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10437 E Twilight Drive Sun Lakes, AZ 85248

3 Beds 2 Baths 1,823 sqft Built 1983

$385,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $211.19
  • 2 Days on Market
  • MLS # : 6163451
  • Updated Date : 11/21/2020 at 01:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,823 sqft
  • Baths : 2 full
Listing Agent

Cactus Mountain Properties, Llc

Listing Agent's Description

HERE IS THE SPACIOUS AND POPULAR ALAMEDA MODEL YOU'VE BEEN WAITING FOR. THE UNIQUELY DESIGNED KITCHEN HAS BEEN EXTENDED SO IS VERY LARGE. KITCHEN HAS PULL OUT SHELVES IN THE CABINETS AND NEWER 3-DAY BLINDS. THERE ARE EXTRA CABINETS AND SHELVED IN THE GARAGE. THE HOME SITS ON THE CURVE OF THE STREET SO THE LOT IS PIE SHAPED WITH AMPLE SPACE. THE COVERED PATIO AND EXPANSIVE BACK YARD PROVIDE A WONDERFUL AREA TO RELAX OR ENTERTAIN. THIS AWESOME 3BR HOME IS DESIGNED WITH ACCESSIBILITY IN MIND. NO STEPS. SMOOTH TRANSITION FROM GARAGE INTO HOME, INTO SHOWER, AND IN AND OUT OF ALL DOORS. WIDE HALLWAY TOO!

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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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,420
Property Tax -$341
Property Insurance -$63
HOA -$10
Property Management Fees -$99
CASH FLOW
-$384

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.

$385,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.40%

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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,870

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,545

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5753$1,5754$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 10437 E Twilight Drive Sun Lakes, AZ 1
    • 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 26028 S Glenburn Drive Sun Lakes, AZ 2
    • 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 1979
    property image
    LEASED 05/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.88
    •  
  • 10426 E Regal Drive Sun Lakes, AZ 3
    • 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 1985
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.82
    •  
  • 26622 S New Town Drive Sun Lakes, AZ 4
    • 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1984
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
  • 10025 E Watford Way Sun Lakes, AZ 5
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1985
    property image
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.82
    •  
PROPERTY LISTING DETAILS
Susan Conner
Cactus Mountain Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163451
Last Updated: 11/21/2020
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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