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36445 N Stardust Lane Carefree, AZ 85377

3 Beds 2 Baths 2,945 sqft Built 1985

$1,100,000

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $373.51
  • 1 Days on Market
  • MLS # : 6207132
  • Updated Date : 03/14/2021 at 01:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,945 sqft
  • Baths : 2 full
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Rare Carefree find! Complete remodel. Expect the best! A stunning fully remodeled home. From the moment you first open the door, you can see and feel the quality finishes throughout the house. The kitchen has solid wood cabinets with GE Cafe and Bosch appliances. The bathrooms have solid wood cabinets. All countertops are high-end quartz. The living area has 18'' x 36'' tile with the bathrooms and laundry room having 12'' x 24'' tile. The front yard is serene and relaxing with mature vegetation.The back yard and pool area is amazingly private with many tall trees providing shade and always something new to look at. There are mountain views from the rear patios, front yard & most of the windows in the house. Special feature is an expansive bonus room ideal for movies, office, exercise room

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Velvet Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k737k

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

Neighborhood: Velvet Shadows

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
 

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

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,030
EXPENSES Loan Payment -$3,821
Property Tax -$425
Property Insurance -$85
HOA -$0
Property Management Fees -$99
CASH FLOW
-$1,400

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

$3,030

PROJECTED RENT

0.28%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$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 65% 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

0.25

YEARS SAVED

$490

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
  • $3,357

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,1004$3,300
$3,300
RENT COMPS ANALYSIS
  • 36445 N Stardust Lane Carefree, AZ 1
    • 3 beds 2 baths ∙ 2,945 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,945 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9311 E Cavalry Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,616 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,616 Sqft ∙ Built 1999
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.15
    •  
  • 9475 E Sandy Vista Drive Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 2,801 Sqft ∙ Built 1999 3 beds 4 baths ∙ 2,801 Sqft ∙ Built 1999
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.11
    •  
  • 34623 N 99th Way Scottsdale, AZ 4
    • 3 beds 4 baths ∙ 2,840 Sqft ∙ Built 2002 3 beds 4 baths ∙ 2,840 Sqft ∙ Built 2002
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.16
    •  
PROPERTY LISTING DETAILS
Steve Klemow
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207132
Last Updated: 03/14/2021
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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