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8545 E Double Eagle Drive Carefree, AZ 85377

4 Beds 4 Baths 4,087 sqft Built 1971

$1,295,000

List Price

$4,310

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $316.86
  • 2 Days on Market
  • MLS # : 6197008
  • Updated Date : 02/20/2021 at 15:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,087 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

One-of-a-kind Carefree Contemporary on over an acre.Fantastic Views from every room!Prime location!Timeless architecture!Entirely remodeled & immaculate! Quartz countertops, stainless appliances, porcelain wood style tile, carpeted bedrooms, window treatments, lighting & mechanical upgrades.LR w/vaulted ceilings.Open kitchen/dining/great room. Kitchen w/Viking Gas cooktop/stainless appl. 2 resort style, masonry gas fireplaces. One in MB & one in LR w/stacked stone.Split master w.butted glass window to capture views;spa like tub/shower; custom closet; lg private patio.Other bedrooms are spacious w/private patios.Large Backyard w/Heated pool/spa,grass,firepit, area with pavers ~ BIG VIEWS!Spotless garage w/Shop w/custom builtins.On demand gas.NO HOA.!!STAIRS FROM GARAGE TO INSIDE HOME!!

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
 

$1,165,500$1,424,500$1,295,000

PURCHASE PRICE

$3,879$4,741$4,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,310
EXPENSES Loan Payment -$4,498
Property Tax -$501
Property Insurance -$107
Property Management Fees -$99
CASH FLOW
-$894

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.

$1,295,000

PROJECTED PRICE

$4,310

PROJECTED RENT

0.33%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$348,925

INVESTMENT

$348,925

Down Payment
$323,750
Rehab Estimate
$5,750
Closing Costs
$19,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,498

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $323,750
Loan Amount $971,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$17,723

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
  • $5,041

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7503$5,0004$5,500
$5,500
RENT COMPS ANALYSIS
  • 8545 E Double Eagle Drive Carefree, AZ 1
    • 4 beds 4 baths ∙ 4,087 Sqft ∙ Built 1971 4 beds 4 baths ∙ 4,087 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 36210 E Sidewinder Road Carefree, AZ 2
    • 4 beds 3 baths ∙ 3,905 Sqft ∙ Built 1983 4 beds 3 baths ∙ 3,905 Sqft ∙ Built 1983
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $0.96
    •  
  • 1629 N Quartz Valley Road Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 3,940 Sqft ∙ Built 1985 3 beds 4 baths ∙ 3,940 Sqft ∙ Built 1985
    property image
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.27
    •  
  • 8239 E Paint Pony Drive Carefree, AZ 4
    • 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1984 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1984
    property image
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.47
    •  
PROPERTY LISTING DETAILS
Rebecca M Norton
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197008
Last Updated: 02/20/2021
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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