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9301 E Diamond Drive Sun Lakes, AZ 85248

3 Beds 3 Baths 3,166 sqft Built 1996

$525,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $165.82
  • 5 Days on Market
  • MLS # : 6177425
  • Updated Date : 01/08/2021 at 14:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,166 sqft
  • Baths : 2 full , 1 half
Listing Agent

United Brokers Group

Listing Agent's Description

Beautiful and immaculate home is move in ready! This home welcomes you with a bright, fresh and light interior, high open ceilings with skylights and an easy living floor plan. Spacious 3 bed 2.5 baths and bonus office/flex room insures plenty of space for all your needs and hobbies. Naturally, this home is on Diamond Dr. with stunning entry and large open living room and dining area. Kitchen features cook island, plenty of countertop space, walk-in pantry and ample cabinets. Large owners suite offers extra sitting area, two large walk-in closets, oversized soaking tub, and exit to beautifully resurfaced pool and spa in a back yard oasis with multiple entertaining and dining areas with secure gated access to the walking path. For the entertainer, the low-maintenance backyard offers

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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$1,824
Property Tax -$362
Property Insurance -$89
HOA -$15
Property Management Fees -$99
CASH FLOW
$442

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.

$525,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.54%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$73,871

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,830

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $3,467

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8303$3,7504$3,9505$3,995
$3,995
RENT COMPS ANALYSIS
  • 9301 E Diamond Drive Sun Lakes, AZ 2
    • 3 beds 3 baths ∙ 3,166 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,166 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $0.89
    •  
  • 953 W Yellowstone Way Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,948 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,948 Sqft ∙ Built 2016
    property image
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.88
    •  
  • 1530 W Grand Canyon Drive Chandler, AZ 3
    • 4 beds 4 baths ∙ 3,474 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,474 Sqft ∙ Built 2002
    property image
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.08
    •  
  • 1612 W Lynx Way Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,329 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,329 Sqft ∙ Built 1998
    property image
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.19
    •  
  • 949 W Angel Drive Chandler, AZ 5
    • 4 beds 4 baths ∙ 3,236 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,236 Sqft ∙ Built 2016
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.23
    •  
PROPERTY LISTING DETAILS
Mark Gregory
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177425
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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