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9529 E Arrowvale Drive 
Sun Lakes, AZ
85248
2 Beds 2 Baths 1,763 sqft
Built 1995
INVESTimate
$400,000
List Price
$111,750
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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $226.89
- 12 Days on Market
- MLS # : 6118210
- Updated Date : 08/25/2020 at 12:55
CONSTRUCTION
- Beds : 2
- Floor Size : 1,763 sqft
- Baths : 2 full
Listing Agent
Keller Williams Integrity First
Listing Agent's Description
Beautifully updated 2 BR, 2 BA home w/great room and large picture windows overlooking a backyard oasis w/pool. Pergo flooring, carpet and tile w/ neutral colors throughout. Kitchen has beautiful black granite counters with tile accent. A wall adjoining the living/dining and family room has been removed creating an open plan with lots of natural light. HUGE expanded laundry room with full fridge and added storage cabinets. Retire to your master suite with fully remodeled bathroom with tiled walk in shower, granite counters, beautiful pendant lighting and a huge walk in closet. Guests will love their spacious bedroom with walk in closet and fully remodeled bath. Newer AC and soft water is one year old. Garage has attached storage cabinets and the attic has flooring for even more. HURRY!
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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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$362 | |
| Property Insurance | -$62 | |
| HOA | -$181 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$469
|
||
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.
$400,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.82% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,750
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
0.33
YEARS SAVED
$390
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,834
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
9529 E Arrowvale Drive Sun Lakes, 4
- 2 beds 2 baths ∙ 1,763 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,763 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,710
- $0.97
-
23825 S Harmony Way Sun Lakes, 1
- 2 beds 2 baths ∙ 1,575 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,575 Sqft ∙ Built 1999
LEASED 09/15/19- Rent
- Rent Per SQFT
- $1,600
- $1.02
-
24713 S Golfview Drive Sun Lakes, 2
- 2 beds 2 baths ∙ 1,566 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,566 Sqft ∙ Built 2004
LEASED 05/04/20- Rent
- Rent Per SQFT
- $1,600
- $1.02
-
24827 S Lakestar Drive Sun Lakes, 3
- 2 beds 2 baths ∙ 1,676 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,676 Sqft ∙ Built 1998
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,700
- $1.01
-
9841 E Gemini Place Sun Lakes, 5
- 2 beds 2 baths ∙ 1,624 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,624 Sqft ∙ Built 2006
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,800
- $1.11
PROPERTY LISTING DETAILS
Keller Williams Integrity First
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6118210
Last Updated: 08/25/2020
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.
