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6140 E Peak View Road Cave Creek, AZ 85331

4 Beds 3 Baths 2,977 sqft Built 1985

$777,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $261.00
  • 2 Days on Market
  • MLS # : 6190766
  • Updated Date : 02/06/2021 at 18:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,977 sqft
  • Baths : 3 full
Listing Agent

Wolf Realty, Inc.

Listing Agent's Description

This charming 3bed/2bath home plus 1bed/1bath guest house sits on well over an 2 acres of property in Cave Creek. Create the life you have always dreamed of, surrounded by wide-open spaces and incredible mountain views. Must see interior features wooden beam ceilings, floor to ceiling brick fireplace and a spacious open concept floorplan. Perfect for entertaining. The well appointed kitchen boasts a plethora of cabinet/counter space. Master retreat includes private en suite with dual sinks. You will love the flexibility of either relaxing or entertaining in the sun soaked Arizona room. Exterior features include a 4 car workshop and single car workshop. Do not miss out on this unique property. See it today and make it yours! Listing agents are related to sellers.

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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

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

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$699,300$854,700$777,000

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 -$2,699
Property Tax -$277
Property Insurance -$85
Property Management Fees -$99
CASH FLOW
-$620

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.

$777,000

PROJECTED PRICE

$2,540

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$211,655

INVESTMENT

$211,655

Down Payment
$194,250
Rehab Estimate
$5,750
Closing Costs
$11,655

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,699

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $194,250
Loan Amount $582,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$7,537

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
  • $3,223

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$3,4004$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 6140 E Peak View Road Cave Creek, AZ 1
    • 4 beds 3 baths ∙ 2,977 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,977 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6207 E Pinnacle Vista Drive Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 2,736 Sqft ∙ Built 1982 5 beds 4 baths ∙ 2,736 Sqft ∙ Built 1982
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.99
    •  
  • 27638 N 56th Place Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 3,032 Sqft ∙ Built 2000 3 beds 3 baths ∙ 3,032 Sqft ∙ Built 2000
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.12
    •  
  • 6772 E Duane Lane Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,312 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,312 Sqft ∙ Built 1996
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.06
    •  
  • 31152 N 59th Street Cave Creek, AZ 5
    • 5 beds 4 baths ∙ 3,016 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,016 Sqft ∙ Built 1999
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.16
    •  
PROPERTY LISTING DETAILS
James Wolf
Wolf Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190766
Last Updated: 02/06/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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