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9314 E Sun Lakes Boulevard N Sun Lakes, AZ 85248

2 Beds 2 Baths 1,649 sqft Built 1978

$379,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $230.38
  • 3 Days on Market
  • MLS # : 6203166
  • Updated Date : 03/05/2021 at 21:43
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,649 sqft
  • Baths : 2 full
Listing Agent

Cactus Mountain Properties, Llc

Listing Agent's Description

This is the One! Located within walking distance of the Clubhouse this home is also located on the golf course with fabulous water views! Spacious rooms and tons of storage throughout! Eat in kitchen plus formal dining room with fireplace. Furnished and ready for move-in! Come enjoy the amenities offered in Sun Lakes Country Club! Golf, Tennis, Swimming, Restaurants, Lounges, Groups, Clubs and Organizations, too many to list here! This is more than a home, it's a lifestyle! Welcome Home!

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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,320
Property Tax -$259
Property Insurance -$59
HOA -$113
Property Management Fees -$99
CASH FLOW
-$150

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.

$379,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.45%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,585

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,703

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7003$1,7954$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 9314 E Sun Lakes Boulevard N Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 1,649 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,649 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.03
    •  
  • 25231 S Papago Place Sun Lakes, AZ 1
    • 2 beds 2 baths ∙ 1,750 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,750 Sqft ∙ Built 1986
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.89
    •  
  • 9437 E Minnesota Avenue Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 1,719 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,719 Sqft ∙ Built 1987
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
  • 9514 E Lawndale Place Sun Lakes, AZ 4
    • 2 beds 2 baths ∙ 1,672 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,672 Sqft ∙ Built 1979
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.11
    •  
  • 9501 E Indiana Court Sun Lakes, AZ 5
    • 2 beds 2 baths ∙ 1,841 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,841 Sqft ∙ Built 1998
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.09
    •  
PROPERTY LISTING DETAILS
Elizabeth K Goetz
Cactus Mountain Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203166
Last Updated: 03/05/2021
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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