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24518 S Berrybrook Drive Sun Lakes, AZ 85248

3 Beds 2 Baths 1,934 sqft Built 2005

$489,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $252.84
  • 3 Days on Market
  • MLS # : 6169636
  • Updated Date : 12/12/2020 at 22:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,934 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

WOW check this PALMERA plan located on the PALMS COURSE #1 fairway near the green with PANORAMIC VIEWS through 2 fairways to SOUTH MOUNTAIN with GORGEOUS SUNSETS. This GREAT 3 BEDROOM home has the EXPANDED BR 2 & 3 & GUEST bath. MASTER BEDROOM & GUEST BEDROOM have BAY WINDOWS for added SPACIOUSNESS. CUSTOM PLANTATION SHUTTERS throughout, DECORATIVE ceiling fans, Expanded COVERED PATIO with retractable awnings, MERILLAT GROUP 7 MAPLE MASTERPIECE CABINETS thorough out, GRANITE kitchen countertops, stainless steel appliances, CLASSY CLOSETS in MBR, wood-tile flooring throughout entire home, CUSTOM SKYLIGHT in kitchen, CUSTOM LANDSCAPING, EXTENDED GAR with BUILT IN STORAGE cab, work benches & EPOXY FLOOR. Golf cart garage was added. Hurry because this beauty won't last. WELCOME HOME!!!

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
 

$440,100$537,900$489,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,804
Property Tax -$334
Property Insurance -$65
HOA -$30
Property Management Fees -$99
CASH FLOW
-$172

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.

$489,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$18,719

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,160

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,321

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1603$2,4504$2,5505$2,695
$2,695
RENT COMPS ANALYSIS
  • 24518 S Berrybrook Drive Sun Lakes, AZ 2
    • 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.12
    •  
  • 4981 S Vista Place Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.99
    •  
  • 1281 W Lynx Way Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1998
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.29
    •  
  • 4932 S Marigold Way Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.20
    •  
  • 1303 W San Carlos Place Chandler, AZ 5
    • 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1998
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.32
    •  
PROPERTY LISTING DETAILS
Juan O. Orta
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169636
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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