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10717 E Coopers Hawk Drive Sun Lakes, AZ 85248

2 Beds 2 Baths 1,540 sqft Built 1994

$309,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $200.65
  • 3 Days on Market
  • MLS # : 6184709
  • Updated Date : 01/22/2021 at 22:39
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,540 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

Great opportunity to live in a gated Sun Lakes community for a great price! Popular Solano model with open concept living! Living room easily converted to an office space or dining room! Kitchen features sit up bar, refinished cabinetry , pantry and granite transformation countertops. Family room open to kitchen for entertaining friends. Great sunny south back yard with large covered patio. Nice sized master bedroom with walk in closet. 2 car garage with cabinets. Newer garage door opener. Newer windows throughout offer efficiency! Ready for you to personalize to your own taste. Enjoy the community clubhouse , heated pools, tennis , pickleball and golf.

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
 

$278,100$339,900$309,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,073
Property Tax -$211
Property Insurance -$57
HOA -$30
Property Management Fees -$99
CASH FLOW
$219

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.

$309,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.55%

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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,073

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,250
Loan Amount $231,750
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$37,833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,686

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,6753$1,6904$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 10717 E Coopers Hawk Drive Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 1,540 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,540 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.10
    •  
  • 25826 S Hollygreen Drive Sun Lakes, AZ 1
    • 2 beds 2 baths ∙ 1,224 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,224 Sqft ∙ Built 1983
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.06
    •  
  • 25217 S Saddletree Drive Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 1,626 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,626 Sqft ∙ Built 1987
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.03
    •  
  • 10526 E Voax Drive Sun Lakes, AZ 4
    • 2 beds 2 baths ∙ 1,540 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,540 Sqft ∙ Built 1991
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.14
    •  
  • 10238 E Minnesota Avenue Sun Lakes, AZ 5
    • 2 beds 2 baths ∙ 1,558 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,558 Sqft ∙ Built 1985
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.15
    •  
PROPERTY LISTING DETAILS
Sarah Anderson
Re/max Alliance Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184709
Last Updated: 01/22/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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