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8925 E Stoney Vista Drive Sun Lakes, AZ 85248

3 Beds 3 Baths 2,508 sqft Built 2006

$449,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $179.03
  • 5 Days on Market
  • MLS # : 6183155
  • Updated Date : 01/20/2021 at 04:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,508 sqft
  • Baths : 3 full
Listing Agent

Tierra Bella Realty

Listing Agent's Description

***NOT FOR RENT*** GUEST SUITE *** GATED COMMUNITY *** 3 CAR GARAGE *** OPEN FLOOR PLAN *** EASY MAINTENANCE YARD *** AGE RESTRICTED COMMUNITY *** So many goodies, too many to list! But I'm tellin' ya, you will want to schedule your visit ASAP!!! This spacious home with easy maintenance front and backyards is what you are looking for. The house has 2 bedrooms and 1.75 baths. The master bedroom has a LARGE walk in closet. There is a bonus room that can be used as an office or a den. The formal dining room is open to the family room and the kitchen has it's own breakfast nook. The guest suite provides a 1 bedroom and 1 bath that is perfect for those out of town guests. There really isn't room here to list all of the goodies here. You really should just come by and take a look for yourself!

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
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,560
Property Tax -$315
Property Insurance -$76
HOA -$15
Property Management Fees -$99
CASH FLOW
$135

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.

$449,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$36,896

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
  • $2,376

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8803$2,6504$2,7005$2,700
$2,700
RENT COMPS ANALYSIS
  • 8925 E Stoney Vista Drive Sun Lakes, AZ 1
    • 3 beds 3 baths ∙ 2,508 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,508 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9502 E Rocky Lake Drive Sun Lakes, AZ 2
    • 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 1995
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.80
    •  
  • 1741 W Bartlett Way Chandler, AZ 3
    • 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 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Aaron Saenz
Tierra Bella Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183155
Last Updated: 01/20/2021
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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