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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $182.72
- 4 Days on Market
- MLS # : 6174931
- Updated Date : 01/07/2021 at 20:45
CONSTRUCTION
- Beds : 3
- Floor Size : 1,970 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty Executives
Listing Agent's Description
Enjoy the good life in Sun Lakes! Immaculately maintained corner lot home with so many extras...this one is a rare find! This beauty features a completely enclosed Arizona room (professionally done two years ago), separate hobby room, golf cart entry and GOLF CART GARAGE DOOR that comes right into the garage, garage cabinets/closets for storage, garage workshop area, and additional half bath at the garage. There are shutters on the windows, upper/lower cabinets in the laundry room, cozy gas fireplace in the living room, covered patio for outside living/entertainment, newer hot water heater and water softener, gutters on exterior of the home...and the list goes on. A MUST SEE!
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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 | $1,800 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$246 | |
| Property Insurance | -$66 | |
| HOA | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$26
|
||
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.
$359,950
PROJECTED PRICE
$1,800
PROJECTED RENT
0.50%
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
$101,137
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,988 |
| Loan Amount | $269,963 |
5.42
YEARS SAVED
$20,765
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,694
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
25408 S Papago Place Sun Lakes, AZ 4
- 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $1,800
- $0.91
-
8837 E Fairway Boulevard Sun Lakes, AZ 1
- 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1979
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,495
- $0.78
-
10426 E Regal Drive Sun Lakes, AZ 2
- 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 1985
LEASED 11/13/19- Rent
- Rent Per SQFT
- $1,575
- $0.82
-
26622 S New Town Drive Sun Lakes, AZ 3
- 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1984
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,595
- $0.87
-
24427 S Rocky Brook Drive Sun Lakes, AZ 5
- 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2002
LEASED 12/10/19- Rent
- Rent Per SQFT
- $2,050
- $0.97
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174931
Last Updated: 01/07/2021
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.
