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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $195.48
- 2 Days on Market
- MLS # : 6177289
- Updated Date : 01/09/2021 at 20:15
CONSTRUCTION
- Beds : 3
- Floor Size : 2,123 sqft
- Baths : 2 full
Listing Agent
Infinity & Associates Real Estate
Listing Agent's Description
Beautiful 3 bed/ 2 bath home with a south-facing extended patio in the highly desirable community of Oakwood at Sun Lakes. This large north/south lot sides to a greenbelt on the east and has no homes behind it. Neutral tile, carpet and paint throughout. Kitchen with granite counters, ample cabinet space, SS appliances, pull-out shelving and desk area off breakfast nook. Most recent upgrades include new RO System, Trane HVAC, exterior paint & water heater. Master bedroom with sliding door to back patio. Secondary bedroom with window seat and walk-in closet. Large laundry room off garage with additional cabinet and counter space. Garage has entrance to side yard, wet sink, and garage cabinets. Natural Gas heater, water heater, and stub at range for option of gas stove.
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PRICE & RENT TRENDS
Neighborhood: Sun Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,441 |
| Property Tax | -$283 | |
| Property Insurance | -$69 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$63
|
||
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.
$415,000
PROJECTED PRICE
$1,970
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$115,725
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
6.08
YEARS SAVED
$28,512
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,970
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,815
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
9225 E Coopers Hawk Drive Sun Lakes, AZ 4
- 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,970
- $0.93
-
8837 E Fairway Boulevard Sun Lakes, AZ 1
- 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1979
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,495
- $0.78
-
26622 S New Town Drive Sun Lakes, AZ 2
- 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1984
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,595
- $0.87
-
9502 E Rocky Lake Drive Sun Lakes, AZ 3
- 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
-
24427 S Rocky Brook Drive Sun Lakes, AZ 5
- 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2002
LEASED 12/10/19- Rent
- Rent Per SQFT
- $2,050
- $0.97
PROPERTY LISTING DETAILS
Infinity & Associates Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177289
Last Updated: 01/09/2021
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.
