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10120 E Diamond Drive Sun Lakes, AZ 85248

4 Beds 4 Baths 3,321 sqft Built 2006

$699,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $210.48
  • 2 Days on Market
  • MLS # : 6157636
  • Updated Date : 11/07/2020 at 12:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,321 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Spectacular golf course and water views in this single level 4 BR, 3.5 BA home including an oversized casita (475 sq ft). Enter the private courtyard with 3 custom iron doors. The oversized iron door leading inside the home is a show stopper. Separate office space and formal dining room. Brand new wood look tile flooring throughout, Enjoy the chef's kitchen with extended island, 42'' cherrywood cabinets, SS appliances, granite counters and tile backsplash. All bathrooms have been updated with cherrywood cabinets, granite counters, mirrors and fixtures. Even the laundry room features granite counters. Retire to the master suite with sitting area, two walk in closets and separate shower and tub. Highly upgraded and move in ready. Patio pillars removed- great views. See all updates in docs ta

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun Lakes

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k377k

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

Neighborhood: Sun Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Jacobson Elementary School Primary Regular 889 41 9
Jacobson Elementary School Middle Regular 889 41 9
Hamilton High School High Regular 3,740 190 8

Jacobson Elementary School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Jacobson Elementary School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$2,579
Property Tax -$635
Property Insurance -$92
HOA -$15
Property Management Fees -$99
CASH FLOW
-$690

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.

$699,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,101

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
  • $3,030

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6953$3,1504$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 10120 E Diamond Drive Sun Lakes, AZ 1
    • 4 beds 4 baths ∙ 3,321 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,321 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5161 S Cotton Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 3,128 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,128 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.86
    •  
  • 4453 S Greythorne Way Chandler, AZ 3
    • 4 beds 3 baths ∙ 3,525 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,525 Sqft ∙ Built 2006
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.89
    •  
  • 1661 W Bartlett Way Chandler, AZ 4
    • 5 beds 4 baths ∙ 3,533 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,533 Sqft ∙ Built 2000
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.93
    •  
  • 940 W Yosemite Drive Chandler, AZ 5
    • 4 beds 5 baths ∙ 3,625 Sqft ∙ Built 2018 4 beds 5 baths ∙ 3,625 Sqft ∙ Built 2018
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Carey Kolb
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157636
Last Updated: 11/07/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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