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10237 E Hercules Drive Sun Lakes, AZ 85248

2 Beds 3 Baths 2,151 sqft Built 1994

$430,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $199.91
  • 5 Days on Market
  • MLS # : 6174254
  • Updated Date : 12/23/2020 at 16:58
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,151 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

This Home is Located in the Prestigious Guard-Gated Sun Lakes Community of Oakwood! Your New Home Welcomes You Into the Front Courtyard with Waterfall Feature, 2 Bedroom with *Office/Den* 2.5 Bath* 3 Car Garage* Plus Pool!. Two Living Areas with Vaulted Open Great Room & Smaller Family Room Open to Kitchen Area that Illuminates from the Large Windows & Patio Slider. Split Bedroom/Bath Layout for Privacy. Separate Breakfast Room & Wet Bar. New Interior Paint & Carpet Plus Water Heater new 2020. Pool Equipment New in 2019. Private Backyard Oasis Featuring Pool with Waterfall & Heated Spa Built-in Outdoor Gas BBQ; & Luscious Orange & Grapefruit Trees! 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
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,587
Property Tax -$294
Property Insurance -$69
HOA -$15
Property Management Fees -$99
CASH FLOW
-$13

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.

$430,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.48%

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$0.0$5.0k$10k$15k$20k

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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$28,226

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,199

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,8253$2,0004$2,0505$2,500
$2,500
RENT COMPS ANALYSIS
  • 10237 E Hercules Drive Sun Lakes, AZ 4
    • 2 beds 3 baths ∙ 2,151 Sqft ∙ Built 1994 2 beds 3 baths ∙ 2,151 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.95
    •  
  • 24809 S Drifter Drive Chandler, AZ 1
    • 2 beds 2 baths ∙ 1,833 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,833 Sqft ∙ Built 1989
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.86
    •  
  • 10710 E Voax Drive Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 1,910 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,910 Sqft ∙ Built 1992
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.96
    •  
  • 9501 E Indiana Court Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 1,841 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,841 Sqft ∙ Built 1998
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.09
    •  
  • 10423 E Nacoma Drive Sun Lakes, AZ 5
    • 2 beds 2 baths ∙ 2,115 Sqft ∙ Built 1993 2 beds 2 baths ∙ 2,115 Sqft ∙ Built 1993
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.18
    •  
PROPERTY LISTING DETAILS
Julie Thompson
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174254
Last Updated: 12/23/2020
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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