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25034 S Drifter Drive Sun Lakes, AZ 85248

2 Beds 2 Baths 1,032 sqft Built 1993

$319,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $309.98
  • 2 Days on Market
  • MLS # : 6194077
  • Updated Date : 02/13/2021 at 17:38
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,032 sqft
  • Baths : 2 full
Listing Agent

Stunning Homes Realty

Listing Agent's Description

Nice curb appeal for this beautifully updated 2 bed, 2 bath home that is located in the Active Adult community of Sun Lakes! Fresh interior paint, vaulted ceilings, wood look tile floors in the main areas. Open concept floor plan. Formal dining. The stunning new eat-in kitchen has white cabinets, quartz countertops, SS appliance, subway tile backsplash, and pantry cabinets. The bedrooms have new plush carpeting & new ceiling fans. Beautifully updated bathrooms. The primary bedroom has a 3/4 bath with a double vanity,tiled step-in shower, and a walk-in closet. The backyard has a nice covered patio and plenty of room to add your personal touches! Many community amenities are available! Close to shopping, dining, medical and major freeways. Come and see this beautiful community today!

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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,111
Property Tax -$218
Property Insurance -$47
HOA -$30
Property Management Fees -$99
CASH FLOW
$114

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.

$319,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$27,918

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
  • $1,228

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,5004$1,6505$1,800
$1,800
RENT COMPS ANALYSIS
  • 25034 S Drifter Drive Sun Lakes, AZ 1
    • 2 beds 2 baths ∙ 1,032 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,032 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 25826 S Hollygreen Drive Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 1,224 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,224 Sqft ∙ Built 1983
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.06
    •  
  • 26013 S Country Club Drive Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 1,345 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,345 Sqft ∙ Built 1981
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.12
    •  
  • 26621 S Saddletree Drive Sun Lakes, AZ 4
    • 2 beds 2 baths ∙ 1,323 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,323 Sqft ∙ Built 1991
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.25
    •  
  • 10629 E Michigan Avenue Sun Lakes, AZ 5
    • 2 beds 2 baths ∙ 1,353 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,353 Sqft ∙ Built 1993
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.33
    •  
PROPERTY LISTING DETAILS
Casey Haaker
Stunning Homes Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194077
Last Updated: 02/13/2021
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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