Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8904 E Copper Drive Sun Lakes, AZ 85248

3 Beds 3 Baths 2,639 sqft Built 2004

$545,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $206.52
  • 3 Days on Market
  • MLS # : 6167933
  • Updated Date : 12/04/2020 at 16:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,639 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Sonoran

Listing Agent's Description

THIS HOME HAS IT ALL! MOST POPULAR Sienna Floor Plan w/ Casita & UPGRADES GALORE in GATED, Adult Community of Oakwood featuring BEAUTIFUL WROUGHT IRON DOORS, PAVER COURTYARD, SHUTTERS, NEW WINDOWS 2019. 2 Bedrooms, 2 Baths & DEN in the main house, w/ SEPARATE GUEST CASITA! The Great Room w/ CUSTOM STACKED STONE entertainment wall & 80'' TV is open to a SPECTACULAR EAT-IN KITCHEN w/ BEAUTIFUL CABINETS, QUARTZ & NEWERSTAINLESS APPLIANCES. You'll love the storage space in the MASSIVE MASTER WALK-IN CLOSET, Laundry Room & 2-CAR PLUS SEPARATE 1-CAR GARAGES. Enjoy the LOW-MAINTENANCE & PRIVATE BACKYARD from the NORTH-FACING EXTENDED PAVER PATIO. AMAZING CHANDLER LOCATION & GREAT SUN LAKES AMENITIES like: golf, tennis, pickleball, pools, fitness center, clubs, social activities & restaurants!

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
 

$490,500$599,500$545,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,011
Property Tax -$372
Property Insurance -$79
HOA -$30
Property Management Fees -$99
CASH FLOW
-$121

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.

$545,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.45%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,175

INVESTMENT

$150,175

Down Payment
$136,250
Rehab Estimate
$5,750
Closing Costs
$8,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,250
Loan Amount $408,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$26,402

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
  • $2,698

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,7004$2,7005$3,200
$3,200
RENT COMPS ANALYSIS
  • 8904 E Copper Drive Sun Lakes, AZ 1
    • 3 beds 3 baths ∙ 2,639 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,639 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1741 W Bartlett Way Chandler, AZ 2
    • 3 beds 2 baths ∙ 2,531 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,531 Sqft ∙ Built 1999
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.05
    •  
  • 1710 W Bartlett Way Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,795 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,795 Sqft ∙ Built 1999
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.97
    •  
  • 1934 W Lynx Court Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,795 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,795 Sqft ∙ Built 1999
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.97
    •  
  • 1813 W Mead Place Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1999
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.10
    •  
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 #: 6167933
Last Updated: 12/04/2020
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.

BESbswy