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26026 S Parkside Drive Sun Lakes, AZ 85248

2 Beds 2 Baths 1,649 sqft Built 1979

$349,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $211.64
  • 3 Days on Market
  • MLS # : 6207349
  • Updated Date : 03/20/2021 at 19:12
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,649 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

VIEW PROPERTY! Rare opportunity to have an affordable home located CLOSE TO COMMUNITY AMENTITIES with GREENBELT and LAKE VIEWS! This home is ripe for modern touches, however, some key updates have already been completed. NEWER KITCHEN COUNTERTOPS, CABINETS & KITCHEN APPLIANCES, NEWER AC, UPDATED WINDOWS, FRESHLY PAINTED EXTERIOR, PLUS THE SELLER WILL REPLACE THE ROOF. You will appreciate the OVERSIZED LAUNDRY ROOM and GARAGE, both with lots of extra storage. Enjoy living in this full active adult life-style community. Play golf on the 18-hole, par 60 golf course, improve your game at the driving range and practice putting green, play 9-hole pitch & putt, tennis, exercise in the fitness room, relax in the swimming pools then visit the restaurant or patio bar for refreshments.

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
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,212
Property Tax -$238
Property Insurance -$59
HOA -$9
Property Management Fees -$99
CASH FLOW
$312

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.

$349,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.55%

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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$50,789

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,525

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4503$1,5504$1,5505$1,930
$1,930
RENT COMPS ANALYSIS
  • 26026 S Parkside Drive Sun Lakes, AZ 5
    • 2 beds 2 baths ∙ 1,649 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,649 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.17
    •  
  • 9050 E Olive Lane Sun Lakes, AZ 1
    • 2 beds 2 baths ∙ 1,617 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,617 Sqft ∙ Built 1976
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.80
    •  
  • 8876 E Fairway Boulevard Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 1,503 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,503 Sqft ∙ Built 1980
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.96
    •  
  • 25231 S Papago Place Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 1,750 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,750 Sqft ∙ Built 1986
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.89
    •  
  • 26440 S Lakeside Drive Sun Lakes, AZ 4
    • 2 beds 2 baths ∙ 1,483 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,483 Sqft ∙ Built 1975
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
PROPERTY LISTING DETAILS
Kathy Heinemann
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207349
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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