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10719 E Hercules Drive Sun Lakes, AZ 85248

3 Beds 3 Baths 3,166 sqft Built 1994

$515,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $162.67
  • 6 Days on Market
  • MLS # : 6188680
  • Updated Date : 02/04/2021 at 15:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,166 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Sonoran

Listing Agent's Description

BEAUTIFUL REMODELED Galleria in GATED, Adult Community of Ironwood featuring NEW Wood-look Tile, Designer Lighting, Vaulted Ceilings, SHUTTERS & OWNED SOLAR PANELS. You'll love entertaining in the FAMILY ROOM that is open to a SPECTACULAR KITCHEN w/ Stainless Appliances, GRANITE COUNTERS, WALK-IN PANTRY & large eating area. The downstairs Master Suite has a SITTING AREA, GORGEOUSLY REMODELED BATH w/ WALK-IN SHOWER & TWO WALK-IN CLOSETS! The 2 bedrooms & a bath upstairs make a great guest retreat! EXTRA STORAGE space in the Laundry room & 3-CAR garage. The SOUTH-FACING covered patio overlooks the private backyard w/ NATURAL GRASS & Citrus Trees. All of this PLUS AMAZING SUN LAKES AMENITIES like: golf, tennis, pickleball, pools, fitness center, clubs, social activities & restaurants!

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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$463,500$566,500$515,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,789
Property Tax -$352
Property Insurance -$89
HOA -$30
Property Management Fees -$99
CASH FLOW
-$128

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.

$515,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.43%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$18,608

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
  • $2,501

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,4504$2,4755$2,695
$2,695
RENT COMPS ANALYSIS
  • 10719 E Hercules Drive Sun Lakes, AZ 1
    • 3 beds 3 baths ∙ 3,166 Sqft ∙ Built 1994 3 beds 3 baths ∙ 3,166 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 640 W Cherrywood Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 3,028 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,028 Sqft ∙ Built 1997
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.69
    •  
  • 660 E Indian Wells Place Chandler, AZ 3
    • 4 beds 3 baths ∙ 3,116 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,116 Sqft ∙ Built 2005
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.79
    •  
  • 637 E Indian Wells Place Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,001 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,001 Sqft ∙ Built 2005
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.82
    •  
  • 5161 S Cotton Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 3,128 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,128 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.86
    •  
PROPERTY LISTING DETAILS
Charlotte Young
Keller Williams Realty Sonoran
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188680
Last Updated: 02/04/2021
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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