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6444 E Montgomery Road Cave Creek, AZ 85331

4 Beds 3 Baths 2,545 sqft Built 1990

$940,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $369.35
  • 4 Days on Market
  • MLS # : 6212080
  • Updated Date : 03/25/2021 at 18:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,545 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Sitting on a premium 1.36 acre property in the highly desirable Cave Creek County Island, this home offers 5 bedrooms and 3 bathrooms under roof. The main home is 4 bedrooms, 2 bathrooms in 2136 sq. ft, and 1 additional bedroom and bathroom located in 2280 sq ft. permitted detached air-conditioned casita/RV garage/workshop. The open great room floor plan is perfectly designed for entertaining and comfortable living. Great room features stone fireplace and adjacent door opens to large backyard with pebbletec pool boasting views of black mountain. The gorgeous and substantial kitchen is perfectly designed for entertaining, with high-end appliances and large sit-up island. The kitchen features custom cabinetry and

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
 

$846,000$1,034,000$940,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$3,265
Property Tax -$328
Property Insurance -$77
Property Management Fees -$99
CASH FLOW
-$1,359

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.

$940,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.26%

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

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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$254,850

INVESTMENT

$254,850

Down Payment
$235,000
Rehab Estimate
$5,750
Closing Costs
$14,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,265

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $235,000
Loan Amount $705,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$101

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,946

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,410
1$2,4102$2,7503$2,9004$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 6444 E Montgomery Road Cave Creek, AZ 1
    • 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.95
    •  
  • 5207 E Lone Mountain Road Cave Creek, AZ 2
    • 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
    •  
  • 6593 E Evening Glow Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,751 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,751 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.05
    •  
  • 5410 E Calle De Las Estrellas -- Cave Creek, AZ 4
    • 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2001
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.13
    •  
  • 7558 E Visao Drive Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 2,719 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,719 Sqft ∙ Built 1999
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.21
    •  
PROPERTY LISTING DETAILS
Alison Shultz
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212080
Last Updated: 03/25/2021
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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