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25230 S Buttonwood Drive Sun Lakes, AZ 85248

3 Beds 2 Baths 2,018 sqft Built 1993

$420,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $208.13
  • 6 Days on Market
  • MLS # : 6170708
  • Updated Date : 12/22/2020 at 08:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,018 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

The SPECTACULAR Sun Lakes Adult Community offering you this GORGEOUS remodeled & POPULAR Hermosa floor-plan featuring 3 Bedrooms, 2 Baths, Open Great Rm. w/eat-in Kitchen & Formal Dining Rm. Dining Rm. can be used as a secondary TV room. Kitchen Upgrades incl; granite counters, large apron farm sink, custom glass door cabinetry, re-designed island & custom designed backsplash. Mstr. Bedrm. upgrades incl; floor to ceiling walk-in tiled shower w/linear drain & custom fixtures, BEAUTIFUL stand alone tub & swan faucet, raised dual vanities w/make-up area & separate access out to your very own PRIVATE, LARGE, LUSH backyard, and extended patio Additional upgrades & features incl; wood plank tile, 2 tone CUSTOM paint throughout, laundry room w/lots of cabinets, covered patio w/slate like tile,

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
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,550
Property Tax -$287
Property Insurance -$67
HOA -$11
Property Management Fees -$99
CASH FLOW
-$23

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.

$420,000

PROJECTED PRICE

$1,990

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

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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$26,728

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
  • $2,003

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,9504$2,2955$2,395
$2,395
RENT COMPS ANALYSIS
  • 25230 S Buttonwood Drive Sun Lakes, AZ 1
    • 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 133 W Mahogany Place Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 2000
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 245 W Teakwood Place Chandler, AZ 3
    • 3 beds 2 baths ∙ 2,134 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,134 Sqft ∙ Built 2000
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 120 W Birchwood Place Chandler, AZ 4
    • 3 beds 2 baths ∙ 2,134 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,134 Sqft ∙ Built 2000
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.08
    •  
  • 865 W Beechnut Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,317 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,317 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.03
    •  
PROPERTY LISTING DETAILS
Sandy Ranger
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170708
Last Updated: 12/22/2020
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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