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37236 N Pima Road Carefree, AZ 85377

3 Beds 4 Baths 2,770 sqft Built 1973

$849,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $306.50
  • 2 Days on Market
  • MLS # : 6190874
  • Updated Date : 02/06/2021 at 16:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,770 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Enjoy the spectacular views from this large ranch style home with charming southwest appeal. Sliding glass doors with auto roller shields in the sunroom overlooking the pool & spa with unobstructed views of Black Mountain & gorgeous sunsets! Set back from the road, this home offers privacy from your neighbors & sits on 1.3 acres. Mother-in-law set up split from master bedroom. Custom saltillo tile from local artist Patrick Trotter. Low taxes for the acreage & no HOA! Many upgrades include Nuvo water softener system 2020, 2 new a/c's 2018 with an annual service agreement with 8 yrs left, septic system in the front replaced 2017, new alarm system 2017, and new pool equipment 2016. You do not want to miss out on this opportunity!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Carefree Fore

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $122k810k

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

Neighborhood: Carefree Fore

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
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,949
Property Tax -$328
Property Insurance -$81
Property Management Fees -$99
CASH FLOW
-$497

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.

$849,000

PROJECTED PRICE

$2,960

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

PROJECTED ANNUAL CASH FLOW

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

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$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$16,449

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $3,282

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,960
1$2,9602$2,9753$3,750
$3,750
RENT COMPS ANALYSIS
  • 37236 N Pima Road Carefree, AZ 1
    • 3 beds 4 baths ∙ 2,770 Sqft ∙ Built 1973 3 beds 4 baths ∙ 2,770 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $1.07
    •  
  • 36801 N Tom Darlington Drive Carefree, AZ 2
    • 3 beds 4 baths ∙ 2,704 Sqft ∙ Built 1981 3 beds 4 baths ∙ 2,704 Sqft ∙ Built 1981
    property image
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $1.10
    •  
  • 1710 E Staghorn Lane Carefree, AZ 3
    • 3 beds 3 baths ∙ 2,962 Sqft ∙ Built 1973 3 beds 3 baths ∙ 2,962 Sqft ∙ Built 1973
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.27
    •  
PROPERTY LISTING DETAILS
Alicia M Aber
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190874
Last Updated: 02/06/2021
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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