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 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
* 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 | $2,400 |
| 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
| 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
$140,635
LOAN DETAILS
$1,878
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $127,250 |
| Loan Amount | $381,750 |
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
-
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
Keller Williams Integrity First
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160607
Last Updated: 12/14/2020
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.
