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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $199.42
- 2 Days on Market
- MLS # : 6181956
- Updated Date : 01/16/2021 at 19:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,905 sqft
- Baths : 2 full
Listing Agent
Kj Elite Realty
Listing Agent's Description
FULLY REMODELED 3/2 home with all the upgrades!!! This home has a NEW kitchen with ALL NEW white cabinets, quartz countertops, and stainless steel appliances! NEW tile throughout, NEW carpet and upgraded pad, NEW baseboards, NEW fans and light fixtures, NEW bathroom vanities with white quartz, NEW toilets, and NEW paint throughout! Master bathroom has double closets and a huge bathroom with tons of counter space including double sinks with cabinets galore! Sit by the cozy fireplace when the weather is cool, or in the enclosed AZ room when it warms up! Community offers amenities galore including many heated pools, Country Club Golf Course, tennis courts, bocce ball, pickle ball courts, fitness center, restaurants, walking and biking trails, parks, and fishing lakes!
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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 | $1,890 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$259 | |
| Property Insurance | -$64 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$137
|
||
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.
$379,900
PROJECTED PRICE
$1,890
PROJECTED RENT
0.50%
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
$106,424
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,975 |
| Loan Amount | $284,925 |
7.25
YEARS SAVED
$33,684
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,568
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
26605 S Shumaker Drive Sun Lakes, AZ 4
- 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,890
- $0.99
-
8837 E Fairway Boulevard Sun Lakes, AZ 1
- 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1979
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,495
- $0.78
-
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
PROPERTY LISTING DETAILS
Kj Elite Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181956
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
