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10440 E Lambert Drive Sun Lakes, AZ 85248

2 Beds 3 Baths 2,143 sqft Built 1988

$449,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $209.52
  • 3 Days on Market
  • MLS # : 6165243
  • Updated Date : 11/27/2020 at 11:02
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,143 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Beautiful remodeled 2 BR 2-1/2 BA home is desert living at its finest. Enter to a stunning great room with fireplace that leads to a bonus room with a wall of windows overlooking the mature landscaped back yard. New wood like tile in the great room. Enjoy the kitchen with quartz counters, tile backsplash, updated cabinets and TWO stainless refrigerator/freezers (one is only 6 months old). Two master suites and the primary has custom California Closets along one wall. You will LOVE the 2020 remodel of the master bath and laundry. Tiled HUGE walk in shower, updated cabinets, fixtures, sinks and mirrors. Newer dual pane windows with NEW bonus room windows. Two car garage with attached storage cabinets. BIG back and side yard with pergola and beautiful landscaping. Come enjoy the lifestyle!

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
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,657
Property Tax -$307
Property Insurance -$69
HOA -$15
Property Management Fees -$99
CASH FLOW
-$126

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.

$449,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.45%

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-$5.0k$0.0$5.0k$10k$15k

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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$19,814

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,138

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,8253$2,0004$2,0205$2,500
$2,500
RENT COMPS ANALYSIS
  • 10440 E Lambert Drive Sun Lakes, AZ 4
    • 2 beds 3 baths ∙ 2,143 Sqft ∙ Built 1988 2 beds 3 baths ∙ 2,143 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $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
    •  
  • 9221 E Cedar Waxwing Drive Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 2,028 Sqft ∙ Built 1995 2 beds 2 baths ∙ 2,028 Sqft ∙ Built 1995
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 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
Carey Kolb
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165243
Last Updated: 11/27/2020
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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