Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

23609 S Cactus Flower Court Sun Lakes, AZ 85248

3 Beds 3 Baths 3,166 sqft Built 1997

$429,000

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $135.50
  • 2 Days on Market
  • MLS # : 6157027
  • Updated Date : 11/07/2020 at 10:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,166 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Welcome home to this fabulous Galleria model in Oakwood CC. You will enjoy this 3BR 2.5 BA plus a separate den or office home. Featuring open concept living with the large kitchen overlooking the family room. The large downstairs master boasts a sitting room with sliders to your back-yard patio. Another great feature of the master bedroom is his and her large walk-in closets and a sizable master bath. The upstairs guest rooms share a Jack and Jill bathroom with each suite having its own vanity. Enjoy plantation shutters throughout the house. You will absolutely love the private back-yard oasis with sparkling saltwater pool, which is heated. Perfect for this time of year. Other back-yard features are misters, gas grill and pergola over the patio. Come enjoy the active adult lifestyle!

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
 

$386,100$471,900$429,000

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$1,583
Property Tax -$432
Property Insurance -$89
HOA -$15
Property Management Fees -$99
CASH FLOW
$892

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.

$429,000

PROJECTED PRICE

$3,110

PROJECTED RENT

0.72%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

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$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

14.58

YEARS SAVED

$120,102

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
  • $3,641

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,7504$3,9505$3,995
$3,995
RENT COMPS ANALYSIS
  • 23609 S Cactus Flower Court Sun Lakes, AZ 1
    • 3 beds 2 baths ∙ 3,166 Sqft ∙ Built 1997 3 beds 2 baths ∙ 3,166 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1813 W Mead Place Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1999
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.10
    •  
  • 1530 W Grand Canyon Drive Chandler, AZ 3
    • 4 beds 4 baths ∙ 3,474 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,474 Sqft ∙ Built 2002
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.08
    •  
  • 1612 W Lynx Way Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,329 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,329 Sqft ∙ Built 1998
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.19
    •  
  • 949 W Angel Drive Chandler, AZ 5
    • 4 beds 4 baths ∙ 3,236 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,236 Sqft ∙ Built 2016
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.23
    •  
PROPERTY LISTING DETAILS
Carey Kolb
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157027
Last Updated: 11/07/2020
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.

BESbswy