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8918 E Indiana Avenue Sun Lakes, AZ 85248

2 Beds 2 Baths 1,048 sqft Built 2002

$249,900

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $238.45
  • 5 Days on Market
  • MLS # : 6199933
  • Updated Date : 03/05/2021 at 19:07
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,048 sqft
  • Baths : 1 full , 1 half
Listing Agent

Hague Partners

Listing Agent's Description

72 Hour Home Sale! ACT NOW!! PRICED BELOW MARKET!! Nestled inside the highly sought-after active adult community of Sun Lakes Country Club, this striking beauty has just the right curb appeal. Once inside, you're gonna love your perfectly sized two bedroom/two bath home with its extended great room and 20'' tile throughout. Built in 2002, this home has a fully remodeled kitchen with convenient cupboard shelf pull outs, stainless steel appliances, gorgeous granite counters and a spacious great room with vaulted ceilings. You're sure to agree it has all the right features to make you feel right at home. Please note-Spa on patio does not convey

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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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$868
Property Tax -$171
Property Insurance -$48
HOA -$9
Property Management Fees -$99
CASH FLOW
$125

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.

$249,900

PROJECTED PRICE

$1,320

PROJECTED RENT

0.53%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$25,164

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,038

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,320
$1,320
RENT COMPS ANALYSIS
  • 8918 E Indiana Avenue Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 1,048 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,048 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.26
    •  
  • 26232 S Glenburn Drive Sun Lakes, AZ 1
    • 2 beds 2 baths ∙ 1,116 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,116 Sqft ∙ Built 1983
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jim Brent
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199933
Last Updated: 03/05/2021
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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