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10618 E Voax Drive Sun Lakes, AZ 85248

2 Beds 3 Baths 2,150 sqft Built 1993

$427,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $198.60
  • 3 Days on Market
  • MLS # : 6167818
  • Updated Date : 12/04/2020 at 16:45
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,150 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

This popular Paloma floor plan has a North patio that is large enough to entertain up to 100 people! There is no glare from the sun and plenty of oranges and grapefruit to pick from the trees. It's just 6 houses away from the neighborhood pool and it seems to be one of the quietest streets in Sun Lakes! Homes on this street are well-maintained. The home is beautiful with formal living and dining areas plus a casual family room and a cozy kitchen nook overlooking the front entry. The bedrooms are very spacious and your guests have a private full bath. There's a lovely 1/2 bath for your day-guests. The kitchen is light and bright. The den is large enough for 2 work stations or a desk and sofa. The garage has storage, a work bench with cabinets, a side door to yard and golf cart spac

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
 

$384,300$469,700$427,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,575
Property Tax -$292
Property Insurance -$69
HOA -$15
Property Management Fees -$99
CASH FLOW
$20

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.

$427,000

PROJECTED PRICE

$2,070

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$118,905

INVESTMENT

$118,905

Down Payment
$106,750
Rehab Estimate
$5,750
Closing Costs
$6,405

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,575

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,750
Loan Amount $320,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$31,116

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,311

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8253$2,0004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 10618 E Voax Drive Sun Lakes, AZ 1
    • 2 beds 3 baths ∙ 2,150 Sqft ∙ Built 1993 2 beds 3 baths ∙ 2,150 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    •  
  • 9617 E Eddystone Court Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 1,922 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,922 Sqft ∙ Built 1986
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
  • 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
Starla Kramer
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167818
Last Updated: 12/04/2020
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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