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26409 S Beech Creek Drive Sun Lakes, AZ 85248

2 Beds 2 Baths 1,779 sqft Built 1983

$347,700

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $195.45
  • 4 Days on Market
  • MLS # : 6183941
  • Updated Date : 01/21/2021 at 20:42
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,779 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This home is located in Cottonwood at Sun Lakes and is ready for you to infuse your personal touch to make it your own. The great room concept makes entertaining easy and offers space for family and friends to congregate comfortably. The formal dining is joined to the great room. Kitchen has stainless appliances and a lovely corner window overlooking the covered patio. Cozy breakfast room bordering the kitchen to enjoy your morning latte. Master bedroom is spacious and contains a walk-in closet and a roomy master bathroom. Secondary bedroom is perfect for overnight guests with hall bath nearby. 234 sq.ft. of added space makes up a bonus sun room, perfect for nestling in with a good book AND an office/exercise room. New HVAC in 2020. Front courtyard and screened entry.

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
 

$312,930$382,470$347,700

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,208
Property Tax -$237
Property Insurance -$62
HOA -$10
Property Management Fees -$99
CASH FLOW
$154

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.

$347,700

PROJECTED PRICE

$1,770

PROJECTED RENT

0.51%

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

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$97,891

INVESTMENT

$97,891

Down Payment
$86,925
Rehab Estimate
$5,750
Closing Costs
$5,216

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,208

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,925
Loan Amount $260,775
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$33,345

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
  • $1,672

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6453$1,6754$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 26409 S Beech Creek Drive Sun Lakes, AZ 1
    • 2 beds 2 baths ∙ 1,779 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,779 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 26210 S Eastlake Drive Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 1,922 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,922 Sqft ∙ Built 1988
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.86
    •  
  • 25217 S Saddletree Drive Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 1,626 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,626 Sqft ∙ Built 1987
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.03
    •  
  • 9714 E Sherwood Way Sun Lakes, AZ 4
    • 2 beds 2 baths ∙ 1,823 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,823 Sqft ∙ Built 1981
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.96
    •  
  • 26001 S Sherbrook Drive Sun Lakes, AZ 5
    • 2 beds 2 baths ∙ 1,922 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,922 Sqft ∙ Built 1985
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
PROPERTY LISTING DETAILS
Susan Immerzeel
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183941
Last Updated: 01/21/2021
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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