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9608 E Calgary Avenue Sun Lakes, AZ 85248

3 Beds 3 Baths 2,714 sqft Built 1979

$465,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $171.33
  • 2 Days on Market
  • MLS # : 6186936
  • Updated Date : 02/06/2021 at 21:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,714 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Amazing & Updated w/ over $100k in recent updates! 3 bedrooms, 3 baths - plus loft, plus office, plus huge master sitting room, plus huge Arizona Room!!! 3 year NEW Shasta Pool w/in-floor cleaning system & BOTH heater and cooler for those days the water is too warm! Retreat backyard with lots of pavered patio area, an amazing custom waterfall that sounds incredible right next to the huge covered patio. Golf Cart garage is actually oversized and could fit a small car! Lots of built-ins in the double garage and all throughout the home. Amazing Custom, jetted tub in master is only 3 years old, updated granite counters throughout! This home would be great rental since each bedroom has it's own bath. 45+ community is not gated but has all privileges of Sun Lakes golf, pools, tennis & PB!

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
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,615
Property Tax -$318
Property Insurance -$80
HOA -$10
Property Management Fees -$99
CASH FLOW
$368

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.

$465,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.54%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$62,558

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,786

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,7004$2,750
$2,750
RENT COMPS ANALYSIS
  • 9608 E Calgary Avenue Sun Lakes, AZ 1
    • 3 beds 3 baths ∙ 2,714 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,714 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1710 W Bartlett Way Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,795 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,795 Sqft ∙ Built 1999
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.97
    •  
  • 1934 W Lynx Court Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,795 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,795 Sqft ∙ Built 1999
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.97
    •  
  • 5060 S Mcclelland Drive Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,417 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,417 Sqft ∙ Built 1998
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.14
    •  
PROPERTY LISTING DETAILS
Cindy Flowers
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186936
Last Updated: 02/06/2021
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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