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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $188.53
- 2 Days on Market
- MLS # : 6197075
- Updated Date : 02/20/2021 at 17:17
CONSTRUCTION
- Beds : 3
- Floor Size : 3,209 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Integrity First
Listing Agent's Description
Stunning, immaculately maintained Lexia model in the gated active adult community of Oakwood in Sun Lakes. This 3BR, 2.5BA home features the striking signature Lexia curved staircase that greets you when you walk in from the quaint courtyard. Beautiful travertine tile throughout the main living areas, a spectacular kitchen with granite counters, cherry cabinets, high end appliances and a wine fridge for the inevitable cocktail hour! The enormous ground floor master suite features his and hers closets and a classy walk-in shower. Fantastic resort backyard with a large pool and spa with water feature and outdoor BBQ for those entertaining nights! Don't miss this fully updated gem in this great community with amazing amenities including golf, tennis, pickleball, multiple pools and much more.
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PRICE & RENT TRENDS
Neighborhood: Sun Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,160 |
| EXPENSES | Loan Payment | -$2,101 |
| Property Tax | -$413 | |
| Property Insurance | -$90 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$442
|
||
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.
$605,000
PROJECTED PRICE
$3,160
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$166,075
LOAN DETAILS
$2,101
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $151,250 |
| Loan Amount | $453,750 |
9.25
YEARS SAVED
$77,755
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,160
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$3,744
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
24417 S Lakeway Circle Sw Sun Lakes, AZ 1
- 3 beds 3 baths ∙ 3,209 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,209 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $3,160
- $0.98
-
1530 W Grand Canyon Drive Chandler, AZ 2
- 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 3
- 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 4
- 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
Keller Williams Integrity First
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197075
Last Updated: 02/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
