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25236 S Drifter Drive Sun Lakes, AZ 85248

3 Beds 3 Baths 2,786 sqft Built 1991

$509,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

December 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $182.70
  • 7 Days on Market
  • MLS # : 6160607
  • Updated Date : 12/14/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,786 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

STUNNING VIEWS in this expanded 2786sf, 3BR, 3BA Barcelona with a casita on the lake in beautiful Palo Verde, Sun Lakes. It's all about location with this incredible property featuring an almost 500sf addition, separate guest house and 2 private courtyards. New carpets and new laminate flooring is being installed, in addition to the interior being painted prior to going live. The expansive back patio with built in barbeque overlooking the lake is perfect for entertaining or just relaxing and enjoying the Arizona sunsets. Enjoy lake views from almost every room in the house. This is your chance to preview an amazing property in the active adult community of Palo Verde with all the amenities that come with it including golf, tennis, handball, pickleball, numerous clubs and much more!

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
 

$458,100$559,900$509,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,878
Property Tax -$348
Property Insurance -$81
HOA -$10
Property Management Fees -$99
CASH FLOW
-$16

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.

$509,000

PROJECTED PRICE

$2,400

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,635

INVESTMENT

$140,635

Down Payment
$127,250
Rehab Estimate
$5,750
Closing Costs
$7,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,250
Loan Amount $381,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$33,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,424

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,235
1$2,2352$2,2503$2,4004$2,4755$2,695
$2,695
RENT COMPS ANALYSIS
  • 25236 S Drifter Drive Sun Lakes, AZ 3
    • 3 beds 3 baths ∙ 2,786 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,786 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 644 E Riviera Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 2,458 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,458 Sqft ∙ Built 2004
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,235
    • $0.91
    •  
  • 124 W Teakwood Place Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2001
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.89
    •  
  • 637 E Indian Wells Place Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,001 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,001 Sqft ∙ Built 2005
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.82
    •  
  • 5161 S Cotton Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 3,128 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,128 Sqft ∙ Built 1997
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.86
    •  
PROPERTY LISTING DETAILS
Carey Kolb
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160607
Last Updated: 12/14/2020
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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