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24012 S Stoney Path Drive Sun Lakes, AZ 85248

3 Beds 2 Baths 2,443 sqft Built 2004

$509,500

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $208.56
  • 3 Days on Market
  • MLS # : 6176116
  • Updated Date : 01/01/2021 at 14:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,443 sqft
  • Baths : 2 full
Listing Agent

United Brokers Group

Listing Agent's Description

ENJOY YOUR NEW YEAR IN THIS AMAZING GOLF PROPERTY! 2443 SQ FT HOME ON GOLF LOT WITH 3 BEDRMS/2BATHS/ OFFICE / DINING ROOM AND BONUS /CRAFT ROOM. THIS OPEN FLOOR PLAN IS IDEAL FOR ENTERTAINING WITH HUGE COVERED OUTDOOR PATIO OVERLOOKING THE 5TH FAIRWAY AND GREEN WITH BREATH-TAKING SUNSETS. THE UPDATED TILED KITCHEN BOASTS STAINLESS REFRIGERATOR AND STOVE, QUARTZ CTOPS, SLIDER DRAWERS,BREAKFAST BAR, & EAT-IN AREA, THE TILED GREAT ROOM IS EXPANSIVE WITH LARGE WINDOWS TO ENJOY YOUR PRIVATE GOLF VIEWS AND ENTRY TO THE INVITING COVERED PATIO. THE SPLIT SPACIOUS MASTER HAS DOUBLE SINKS, & LARGE WALK IN SHOWER, TWO MORE BEDROOMS AND BONUS ROOM ARE IDEAL FOR YOUR VISITING GUESTS. AS YOU ENTER THE FRONT DOOR FROM YOUR PRIVATE COURTYARD YOU'LL BE WELCOMED BY OFFICE AND TILED DINING ROOM...mor

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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
 

$458,550$560,450$509,500

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,880
Property Tax -$364
Property Insurance -$75
HOA -$30
Property Management Fees -$99
CASH FLOW
$43

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.

$509,500

PROJECTED PRICE

$2,490

PROJECTED RENT

0.49%

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$0.0$5.0k$10k$15k$20k$25k

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$140,768

INVESTMENT

$140,768

Down Payment
$127,375
Rehab Estimate
$5,750
Closing Costs
$7,643

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,880

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,375
Loan Amount $382,125
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$38,661

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
  • $2,669

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3453$2,3954$2,6005$2,900
$2,900
RENT COMPS ANALYSIS
  • 24012 S Stoney Path Drive Sun Lakes, AZ 1
    • 3 beds 2 baths ∙ 2,443 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,443 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4700 S Fulton Ranch Boulevard #50 Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 2010
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $1.03
    •  
  • 865 W Beechnut Drive Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,317 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,317 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.03
    •  
  • 4700 S Fulton Ranch Boulevard #53 Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 2011
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.14
    •  
  • 4700 S Fulton Ranch Boulevard #32 Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 2006
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.17
    •  
PROPERTY LISTING DETAILS
David Sobeck
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176116
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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