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10 Almarte Circle Carefree, AZ 85377

2 Beds 3 Baths 1,880 sqft Built 2015

$695,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $369.68
  • 2 Days on Market
  • MLS # : 6186825
  • Updated Date : 01/30/2021 at 08:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,880 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Superb location in highly desirable Carefree. This very tasteful single level, no steps, energy efficient home with open floor plan sits on a great corner premium lot offering natural sunlight & fabulous Black Mt and sunset views. 2 bedrooms plus den/office, great room concept, dining room, tile floors, white quartz kitchen countertop & stainless appliances. Solar electric power (owned). APS Energy Star Home Certified with HERS score over 60. Enjoy carefree days and evenings on the large private backyard patio with built in BBQ and wonderful views. Soak up the sun at the beautiful community pool, walk to the Carefree Farmer's Market or Keeler's Steakhouse for dinner. Move in ready! You won't be disappointed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Granada Villas

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k737k

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

Neighborhood: Granada Villas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453589

* 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
 

$625,500$764,500$695,000

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 -$2,414
Property Tax -$269
Property Insurance -$64
HOA -$233
Property Management Fees -$99
CASH FLOW
-$669

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.

$695,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.1%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,414

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,533

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
  • $1.28

    LIST RENT PER SQFT
  • $2,225

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,4003$2,4004$2,410
$2,410
RENT COMPS ANALYSIS
  • 10 Almarte Circle Carefree, AZ 4
    • 2 beds 3 baths ∙ 1,880 Sqft ∙ Built 2015 2 beds 3 baths ∙ 1,880 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $1.28
    •  
  • 36601 N Mule Train Road #d1 Carefree, AZ 1
    • 2 beds 3 baths ∙ 1,970 Sqft ∙ Built 2003 2 beds 3 baths ∙ 1,970 Sqft ∙ Built 2003
    property image
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.12
    •  
  • 36601 N Mule Train Road #a42 Carefree, AZ 2
    • 2 beds 3 baths ∙ 1,970 Sqft ∙ Built 2005 2 beds 3 baths ∙ 1,970 Sqft ∙ Built 2005
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.22
    •  
  • 36601 N Mule Train Road N #b38 Carefree, AZ 3
    • 2 beds 3 baths ∙ 1,983 Sqft ∙ Built 2005 2 beds 3 baths ∙ 1,983 Sqft ∙ Built 2005
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.21
    •  
PROPERTY LISTING DETAILS
Janice L Kane
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186825
Last Updated: 01/30/2021
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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