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25647 S Howard Drive Sun Lakes, AZ 85248

2 Beds 3 Baths 2,539 sqft Built 1984

$574,900

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $226.43
  • 3 Days on Market
  • MLS # : 6156520
  • Updated Date : 11/06/2020 at 17:16
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,539 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hub Realty

Listing Agent's Description

Beautiful remodel - On the golf course with views of two lakes!! Not another home like this one in Cottonwood. Complete remodel changed this floorpan to maximize the views with room to entertain. Chef's kitchen (GE Cafe French Door Oven, Bosch Induction Cook Top, Bosch Dishwasher) Two Master Suites and a half bath. Plus a Den and Formal Living Room. Owner's Suite and Living Room have Electric Fireplaces. 12'x8' stacking glass patio door, New Windows, Huge Walk-In Butler's Pantry, Ring Doorbell, Nest Thermostat, New Bathrooms, New Kitchen, Quartz Counters. New Roof, Newer Trane AC, Newer Water Heater. Two and half car garage. Mature Lemon and Navel Citrus Tree. Close to Remodeled Cottonwood Club House and NEW Fitness Center. Stunning Home with Amazing Views!

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
 

$517,410$632,390$574,900

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$2,121
Property Tax -$520
Property Insurance -$77
HOA -$10
Property Management Fees -$99
CASH FLOW
-$497

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.

$574,900

PROJECTED PRICE

$2,330

PROJECTED RENT

0.41%

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-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,099

INVESTMENT

$158,099

Down Payment
$143,725
Rehab Estimate
$5,750
Closing Costs
$8,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,121

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,725
Loan Amount $431,175
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,644

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,437

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,3303$2,500
$2,500
RENT COMPS ANALYSIS
  • 25647 S Howard Drive Sun Lakes, AZ 2
    • 2 beds 3 baths ∙ 2,539 Sqft ∙ Built 1984 2 beds 3 baths ∙ 2,539 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.92
    •  
  • 9426 E Champagne Drive Sun Lakes, AZ 1
    • 2 beds 3 baths ∙ 2,261 Sqft ∙ Built 1995 2 beds 3 baths ∙ 2,261 Sqft ∙ Built 1995
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
  • 11017 E San Tan Boulevard Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 2,241 Sqft ∙ Built 1989 2 beds 2 baths ∙ 2,241 Sqft ∙ Built 1989
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.12
    •  
PROPERTY LISTING DETAILS
Lauri Myers
Hub Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156520
Last Updated: 11/06/2020
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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