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PROPERTY INFO
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
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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 | $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
| 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
$144,875
LOAN DETAILS
$1,824
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
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
-
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
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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
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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
United Brokers Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177425
Last Updated: 01/08/2021
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.
