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6521 E Languid Lane Carefree, AZ 85377

3 Beds 4 Baths 4,464 sqft Built 1989

$1,550,000

List Price

$4,840

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $347.22
  • 2 Days on Market
  • MLS # : 6187623
  • Updated Date : 01/30/2021 at 00:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 4,464 sqft
  • Baths : 3 full , 1 half
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

Tremendous views, of spectacular desert-all around, mountains and city lights - from rooms and spectacular backyard. All Beautifully landscaped. All new Wolf appliances in the kitchen. Updated hardwood floors in every bedroom. Great location in gated community-area of fine custom homes on over an acre lot. Close to shopping ,restaurants, and Boulders Resort.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Black Mountain Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $122k1473k

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

Neighborhood: Black Mountain Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454817

* 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
 

$1,395,000$1,705,000$1,550,000

PURCHASE PRICE

$4,356$5,324$4,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,840
EXPENSES Loan Payment -$5,384
Property Tax -$599
Property Insurance -$114
HOA -$8
Property Management Fees -$99
CASH FLOW
-$1,364

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.

$1,550,000

PROJECTED PRICE

$4,840

PROJECTED RENT

0.31%

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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$416,500

INVESTMENT

$416,500

Down Payment
$387,500
Rehab Estimate
$5,750
Closing Costs
$23,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$5,384

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $387,500
Loan Amount $1,162,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$10,222

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
  • $5,134

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,0003$4,8004$6,500
$6,500
RENT COMPS ANALYSIS
  • 6521 E Languid Lane Carefree, AZ 1
    • 3 beds 4 baths ∙ 4,464 Sqft ∙ Built 1989 3 beds 4 baths ∙ 4,464 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5633 E Perdido Drive Cave Creek, AZ 2
    • 4 beds 3 baths ∙ 4,528 Sqft ∙ Built 2007 4 beds 3 baths ∙ 4,528 Sqft ∙ Built 2007
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.88
    •  
  • 6126 E Little Hopi Drive Cave Creek, AZ 3
    • 4 beds 4 baths ∙ 4,694 Sqft ∙ Built 1993 4 beds 4 baths ∙ 4,694 Sqft ∙ Built 1993
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.02
    •  
  • 35208 N Chino Lane Cave Creek, AZ 4
    • 4 beds 4 baths ∙ 4,192 Sqft ∙ Built 1995 4 beds 4 baths ∙ 4,192 Sqft ∙ Built 1995
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.55
    •  
PROPERTY LISTING DETAILS
Kelly Connolly
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187623
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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