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24219 S Desert Vale Drive Sun Lakes, AZ 85248

4 Beds 4 Baths 3,497 sqft Built 2005

$599,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $171.29
  • 2 Days on Market
  • MLS # : 6157057
  • Updated Date : 11/07/2020 at 10:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,497 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

WOW! This gorgeous Lexia model w/a detached Casita is move-in ready. This home has curb appeal galore with pavers in the driveway and in the private courtyard. Your guests will feel spoiled when they enter the lovely iron gate and see the guest Casita with updated bathroom and walk-in closet. Enter the main home through double doors into an entry w/a grand sweeping staircase to the second floor. All flooring has been updated with wood planked ceramic tile and Berber carpet on the stairs and the living room. The main floor features a gorgeous kitchen overlooking the family room. All new 42'' white cabinets with granite counter tops and stainless-steel appliances. The large study will make a great home office or hobby room. The first-floor master bedroom boasts a sitting area, his and he

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
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,210
Property Tax -$542
Property Insurance -$90
HOA -$15
Property Management Fees -$99
CASH FLOW
$244

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.

$599,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.53%

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$500k$1.0M$1.5M$2.0M

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$64,723

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
  • $3,450

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,3004$3,7505$3,950
$3,950
RENT COMPS ANALYSIS
  • 24219 S Desert Vale Drive Sun Lakes, AZ 1
    • 4 beds 4 baths ∙ 3,209 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,209 Sqft ∙ Built 2005
    • 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
    •  
  • 1661 W Bartlett Way Chandler, AZ 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
    •  
  • 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
Carey Kolb
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157057
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.

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