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8742 E Double Eagle Drive 
Carefree, AZ
85377
3 Beds 2 Baths 2,312 sqft
Built 1974
INVESTimate
$850,000
List Price
$231,000
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PROPERTY INFO
FACTS
- Built In 1974
- Price/Sqft : $367.65
- 3 Days on Market
- MLS # : 6122092
- Updated Date : 08/25/2020 at 16:58
CONSTRUCTION
- Beds : 3
- Floor Size : 2,312 sqft
- Baths : 2 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Extensively renovated and updated! Classic Carefree charmer meets Mid Century Modern design in this jewel of the desert, on 1.3 acres, no HOA. A paver drive, lined with mature native vegetation, welcomes you Home. Beyond the beautiful custom glass door is the thoughtfully designed Great Room open floor plan blending indoor/outdoor living, Kitchen and Dining. Cooking is a pleasure in a modern Kitchen with premium appliances, Wolf Induction cooktop and Neff custom cabinets. Enjoy a beautiful Master Retreat with gorgeous metal countertops and large custom tiled shower. Relaxation is effortless by the full sunshine or under the shady patio. Gaze at starry nights by the outdoor firepit. A long list of improvements including Sonos Sound System and designer lighting is available.
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PRICE & RENT TRENDS
Neighborhood: Carefree Fore
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Carefree Fore
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,640 |
| EXPENSES | Loan Payment | -$3,136 |
| Property Tax | -$329 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$996
|
||
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.
$850,000
PROJECTED PRICE
$2,640
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.10% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$231,000
LOAN DETAILS
$3,136
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $212,500 |
| Loan Amount | $637,500 |
0.58
YEARS SAVED
$2,120
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
-
$2,705
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
8742 E Double Eagle Drive Carefree, 1
- 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 1974 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8961 E Venus Drive Carefree, 2
- 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1980
LEASED 06/24/20- Rent
- Rent Per SQFT
- $2,650
- $1.17
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122092
Last Updated: 08/25/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
