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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $229.14
- 3 Days on Market
- MLS # : 6176162
- Updated Date : 01/02/2021 at 23:42
CONSTRUCTION
- Beds : 2
- Floor Size : 2,138 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
GORGEOUS REMODEL in the prestigious GATED community of IronOaks. Huge DEN/OFFICE w/MASSIVE double FRENCH BARN DOORS. OPEN CONCEPT floorplan w/tons of NATURAL LIGHT, vaulted ceilings & skylights. Tastefully redesigned kitchen w/ISLAND, S/S appliances, breakfast bar, pantry, new QUARTZ countertops & white SHAKER STYLE cabinets w/ MATT BLACK hardware & stunning backsplash. New LUXURY VINYL PLANK flooring thru/out & upgraded carpet in bdrms., Master has 2 closets + private exit. Stunning new SHOWER SURROUND in master bath w/dual MARBLE topped vanities. New baseboards, plumbing & light fixtures thru/out + some PLANTATION SHUTTERS. EXTENDED PATIO w/ lush vegetation, raised bed planters & artificial TURF front & back for EZ maintenance-2 car + GOLF CART GARAGE & NEWER HVACS This home has it ALL!
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PRICE & RENT TRENDS
Neighborhood: Sun Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,808 |
| Property Tax | -$335 | |
| Property Insurance | -$69 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$340
|
||
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.
$489,900
PROJECTED PRICE
$2,000
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$135,574
LOAN DETAILS
$1,808
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $122,475 |
| Loan Amount | $367,425 |
2.17
YEARS SAVED
$8,112
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,202
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
10425 E Champagne Drive Sun Lakes, AZ 3
- 2 beds 2 baths ∙ 2,138 Sqft ∙ Built 1991 2 beds 2 baths ∙ 2,138 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $2,000
- $0.94
-
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
-
10423 E Nacoma Drive Sun Lakes, AZ 4
- 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
-
11017 E San Tan Boulevard Sun Lakes, AZ 5
- 2 beds 2 baths ∙ 2,241 Sqft ∙ Built 1989 2 beds 2 baths ∙ 2,241 Sqft ∙ Built 1989
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,500
- $1.12
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176162
Last Updated: 01/02/2021
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.
