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9005 E Stoney Vista Drive Sun Lakes, AZ 85248

2 Beds 2 Baths 1,841 sqft Built 2005

$385,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $209.13
  • 1 Days on Market
  • MLS # : 6191069
  • Updated Date : 02/07/2021 at 01:13
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,841 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran

Listing Agent's Description

MOST POPULAR PALMERA floor plan in the GATED, ADULT community of Oakwood! You will love the split bedroom layout. The Great Room is open to the EAT-IN KITCHEN w/ PANTRY, ISLAND, GRANITE COUNTERS & LARGE DINING AREA. The Master Bedroom w/ Bay Window has a LARGE BATH w/ Double Vanity, Large Shower & HUGE WALK-IN CLOSET. The 2nd Bedroom w/ Bay window, Den & Guest Bath are SPLIT from the Master. Tons of storage space in the Laundry Room & EXTENDED 2-Car Garage . What a great opportunity to COME ENJOY THE GOOD LIFE IN SUN LAKES w/ this AMAZING HOME & Community amenities like: golf, tennis, pickleball, pools/spas, 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
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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,337
Property Tax -$263
Property Insurance -$63
HOA -$30
Property Management Fees -$99
CASH FLOW
$28

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.

$385,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$23,505

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
  • $1,901

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,7954$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 9005 E Stoney Vista Drive Sun Lakes, AZ 1
    • 2 beds 2 baths ∙ 1,841 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,841 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 24827 S Lakestar Drive Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 1,676 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,676 Sqft ∙ Built 1998
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.01
    •  
  • 9437 E Minnesota Avenue Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 1,719 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,719 Sqft ∙ Built 1987
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
  • 9221 E Cedar Waxwing Drive Sun Lakes, AZ 4
    • 2 beds 2 baths ∙ 2,028 Sqft ∙ Built 1995 2 beds 2 baths ∙ 2,028 Sqft ∙ Built 1995
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 9501 E Indiana Court Sun Lakes, AZ 5
    • 2 beds 2 baths ∙ 1,841 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,841 Sqft ∙ Built 1998
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.09
    •  
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 #: 6191069
Last Updated: 02/07/2021
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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