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10217 E Navajo Place Sun Lakes, AZ 85248

2 Beds 2 Baths 1,323 sqft Built 1993

$265,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $200.30
  • 2 Days on Market
  • MLS # : 6157837
  • Updated Date : 11/07/2020 at 16:59
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,323 sqft
  • Baths : 2 full
Listing Agent

Cactus Mountain Properties, Llc

Listing Agent's Description

Sweet little Valencia! 2 bedroom 2 bath home with eat in Kitchen. Family Room and area for formal Dining if you want. Vaulted ceilings. 3 year old stove and dishwasher.RO.Tile floors in Kitchen and entry. Extended 2 car Garage. covered Patio. Home has been well taken care of.

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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$978
Property Tax -$240
Property Insurance -$53
HOA -$10
Property Management Fees -$99
CASH FLOW
$231

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.

$265,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$42,340

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $1,515

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,5003$1,5504$1,6105$1,650
$1,650
RENT COMPS ANALYSIS
  • 10217 E Navajo Place Sun Lakes, AZ 4
    • 2 beds 2 baths ∙ 1,323 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,323 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.22
    •  
  • 25826 S Hollygreen Drive Sun Lakes, AZ 1
    • 2 beds 2 baths ∙ 1,224 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,224 Sqft ∙ Built 1983
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.06
    •  
  • 10258 E Spring Creek Road Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1984
    LEASED 05/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.15
    •  
  • 26412 S Lakewood Drive Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 1,389 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,389 Sqft ∙ Built 1991
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.12
    •  
  • 26621 S Saddletree Drive Sun Lakes, AZ 5
    • 2 beds 2 baths ∙ 1,323 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,323 Sqft ∙ Built 1991
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.25
    •  
PROPERTY LISTING DETAILS
Vera M Metcalf
Cactus Mountain Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157837
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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