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24119 S Agate Drive Sun Lakes, AZ 85248

4 Beds 4 Baths 3,489 sqft Built 2000

INVESTimate

$565,000

List Price

$3,080

$2,830 - $3,330

Rent Est.

$597,883  ( +5.82%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $161.94
  • 2 Days on Market
  • MLS # : 6117721
  • Updated Date : 08/25/2020 at 12:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,489 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Don't miss this lovely Lexia LUXURY model, 2-story home, on the LAKES GOLF COURSE with GUEST CASITA! Enter through iron gates to the inviting private courtyard, perfect for morning coffee by the fountain with your guests who are staying in their own guest home. Open the front door to an elegant winding staircase off the formal living room. This bright and airy home features a family room, kitchen with nook and pantry, formal dining room, large den with cherry bookcases, and spacious main floor master bedroom suite. Upstairs are 2 large bedrooms & a jack-n-jill bathroom. Relax/BBQ on your EAST-facing extended covered patio. Enjoy the fountain, view of the golf course, pine trees, rolling fairway, and 5th tee. The community offers a FULL LIFE-STYLE with too MANY AMENITIES TO LIST

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
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$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$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$2,085
Property Tax -$575
Property Insurance -$95
HOA -$181
Property Management Fees -$99
CASH FLOW
$46

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.

$565,000

PROJECTED PRICE

$3,080

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,085

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$37,378

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
  • $3,262

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1503$3,3004$3,5005$3,525
$3,525
RENT COMPS ANALYSIS
  • 24119 S Agate Drive Sun Lakes, 1
    • 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4453 S Greythorne Way Chandler, 2
    • 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
    •  
  • 1661 W Bartlett Way Chandler, 3
    • 5 beds 4 baths ∙ 3,533 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,533 Sqft ∙ Built 2000
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.93
    •  
  • 1777 W Ocotillo Road #26 Chandler, 4
    • 4 beds 5 baths ∙ 3,661 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,661 Sqft ∙ Built 2012
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.96
    •  
  • 4512 S Wildflower Place Chandler, 5
    • 5 beds 3 baths ∙ 3,690 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,690 Sqft ∙ Built 2002
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,525
    • $0.96
    •  
PROPERTY LISTING DETAILS
Kathy Heinemann
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6117721
Last Updated: 08/25/2020
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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