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10142 E Lambert Drive Sun Lakes, AZ 85248

4 Beds 2 Baths 2,125 sqft Built 1999

$449,900

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $211.72
  • 5 Days on Market
  • MLS # : 6169481
  • Updated Date : 12/11/2020 at 14:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,125 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

WOW! Gorgeous extended-Palmera model plus a private Casita on a beautiful lot in the prestigious guard-gated Sun Lakes community of Oakwood. Popular floorplan offers an enormous Great Room, with split bedroom layout for privacy and upgraded flooring throughout. Loaded with upgrades: A/C new 2016; bay windows; water softener; water heater new 2019; two walls of garage cabinet storage; built-in outdoor gas BBQ; and lots more! Beautifully landscaped rear yard perfect with entertaining. 600+ sq.ft. extended-length tandem garage. Including the Casita, home has 4 bedrooms [one currently shown as open den]. Includes refrigerator [2018], washer [2017], and dryer [2014]. Amazing Sun Lakes amenities with golf, tennis, pickle ball, pools, fitness center, clubs, social activities & restaurants!

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
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,660
Property Tax -$307
Property Insurance -$69
HOA -$30
Property Management Fees -$99
CASH FLOW
-$95

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.

$449,900

PROJECTED PRICE

$2,070

PROJECTED RENT

0.46%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$22,176

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
  • $2,226

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0503$2,0954$2,3955$2,550
$2,550
RENT COMPS ANALYSIS
  • 10142 E Lambert Drive Sun Lakes, AZ 1
    • 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 24427 S Rocky Brook Drive Sun Lakes, AZ 2
    • 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2002
    property image
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.97
    •  
  • 4981 S Vista Place Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.99
    •  
  • 865 W Beechnut Drive Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,317 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,317 Sqft ∙ Built 1997
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.03
    •  
  • 4932 S Marigold Way Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.20
    •  
PROPERTY LISTING DETAILS
Greg Askins
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169481
Last Updated: 12/11/2020
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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