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9509 E Fairway Boulevard Sun Lakes, AZ 85248

2 Beds 2 Baths 1,344 sqft Built 1978

$250,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $186.01
  • 3 Days on Market
  • MLS # : 6159477
  • Updated Date : 11/13/2020 at 14:06
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,344 sqft
  • Baths : 1 full , 1 half
Listing Agent

Arizona Golf & Sun Properties

Listing Agent's Description

Beautiful Sun Lakes home with huge backyard, and citrus trees, screened in patio, and so much more. 2 large bedrooms, 2 bath home great room plan with 2 car garage. Enjoy all the Sun Lakes Amenities with 18 hole Golf Course, Tennis and pickle ball courts, Year round swimming, fitness facility and classes, shuffleboard, billiards, art & crafts, and so much more. Come enjoy the good life!

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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$922
Property Tax -$226
Property Insurance -$53
HOA -$111
Property Management Fees -$99
CASH FLOW
-$12

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.

$250,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.56%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,704

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,277

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,2003$1,4004$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 9509 E Fairway Boulevard Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 1,344 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,344 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.04
    •  
  • 9417 E Olive Lane S Sun Lakes, AZ 1
    • 2 beds 2 baths ∙ 1,441 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,441 Sqft ∙ Built 1977
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.76
    •  
  • 9027 E Olive Lane S Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 1,307 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,307 Sqft ∙ Built 1973
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.92
    •  
  • 25633 S Ontario Drive Sun Lakes, AZ 4
    • 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
    •  
  • 9458 E Sun Lakes Boulevard N #n Sun Lakes, AZ 5
    • 2 beds 2 baths ∙ 1,440 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,440 Sqft ∙ Built 1978
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
Sherri L Plotke
Arizona Golf & Sun Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159477
Last Updated: 11/13/2020
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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