 baths ∙ 4,620 Sqft ∙ Built 2009
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,145
    • $1.11
    •  
PROPERTY LISTING DETAILS
Joshua Herrin
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172962
Last Updated: 12/19/2020
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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