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26210 S Cedarcrest Drive Sun Lakes, AZ 85248

3 Beds 2 Baths 2,116 sqft Built 1987

$444,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $209.83
  • 6 Days on Market
  • MLS # : 6179991
  • Updated Date : 01/16/2021 at 20:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,116 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Gorgeous Home on Walking Path w/Lake Views. Double Door Entry, 3 Bedroom/ or 1 as Den-Office w Built in Desk/ 2 Bath. Lg Open Great Room w/ Stone Wall Beehive Fireplace , Carpet Floors Vaulted Ceilings. Atrium Area. Formal Dining Room or Den, Large open Remodeled Kitchen & Breakfast Area, Wet Bar, Newer Appliances, Window w/View of Lake, White Cabinets & Quartz Counter Tops, Surround sound to all Rooms. Newer Custom Laminate Floors, Island. Lg Master Bedroom w/ Walk in Closet, Custom Wood Wall behind Bed, Private Bath Area w/2 Sink areas, Walk in Shower, Sitting Area. Door to front area. Lg 2nd Bath & Bdrm, Lg Covered back Patio w/ Extended Deck. Lg Open Back & Side Yards, 2nd Sitting Area. 2 Car Garage w/room for Golf Cart, newer A/C, in Very open and bright. Many Upgrades,

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
 

$399,600$488,400$444,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,542
Property Tax -$303
Property Insurance -$68
HOA -$10
Property Management Fees -$99
CASH FLOW
-$193

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.

$444,000

PROJECTED PRICE

$1,830

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,410

INVESTMENT

$123,410

Down Payment
$111,000
Rehab Estimate
$5,750
Closing Costs
$6,660

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,542

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,000
Loan Amount $333,000
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$11,195

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
  • $1,830

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5753$1,5954$1,8805$2,050
$2,050
RENT COMPS ANALYSIS
  • 26210 S Cedarcrest Drive Sun Lakes, AZ 1
    • 3 beds 2 baths ∙ 2,116 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,116 Sqft ∙ Built 1987
    • 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
    •  
  • 9502 E Rocky Lake Drive Sun Lakes, AZ 4
    • 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 1995
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.80
    •  
  • 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
Sandy Thompson
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179991
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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