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26445 S Dartford Drive Sun Lakes, AZ 85248

2 Beds 2 Baths 1,938 sqft Built 1981

INVESTimate

$297,900

List Price

$1,630

$1,467 - $1,793

Rent Est.

$315,238  ( +5.82%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $153.72
  • 2 Days on Market
  • MLS # : 6122511
  • Updated Date : 08/25/2020 at 20:38
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,938 sqft
  • Baths : 2 full
Listing Agent

Cactus Mountain Properties, Llc

Listing Agent's Description

Award winning adult community of Sun Lakes offering six golf courses, tennis, Pickleball, health club, private bars and restaurants, miles of lakefront walking/biking paths and so much more, truly a resort community. 2/2 single level home with double car garage

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
 

$268,110$327,690$297,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,099
Property Tax -$269
Property Insurance -$65
HOA -$366
Property Management Fees -$99
CASH FLOW
-$268

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.

$297,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.82%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,694

INVESTMENT

$84,694

Down Payment
$74,475
Rehab Estimate
$5,750
Closing Costs
$4,469

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,475
Loan Amount $223,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$900

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,778

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,630
1$1,6302$1,6453$1,6454$1,7505$2,000
$2,000
RENT COMPS ANALYSIS
  • 26445 S Dartford Drive Sun Lakes, 1
    • 2 beds 2 baths ∙ 1,938 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,938 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.84
    •  
  • 26210 S Eastlake Drive Sun Lakes, 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
    •  
  • 25408 S Glenburn Drive Sun Lakes, 3
    • 2 beds 2 baths ∙ 1,922 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,922 Sqft ∙ Built 1981
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.86
    •  
  • 26001 S Sherbrook Drive Sun Lakes, 4
    • 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
    •  
  • 9617 E Eddystone Court Sun Lakes, 5
    • 2 beds 2 baths ∙ 1,922 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,922 Sqft ∙ Built 1986
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
PROPERTY LISTING DETAILS
William R Gosiak
Cactus Mountain Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122511
Last Updated: 08/25/2020
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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