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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $232.97
- 2 Days on Market
- MLS # : 6185044
- Updated Date : 01/23/2021 at 22:16
CONSTRUCTION
- Beds : 2
- Floor Size : 1,116 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
Amazing opportunity to own in the resort style community of Sun Lakes! This lovely 2BR/2Bath home is perfect for full time living or a winter getaway. In 2020, new manufactured waterproof fiber board wood flooring & new carpet was installed, plus all Whirlpool Cafe Series appl in the kitchen that are a $10k upgrade! Enjoy your private gated front entrance, & a 2 car garage w/separate storage room. The Golf Cart in the garage STAYS with the Home! The Open Great Room concept is inviting with ceiling fans thru-out. The sliding doors in the Living area & M-BR lead you to your nicely sized backyard & covered patio to enjoy the AZ weather. You will enjoy the 3 producing fruit trees (lemon, orange and grapefruit) with a timed watering system for the grass area & the trees. This fun &
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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 | $1,890 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$178 | |
| Property Insurance | -$49 | |
| HOA | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$548
|
||
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.
$260,000
PROJECTED PRICE
$1,890
PROJECTED RENT
0.73%
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
$74,650
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
14.5
YEARS SAVED
$62,238
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,264
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
9312 E Olive Lane N Sun Lakes, AZ 1
- 2 beds 2 baths ∙ 1,116 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,116 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $0
- $0.00
-
26232 S Glenburn Drive Sun Lakes, AZ 2
- 2 beds 2 baths ∙ 1,116 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,116 Sqft ∙ Built 1983
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,100
- $0.99
-
25633 S Ontario Drive Sun Lakes, AZ 3
- 2 beds 2 baths ∙ 1,384 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,384 Sqft ∙ Built 1979
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,495
- $1.08
-
26013 S Country Club Drive Sun Lakes, AZ 4
- 2 beds 2 baths ∙ 1,345 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,345 Sqft ∙ Built 1981
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,500
- $1.12
-
9466 E Sun Lakes Boulevard N Sun Lakes, AZ 5
- 2 beds 2 baths ∙ 1,116 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,116 Sqft ∙ Built 1978
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,500
- $1.34
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6185044
Last Updated: 01/23/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
