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26422 S Boxwood Drive Sun Lakes, AZ 85248

2 Beds 2 Baths 1,763 sqft Built 1991

$350,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $198.53
  • 3 Days on Market
  • MLS # : 6209704
  • Updated Date : 03/19/2021 at 21:21
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,763 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,216
Property Tax -$239
Property Insurance -$62
HOA -$10
Property Management Fees -$99
CASH FLOW
$194

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.

$350,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.52%

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$37,730

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,644

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6453$1,6754$1,7005$1,820
$1,820
RENT COMPS ANALYSIS
  • 26422 S Boxwood Drive Sun Lakes, AZ 5
    • 2 beds 2 baths ∙ 1,763 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,763 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.03
    •  
  • 26624 S Carrera Court Sun Lakes, AZ 1
    • 2 beds 2 baths ∙ 1,733 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,733 Sqft ∙ Built 1993
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 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 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.03
    •  
  • 25849 S Brentwood Drive Sun Lakes, AZ 4
    • 2 beds 2 baths ∙ 1,855 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,855 Sqft ∙ Built 1983
    LEASED 04/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
PROPERTY LISTING DETAILS
Charlotte Young
Keller Williams Realty Sonoran
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209704
Last Updated: 03/19/2021
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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