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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $200.74
- 2 Days on Market
- MLS # : 6203544
- Updated Date : 03/06/2021 at 16:17
CONSTRUCTION
- Beds : 2
- Floor Size : 1,888 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Integrity First
Listing Agent's Description
This beautiful home in a cul-de-sac in the quiet active adult neighborhood of Ironwood in Sun Lakes features 2 master suites, perfect for your winter visitors. The kitchen is bright and open with granite counters, composite sink, and a lovely tile backsplash. The Solano floor plan boasts two family rooms, and both a breakfast nook and a formal dining area. The extended garage has plenty of room for 2 cars and a golf cart, with built in cabinets and epoxied floors. Large laundry room with plenty of room for an office area, an extra half bath, and an east facing fully covered patio, great for morning coffee. You need to grab this one while you have the chance in this great community with golf, tennis, swimming, pickleball and hundreds of clubs and activities.
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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 | $1,730 |
| EXPENSES | Loan Payment | -$1,316 |
| Property Tax | -$259 | |
| Property Insurance | -$64 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$23
|
||
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.
$379,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.46%
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
$106,185
LOAN DETAILS
$1,316
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,750 |
| Loan Amount | $284,250 |
5
YEARS SAVED
$19,195
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,728
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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24809 S Drifter Drive Chandler, AZ 1
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LEASED 08/15/20- Rent
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- $1,575
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LEASED 02/15/20- Rent
- Rent Per SQFT
- $1,595
- $0.90
-
24824 S Foxglenn Drive Sun Lakes, AZ 3
- 2 beds 2 baths ∙ 1,763 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,763 Sqft ∙ Built 1993
LEASED 06/30/20- Rent
- Rent Per SQFT
- $1,650
- $0.94
-
10710 E Voax Drive Sun Lakes, AZ 5
- 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
PROPERTY LISTING DETAILS
Keller Williams Integrity First
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203544
Last Updated: 03/06/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
