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6348 E Wildcat Drive Cave Creek, AZ 85331

3 Beds 2 Baths 2,055 sqft Built 1980

$849,900

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $413.58
  • 3 Days on Market
  • MLS # : 6175773
  • Updated Date : 01/02/2021 at 19:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,055 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful 2+ acre horse property with newly remodeled 3 BR, 2 bath single-level home kitchen with quartz countertops, Silgranit sink, double oven, Bosch radiant electric cooktop, SS microwave, dishwasher, refrigerator. Fully remodeled baths with walk-in tile showers. Tile floors throughout. Updated interior lighting and fans. Newly painted interior & exterior. North facing mountain view backyard, fire pit, pond w/waterfall, mature shade trees & outdoor kitchen. Gorgeous pool.Majority of property perimeter is fenced. Property lacks nothing when it comes to equine amenities: fully enclosed barn with 4 breeding stalls,2 large turnout areas. Additional 3 outdoor stalls, Large lighted sand arena & round pen both w/sprinklers, covered grooming area/wash racks w/misters. Add'l storage galore!

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
 

$764,910$934,890$849,900

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$3,136
Property Tax -$297
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$1,119

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.

$849,900

PROJECTED PRICE

$2,480

PROJECTED RENT

0.29%

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

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$230,974

INVESTMENT

$230,974

Down Payment
$212,475
Rehab Estimate
$5,750
Closing Costs
$12,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,475
Loan Amount $637,425
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$718

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,605

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4503$2,4804$2,5755$2,750
$2,750
RENT COMPS ANALYSIS
  • 6348 E Wildcat Drive Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.21
    •  
  • 6116 E Morning Vista Lane Cave Creek, AZ 1
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1991
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.31
    •  
  • 7676 E Balao Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 2000
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.33
    •  
  • 6688 E Duane Lane Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,157 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,157 Sqft ∙ Built 1996
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $1.19
    •  
  • 5207 E Lone Mountain Road Cave Creek, AZ 5
    • 4 beds 2 baths ∙ 2,218 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,218 Sqft ∙ Built 1986
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.24
    •  
PROPERTY LISTING DETAILS
Dawn Curtis
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175773
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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