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9426 E Sun Lakes Boulevard N Sun Lakes, AZ 85248

2 Beds 3 Baths 1,736 sqft Built 1984

$339,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $195.79
  • 3 Days on Market
  • MLS # : 6178523
  • Updated Date : 01/08/2021 at 21:02
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,736 sqft
  • Baths : 2 full , 1 half
Listing Agent

Built By Referral Rlty Grp 02

Listing Agent's Description

Come see this beautiful custom home located on the GOLF COURSE in the Active Adult community of Sun Lakes. Much loved and well maintained home quality shows from the new exterior paint and the hand crafted front entry way. Lovely kitchen opens to dining/living area and boast a bar for entertaining friends and family. Large Master Bedroom, walk in closet, and sliding glass doors to covered patio. Guest bedroom has extension for office or exercise equipment, and walk in closet. Master Bath provides step in shower, full bath in guest. Inside Laundry room has closet, office desk, storage, and has the 3rd bath room area with shower. Community Center is a short walk or golf cart ride away.

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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,181
Property Tax -$232
Property Insurance -$61
HOA -$113
Property Management Fees -$99
CASH FLOW
$124

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.

$339,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.53%

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$0.0$5.0k$10k$15k

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$28,483

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,823

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,8104$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 9426 E Sun Lakes Boulevard N Sun Lakes, AZ 3
    • 2 beds 3 baths ∙ 1,736 Sqft ∙ Built 1984 2 beds 3 baths ∙ 1,736 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $1.04
    •  
  • 9714 E Sherwood Way Sun Lakes, AZ 1
    • 2 beds 2 baths ∙ 1,823 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,823 Sqft ∙ Built 1981
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.96
    •  
  • 9437 E Minnesota Avenue Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 1,719 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,719 Sqft ∙ Built 1987
    property image
    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
    property image
    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
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.09
    •  
PROPERTY LISTING DETAILS
Shawn M Young
Built By Referral Rlty Grp 02
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178523
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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