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24725 S Stoney Lake Drive Sun Lakes, AZ 85248

2 Beds 2 Baths 2,123 sqft Built 1995

$440,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $207.25
  • 4 Days on Market
  • MLS # : 6198879
  • Updated Date : 02/26/2021 at 20:18
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,123 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran

Listing Agent's Description

BEAUTIFUL Palacia Plus model w/ 2 Bedrooms + DEN & AMAZING BACKYARD in the GATED, ADULT COMMUNITY of OAKWOOD! Enter into the OPEN Living & Dining Rooms that lead to the FAMILY ROOM & EAT -IN Kitchen w/ GRANITE counters, STAINLESS Refrigerator, GAS STOVE & Breakfast Bar. The guest bedroom has walk-in closet & is separated by the DEN from the SPACIOUS MASTER that features a large Walk-In Closet, Double Sinks & a Sliding Door to the patio. Plenty of STORAGE SPACE in the Huge Laundry Room & EXTENDED 2-Car Garage. The EXPANSIVE East-Facing Covered Patio is PRIVATE and perfect for relaxing or Entertaining. The backyard is massive & open w/ Mature Trees & Landscaping. PLUS GREAT SUN LAKES AMENITIES like: golf, tennis, pickleball, pools, fitness center, clubs, social activities & restaurants!

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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$396,000$484,000$440,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,528
Property Tax -$300
Property Insurance -$69
HOA -$30
Property Management Fees -$99
CASH FLOW
$24

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.

$440,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.47%

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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$26,257

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,208

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,8253$1,9954$2,0505$2,500
$2,500
RENT COMPS ANALYSIS
  • 24725 S Stoney Lake Drive Sun Lakes, AZ 4
    • 2 beds 2 baths ∙ 2,123 Sqft ∙ Built 1995 2 beds 2 baths ∙ 2,123 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.97
    •  
  • 24629 S Stoney Path Drive Sun Lakes, AZ 1
    • 2 beds 2 baths ∙ 1,782 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,782 Sqft ∙ Built 1995
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.90
    •  
  • 10710 E Voax Drive Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 1,910 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,910 Sqft ∙ Built 1992
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.96
    •  
  • 9776 E Tranquility Way Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 1,781 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,781 Sqft ∙ Built 1997
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.12
    •  
  • 10423 E Nacoma Drive Sun Lakes, AZ 5
    • 2 beds 2 baths ∙ 2,115 Sqft ∙ Built 1993 2 beds 2 baths ∙ 2,115 Sqft ∙ Built 1993
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.18
    •  
PROPERTY LISTING DETAILS
Charlotte Young
Keller Williams Realty Sonoran
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198879
Last Updated: 02/26/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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