Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
* 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 | $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
| 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
$122,350
LOAN DETAILS
$1,528
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $110,000 |
| Loan Amount | $330,000 |
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
-
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
Keller Williams Realty Sonoran
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6198879
Last Updated: 02/26/2021
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.
