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6770 E Skyline Drive Cave Creek, AZ 85331

4 Beds 4 Baths 4,035 sqft Built 2004

$1,100,000

List Price

$4,580

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $272.61
  • 4 Days on Market
  • MLS # : 6177853
  • Updated Date : 01/09/2021 at 18:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,035 sqft
  • Baths : 4 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Enjoy the views and quiet privacy from this mountainside custom home overlooking nearly 40 acres of pristine desert in the heart of Cave Creek. No HOA! Put the home to work as a rental property, senior living center, or a residence for multi-generational living with 3 kitchens, multiple entrances. Ideal for guests with a separate entrance and full kitchen. Gated residence is designed around the superb vistas of Black Mountain. Enjoy views on the expansive decks on multiple levels to 'Wow' your guests, Oversize garage that may hold 5 cars & walls of cabinetry. This solid home was built stronger than code, with all walls maximum soundproofed! You'll appreciate the extensive custom knotty alder doors and trim. The seller has plan estimates for a pool. What a setting! See the video tour!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cave Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k563k

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

Neighborhood: Cave Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452694

* 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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$4,122$5,038$4,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,580
EXPENSES Loan Payment -$3,821
Property Tax -$401
Property Insurance -$106
Property Management Fees -$99
CASH FLOW
$154

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.

$1,100,000

PROJECTED PRICE

$4,580

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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$3.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k

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$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$81,506

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,580

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $6,093

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$4,580
1$4,5802$5,5003$6,500
$6,500
RENT COMPS ANALYSIS
  • 6770 E Skyline Drive Cave Creek, AZ 1
    • 4 beds 4 baths ∙ 4,035 Sqft ∙ Built 2004 4 beds 4 baths ∙ 4,035 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $4,580
    • $1.14
    •  
  • 8239 E Paint Pony Drive Carefree, AZ 2
    • 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1984 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1984
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.47
    •  
  • 35208 N Chino Lane Cave Creek, AZ 3
    • 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
Preston C. Westmoreland
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177853
Last Updated: 01/09/2021
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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