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9226 E Crystal Drive Sun Lakes, AZ 85248

2 Beds 2 Baths 1,540 sqft Built 1996

$358,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $232.47
  • 2 Days on Market
  • MLS # : 6185061
  • Updated Date : 01/23/2021 at 20:46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,540 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran

Listing Agent's Description

GORGEOUSLY REMODELED Solano Model in GATED, Adult Community of Oakwood featuring vaulted ceilings, WOOD-LOOK TILE FLOORING, New Carpet, Upgraded Lighting, SHUTTERS, 2019 HVAC & 2019 Water Heater. Beautiful COURTYARD Entry. 2 LIVING & DINING ROOMS! SPECTACULAR KITCHEN w/ Stainless Appliances, White Cabinets & Pantry. HUGE Master Suite has a large SHOWER, Double Vanity & WALK-IN CLOSET. Spacious Guest Bedroom & FULL GUEST BATH. Extra storage space in Laundry room & in 2-car garage. Entertain or relax on the NORTH-FACING covered patio overlooking the Low-Maintenance, Fenced Backyard. All of this plus Sun Lakes w/ amenities like: golf, tennis, pickle ball, pools, 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
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
 

$322,200$393,800$358,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,243
Property Tax -$244
Property Insurance -$57
HOA -$30
Property Management Fees -$99
CASH FLOW
-$4

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.

$358,000

PROJECTED PRICE

$1,670

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$100,620

INVESTMENT

$100,620

Down Payment
$89,500
Rehab Estimate
$5,750
Closing Costs
$5,370

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,243

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,500
Loan Amount $268,500
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$19,428

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
  • $1,667

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6504$1,7005$1,900
$1,900
RENT COMPS ANALYSIS
  • 9226 E Crystal Drive Sun Lakes, AZ 1
    • 2 beds 2 baths ∙ 1,540 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,540 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 24713 S Golfview Drive Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 1,566 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,566 Sqft ∙ Built 2004
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 23821 S Harmony Way Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 1,508 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,508 Sqft ∙ Built 1999
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.09
    •  
  • 24827 S Lakestar Drive Sun Lakes, AZ 4
    • 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
    •  
  • 23753 S Vacation Way Sun Lakes, AZ 5
    • 2 beds 2 baths ∙ 1,572 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,572 Sqft ∙ Built 1997
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.21
    •  
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 #: 6185061
Last Updated: 01/23/2021
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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