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9034 E Palmer Drive Sun Lakes, AZ 85248

3 Beds 2 Baths 1,661 sqft Built 1979

$329,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $198.07
  • 4 Days on Market
  • MLS # : 6199268
  • Updated Date : 02/26/2021 at 02:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,661 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Fully remodeled home in Sun Lakes - nothing left to do except enjoy! Open floorplan w/ loads of natural light & all new energy efficient Low E windows! Remodeled kitchen offering stylish quartz counters, new cabinets & SS appliances. The family room is a perfect space for entertaining, or enjoying some quiet time by the fireplace. Beautiful new flooring flows throughout the main areas and compliments the updated light fixtures & paint. Hard to find, 3 true bedrooms which are all split. Both bathrooms have been updated w/ new vanities & quartz counters. The enclosed patio is the perfect spot to enjoy our amazing AZ weather. Home backs to the community common area/pool. Don't miss all that Sun Lakes has to offer - golf, club house, heated pools, fitness, tennis and more!

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
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,143
Property Tax -$225
Property Insurance -$60
HOA -$113
Property Management Fees -$99
CASH FLOW
$41

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.

$329,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$20,306

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
  • $1,368

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5754$1,595
$1,595
RENT COMPS ANALYSIS
  • 9034 E Palmer Drive Sun Lakes, AZ 1
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8837 E Fairway Boulevard Sun Lakes, AZ 2
    • 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1979
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.78
    •  
  • 10426 E Regal Drive Sun Lakes, AZ 3
    • 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 1985
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.82
    •  
  • 26622 S New Town Drive Sun Lakes, AZ 4
    • 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1984
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
PROPERTY LISTING DETAILS
Jason Crittenden
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199268
Last Updated: 02/26/2021
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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