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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $177.56
- 2 Days on Market
- MLS # : 6197069
- Updated Date : 02/21/2021 at 05:13
CONSTRUCTION
- Beds : 2
- Floor Size : 1,622 sqft
- Baths : 2 full
Listing Agent
Cactus Mountain Properties, Llc
Listing Agent's Description
Hurry to this gorgeous, extra-clean, well-maintained home! You'll see recent roof & Low-E windows, lovely paint, coated concrete walkway and patio, lovely wood cabinetry. Huge patio and well-landscaped yard are perfect for entertaining. Inside has 2 bedrooms with walk-in closets, 2 tiled baths, huge living room/dining room combination, kitchen dining area overlooking the yard, and an efficient work area. Laundry room with extra cabinets and sink leads to the double garage with oodles of cabinetry. Clubhouse, golf course and activities are not far away! Some furnishings will remain.Buyer pays $1500 Capital Improvement Fee
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PRICE & RENT TRENDS
Neighborhood: Sun Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,000 |
| Property Tax | -$197 | |
| Property Insurance | -$59 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$396
|
||
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.
$288,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,070
LOAN DETAILS
$1,000
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,000 |
| Loan Amount | $216,000 |
12.25
YEARS SAVED
$55,172
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,500
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
26430 S Snead Drive Sun Lakes, AZ 5
- 2 beds 2 baths ∙ 1,622 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,622 Sqft ∙ Built 1987
![property image]()
- Rent
- Rent Per SQFT
- $1,760
- $1.09
-
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
![property image]()
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
![property image]()
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
![property image]()
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
![property image]()
LEASED 02/15/21- Rent
- Rent Per SQFT
- $1,550
- $1.05
PROPERTY LISTING DETAILS
Cactus Mountain Properties, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197069
Last Updated: 02/21/2021
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.
