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6051 E Restin Road Cave Creek, AZ 85331

4 Beds 4 Baths 3,908 sqft Built 1984

$1,075,000

List Price

$4,250

$4K - $4.5K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $275.08
  • 2 Days on Market
  • MLS # : 6171859
  • Updated Date : 12/26/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,908 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

This corner lot home shows true pride of ownership and incredible Cave Creek living at its finest. This home is nestled on Black Mountain to maximize the view of the Valley while soaking in the sparkling pool or lounging on the sprawling patio. Inside this newly painted home with newer roof, you'll find a large eat in kitchen, family room with fireplace, owner's suite with fireplace and en suite bath that overlooks the pool and views! Amazing Kitchen features include copper sink & butcherblock island. Other rooms are the expansive dining room, mud room, 3 large bedrooms with large closets and guest entry and great sized den that can be used for office space or easily turned into a 5th bedroom! You'll also find tons of large picture windows, skylights, beautiful woodwork throughout,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Carefree Sentinel Rock Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $122k810k

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

Neighborhood: Carefree Sentinel Rock Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452746

* 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
 

$967,500$1,182,500$1,075,000

PURCHASE PRICE

$3,825$4,675$4,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,250
EXPENSES Loan Payment -$3,966
Property Tax -$416
Property Insurance -$103
HOA -$12
Property Management Fees -$99
CASH FLOW
-$347

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.

$1,075,000

PROJECTED PRICE

$4,250

PROJECTED RENT

0.40%

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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$290,625

INVESTMENT

$290,625

Down Payment
$268,750
Rehab Estimate
$5,750
Closing Costs
$16,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$3,966

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $268,750
Loan Amount $806,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$48,102

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,250

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $5,289

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$4,250
1$4,2502$4,9003$5,2504$6,500
$6,500
RENT COMPS ANALYSIS
  • 6051 E Restin Road Cave Creek, AZ 1
    • 4 beds 4 baths ∙ 3,908 Sqft ∙ Built 1984 4 beds 4 baths ∙ 3,908 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.09
    •  
  • 34770 N Los Reales Drive Carefree, AZ 2
    • 4 beds 3 baths ∙ 4,033 Sqft ∙ Built 1999 4 beds 3 baths ∙ 4,033 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.21
    •  
  • 34770 N Los Reales Drive N Carefree, AZ 3
    • 4 beds 3 baths ∙ 4,033 Sqft ∙ Built 1999 4 beds 3 baths ∙ 4,033 Sqft ∙ Built 1999
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.30
    •  
  • 35208 N Chino Lane Cave Creek, AZ 4
    • 4 beds 4 baths ∙ 4,192 Sqft ∙ Built 1995 4 beds 4 baths ∙ 4,192 Sqft ∙ Built 1995
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.55
    •  
PROPERTY LISTING DETAILS
Stacy Miller
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171859
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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