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11120 E Flintlock Drive Sun Lakes, AZ 85248

2 Beds 2 Baths 1,540 sqft Built 1994

INVESTimate

$369,900

List Price

$1,790

$1,611 - $1,969

Rent Est.

$391,428  ( +5.82%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1994
  • Price/Sqft : $240.19
  • 9 Days on Market
  • MLS # : 6118979
  • Updated Date : 08/21/2020 at 12:58
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,540 sqft
  • Baths : 2 full
Listing Agent

Cactus Mountain Properties, Llc

Listing Agent's Description

A MUST SEE! Move in ready to this furnished Solano floor plan in sought after Palo Verde. Living Room is spacious with vaulted ceilings. The open floor plan family room, dining room and kitchen is great for entertaining. Kitchen features stainless steel appliances, plenty of cabinets, pantry and breakfast bar. 2 bedrooms, 2 baths. Master bedroom has walk in closet. Master bath tiled shower, double sink. Plantation shutters throughout. Enjoy the covered back patio and private back yard with fruit trees. Great for entertaining. Come and enjoy the amenities in Sun Lakes- golf, pickle ball, tennis, swimming, etc.

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
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,365
Property Tax -$328
Property Insurance -$57
HOA -$148
Property Management Fees -$99
CASH FLOW
-$207

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.

$369,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.82%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,202

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
  • $1,802

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,7754$1,8005$2,250
$2,250
RENT COMPS ANALYSIS
  • 11120 E Flintlock Drive Sun Lakes, 1
    • 2 beds 2 baths ∙ 1,540 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,540 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10434 E Spring Creek Road Sun Lakes, 2
    • 2 beds 2 baths ∙ 1,545 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,545 Sqft ∙ Built 1984
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
  • 26206 S Buttonwood Drive Sun Lakes, 3
    • 2 beds 2 baths ∙ 1,545 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,545 Sqft ∙ Built 1988
    LEASED 04/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.15
    •  
  • 10629 E Michigan Avenue Sun Lakes, 4
    • 2 beds 2 baths ∙ 1,353 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,353 Sqft ∙ Built 1993
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.33
    •  
  • 10819 E Bellflower Drive Chandler, 5
    • 2 beds 2 baths ∙ 1,833 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,833 Sqft ∙ Built 1989
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.23
    •  
PROPERTY LISTING DETAILS
Francine Nolan
Cactus Mountain Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118979
Last Updated: 08/21/2020
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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