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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $219.38
- 4 Days on Market
- MLS # : 6167058
- Updated Date : 12/03/2020 at 12:00
CONSTRUCTION
- Beds : 2
- Floor Size : 1,821 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
Beautiful 2/2 SPLIT floor plan w/separate den which could be a 3rd br on a HUGE corner cul-de-sac lot with privacy and mountain views. Room for guest house, pool, ? Well kept, only 2 owners, with shutters throughout, updated AC, granite, new carpet and paint, all new windows and sliders Oct 2020 with transferable warranty. Extended garage for golf cart parking and tons of storage. Very low maintenance yard with mature trees and fruit trees. Views of iconic South Mtn from front yard. Extended wrap around covered patio
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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 | $1,650 |
| EXPENSES | Loan Payment | -$1,474 |
| Property Tax | -$273 | |
| Property Insurance | -$63 | |
| HOA | -$13 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$272
|
||
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.
$399,500
PROJECTED PRICE
$1,650
PROJECTED RENT
0.41%
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
$111,618
LOAN DETAILS
$1,474
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,875 |
| Loan Amount | $299,625 |
2.25
YEARS SAVED
$7,077
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,666
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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25209 S Flame Tree Drive Sun Lakes, AZ 4
- 2 beds 2 baths ∙ 1,821 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,821 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $1,650
- $0.91
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24809 S Drifter Drive Chandler, AZ 1
- 2 beds 2 baths ∙ 1,833 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,833 Sqft ∙ Built 1989
LEASED 08/15/20- Rent
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- $1,575
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-
24629 S Stoney Path Drive Sun Lakes, AZ 2
- 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
-
24824 S Foxglenn Drive Sun Lakes, AZ 3
- 2 beds 2 baths ∙ 1,763 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,763 Sqft ∙ Built 1993
LEASED 06/30/20- Rent
- Rent Per SQFT
- $1,650
- $0.94
-
10710 E Voax Drive Sun Lakes, AZ 5
- 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
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167058
Last Updated: 12/03/2020
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.
