Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10321 E Navajo Place Sun Lakes, AZ 85248

2 Beds 2 Baths 1,032 sqft Built 1993

$295,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $285.85
  • 2 Days on Market
  • MLS # : 6206707
  • Updated Date : 03/12/2021 at 23:42
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,032 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautifully remodeled and meticulously maintained home in popular Sun Lakes! Welcome home to vaulted ceilings, inviting open floorplan, wood shutters thru-out plus newer dual pane windows & patio door. Kitchen features updated cabinets, newer appliances (refrigerator stays) & granite countertops with lots of natural light. Master bedroom includes vaulted ceilings, walk-in closet, & en suite. Extended laundry (washer and dryer included) has tons of storage & built in office area. Wonderful low maintenance back yard is perfect for entertaining or enjoying the sunsets with large extended paver patio & pergola, misting system & lights. Newer upgraded AC unit, H2O Concepts water filtration system, newer water heater and recently painted inside & out. Garage cabinets, epoxy floor, rain gutters.

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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

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

$265,500$324,500$295,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,025
Property Tax -$201
Property Insurance -$47
HOA -$10
Property Management Fees -$99
CASH FLOW
$187

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.

$295,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.53%

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$34,134

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.52

    LIST RENT PER SQFT
  • $1,140

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,3003$1,5004$1,5705$1,650
$1,650
RENT COMPS ANALYSIS
  • 10321 E Navajo Place Sun Lakes, AZ 4
    • 2 beds 2 baths ∙ 1,032 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,032 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.52
    •  
  • 26232 S Glenburn Drive Sun Lakes, AZ 1
    • 2 beds 2 baths ∙ 1,116 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,116 Sqft ∙ Built 1983
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.99
    •  
  • 25826 S Hollygreen Drive Sun Lakes, AZ 2
    • 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
    •  
  • 26013 S Country Club Drive Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 1,345 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,345 Sqft ∙ Built 1981
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $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 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.25
    •  
PROPERTY LISTING DETAILS
Lora Ruiz
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206707
Last Updated: 03/12/2021
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.

BESbswy