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8915 E Venus Drive Carefree, AZ 85377

3 Beds 4 Baths 3,070 sqft Built 1995

$927,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $301.95
  • 3 Days on Market
  • MLS # : 6209556
  • Updated Date : 03/20/2021 at 16:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,070 sqft
  • Baths : 3 full , 1 half
Listing Agent

Success Property Brokers

Listing Agent's Description

Enjoy sweeping views and sunsets from patios of this totally updated home. Open entertaining area with stone fireplace, beautiful kitchen, Thermador appliances, Granite countertops, and media room with bar. Lovely pool area, private entrances to three separate bedroom suites, mature desert on two plus acres.OPEN HOUSE STAURDAY 03/20/202111:00-4:00HIGHEST AND BEST OFFER BY 5:00 PM SUNDAY 03/21/2021 THANK YOU

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Velvet Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k737k

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

Neighborhood: Velvet Shadows

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
 

$834,300$1,019,700$927,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$3,220
Property Tax -$358
Property Insurance -$87
HOA -$0
Property Management Fees -$99
CASH FLOW
-$565

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.

$927,000

PROJECTED PRICE

$3,200

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$251,405

INVESTMENT

$251,405

Down Payment
$231,750
Rehab Estimate
$5,750
Closing Costs
$13,905

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,220

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $231,750
Loan Amount $695,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$16,732

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $3,569

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2003$3,3004$3,3005$3,900
$3,900
RENT COMPS ANALYSIS
  • 8915 E Venus Drive Carefree, AZ 2
    • 3 beds 4 baths ∙ 3,070 Sqft ∙ Built 1995 3 beds 4 baths ∙ 3,070 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.04
    •  
  • 9475 E Sandy Vista Drive Scottsdale, AZ 1
    • 3 beds 4 baths ∙ 2,801 Sqft ∙ Built 1999 3 beds 4 baths ∙ 2,801 Sqft ∙ Built 1999
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.11
    •  
  • 9847 E Preserve Way Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 2,828 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,828 Sqft ∙ Built 2004
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.17
    •  
  • 34623 N 99th Way Scottsdale, AZ 4
    • 3 beds 4 baths ∙ 2,840 Sqft ∙ Built 2002 3 beds 4 baths ∙ 2,840 Sqft ∙ Built 2002
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.16
    •  
  • 8535 E Preserve Way Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 3,229 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,229 Sqft ∙ Built 2004
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.21
    •  
PROPERTY LISTING DETAILS
Christine Castner
Success Property Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209556
Last Updated: 03/20/2021
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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