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7210 E Sundance Trail Carefree, AZ 85377

3 Beds 3 Baths 2,400 sqft Built 1997

$775,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $322.92
  • 3 Days on Market
  • MLS # : 6209328
  • Updated Date : 03/19/2021 at 07:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,400 sqft
  • Baths : 3 full
Listing Agent

Liberty Properties & Associates

Listing Agent's Description

This welcoming home is set back on nearly 1.6-acres of desert landscape - and is located within walking distance to the restaurants, shops and businesses in the core of downtown Carefree. Panoramic mountain views sweep from the southwest at Black Mountain to the northeast at Apache Peak and everything else in-between. Inside you'll appreciate the stained concrete floors throughout the majority of the lower level, which features a downstairs master bedroom, and plenty of windows to capitalize on the views and bring in natural light making the interior light and bright. The north facing patio and the balcony off the upstairs suite provide comfort during the hotter months. The home has been well cared for and the foam roof was re-coated in 2021. Come see it for yourself before it is gone.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Carefree

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k738k

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

Neighborhood: Carefree

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
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$2,692
Property Tax -$300
Property Insurance -$74
Property Management Fees -$99
CASH FLOW
-$794

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.

$775,000

PROJECTED PRICE

$2,370

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,184

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,3503$2,370
$2,370
RENT COMPS ANALYSIS
  • 7210 E Sundance Trail Carefree, AZ 3
    • 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.99
    •  
  • 38065 N Cave Creek Road #1 Cave Creek, AZ 1
    • 3 beds 3 baths ∙ 2,272 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,272 Sqft ∙ Built 1997
    property image
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.90
    •  
  • 7200 E Ridgeview Place #5 Carefree, AZ 2
    • 3 beds 3 baths ∙ 2,563 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,563 Sqft ∙ Built 2006
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.92
    •  
PROPERTY LISTING DETAILS
Andreas W Schmalz
Liberty Properties & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209328
Last Updated: 03/19/2021
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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