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24021 S Starcrest Drive Sun Lakes, AZ 85248

3 Beds 3 Baths 3,209 sqft Built 2000

$515,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $160.49
  • 2 Days on Market
  • MLS # : 6170657
  • Updated Date : 12/12/2020 at 13:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,209 sqft
  • Baths : 2 full , 1 half
Listing Agent

Delex Realty

Listing Agent's Description

Amazing opportunity to Come Enjoy the Good Life in Sun Lakes with resort style amenities including golf, tennis, pickle ball, pools, fitness center, clubs, social activities, restaurants & so much more! This Alexia3bed/2.5bath gem features great curb appeal, with 3 car garage, leading into the spacious fluid floor plan with soaring vaulted ceilings, plantation shutters and a charming fireplace in living. Kitchen will delight any chef with sleek black appliances, gas cooktop, double wall ovens, a plethora of warm wood cabinetry and a center island with breakfast bar seating. Very nice office/den with built in bookshelves. Master bedroom retreat includes private en suite with dual sinks. includes $18,500 new Acorn lift! Enjoy relaxing in the beautifully landscaped backyard with built in BBQ.

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
 

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

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$1,900
Property Tax -$352
Property Insurance -$90
HOA -$1
Property Management Fees -$99
CASH FLOW
$378

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

$2,820

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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$77,879

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
  • $3,241

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$3,1504$3,7505$3,950
$3,950
RENT COMPS ANALYSIS
  • 24021 S Starcrest Drive Sun Lakes, AZ 1
    • 3 beds 3 baths ∙ 3,209 Sqft ∙ Built 2000 3 beds 3 baths ∙ 3,209 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 946 W Zion Way Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,948 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,948 Sqft ∙ Built 2017
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.88
    •  
  • 4453 S Greythorne Way Chandler, AZ 3
    • 4 beds 3 baths ∙ 3,525 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,525 Sqft ∙ Built 2006
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.89
    •  
  • 1530 W Grand Canyon Drive Chandler, AZ 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Terrah Lund
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170657
Last Updated: 12/12/2020
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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