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25664 S Howard Drive Sun Lakes, AZ 85248

3 Beds 2 Baths 1,823 sqft Built 1984

$420,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $230.39
  • 2 Days on Market
  • MLS # : 6209957
  • Updated Date : 03/20/2021 at 16:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,823 sqft
  • Baths : 2 full
Listing Agent

Built By Referral Rlty Grp 02

Listing Agent's Description

Beautiful Alameda model now available in Cotton Wood located within the Active Community of Sun Lakes. Come see this well loved, large 3 Bedrooms & 2 Step in Upgraded Baths. Home offers newer dual pane windows, newer carpet, new laminate waterproof flooring in the right places, new baseboards, new ceiling fans, new window coverings throughout, and so much more. Kitchen boasts stainless steel appliances, eat in dining, additional extended kitchen cabinets, new stainless steel pendant lighting, and natural light from window and sliding glass doors. Exterior offers full covered patio great for entertaining. Relax your body, your eyes, and temperature in the private pool. Great area when enjoying AZ weather, family, and friends. Superb curb appeal as well. Photos to be added soon.

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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,459
Property Tax -$287
Property Insurance -$63
HOA -$10
Property Management Fees -$99
CASH FLOW
-$258

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.

$420,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,504

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,663

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5753$1,5954$2,0505$2,095
$2,095
RENT COMPS ANALYSIS
  • 25664 S Howard Drive Sun Lakes, AZ 1
    • 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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 4
    • 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
    •  
  • 4981 S Vista Place Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.99
    •  
PROPERTY LISTING DETAILS
Shawn M Young
Built By Referral Rlty Grp 02
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209957
Last Updated: 03/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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