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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $200.65
- 2 Days on Market
- MLS # : 6160525
- Updated Date : 11/14/2020 at 16:21
CONSTRUCTION
- Beds : 2
- Floor Size : 1,540 sqft
- Baths : 2 full
Listing Agent
Re/max Alliance Group
Listing Agent's Description
Great seasonal vacation home or full-time residence! Great floorplan with family room open to the kitchen . Living room at the front of the home easily converted to an office area. Spacious master bedroom overlooks the backyard. Master walk in closet. Nice sized guest room. Updated guestbath. Laundry conveniently located near the bedrooms and has exit to the garage. New HVAC in 2020 and water heater in 2018. Kitchen has sit up bar , pantry and lots of cabinets. Washer, dryer and refrigerator convey as gifts to the buyer. Great outdoor space with covered patio. No neighbors behind offers lots of privacy. Enjoy the many amenities offered: Golf, tennis, pickleball, swimming pools, on site restaurant, new fitness center and many organized clubs and activities!
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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 | $1,720 |
| EXPENSES | Loan Payment | -$1,140 |
| Property Tax | -$274 | |
| Property Insurance | -$57 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$140
|
||
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.
$309,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.56%
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
$87,635
LOAN DETAILS
$1,140
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,250 |
| Loan Amount | $231,750 |
7.5
YEARS SAVED
$34,540
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$1,798
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
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25625 S Flame Tree Drive Sun Lakes, AZ 2
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10434 E Spring Creek Road Sun Lakes, AZ 1
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LEASED 01/01/20- Rent
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- $1,495
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10526 E Voax Drive Sun Lakes, AZ 3
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LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,750
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-
10629 E Michigan Avenue Sun Lakes, AZ 4
- 2 beds 2 baths ∙ 1,353 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,353 Sqft ∙ Built 1993
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,800
- $1.33
-
10819 E Bellflower Drive Chandler, AZ 5
- 2 beds 2 baths ∙ 1,833 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,833 Sqft ∙ Built 1989
LEASED 08/08/20- Rent
- Rent Per SQFT
- $2,250
- $1.23
PROPERTY LISTING DETAILS
Re/max Alliance Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160525
Last Updated: 11/14/2020
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.
