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9831 E Stoney Vista Drive Sun Lakes, AZ 85248

2 Beds 2 Baths 1,566 sqft Built 2006

$399,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $254.79
  • 4 Days on Market
  • MLS # : 6195299
  • Updated Date : 02/20/2021 at 17:53
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,566 sqft
  • Baths : 2 full
Listing Agent

Oz Realty

Listing Agent's Description

Don't miss out on your chance at the Sun Lakes lifestyle in this Oakmont model in the highly sought after Oakwood community. As you walk up, you will feel home. Your new home features new paint (interior/exterior), tile throughout the main living areas and bathrooms, new carpet in bedrooms, new lansdscaping (front/back), and a whole home water filtration system. This house boasts wood plantation shutters on all windows and the sliding glass doors. The eat-in kitchen features newer appliances and a high bar counter for extra seating. The extended full length covered patio is great for entertaining in the south facing backyard. Storage is not an issue with newly installed custom cabinets in the garage. Come enjoy the active adult lifestyle in Oakwood at Sun Lakes.

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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,386
Property Tax -$272
Property Insurance -$58
HOA -$15
Property Management Fees -$99
CASH FLOW
-$180

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.

$399,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,731

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,644

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6754$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 9831 E Stoney Vista Drive Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 1,566 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,566 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 24713 S Golfview Drive Sun Lakes, AZ 1
    • 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
    •  
  • 25217 S Saddletree Drive Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 1,626 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,626 Sqft ∙ Built 1987
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.03
    •  
  • 9437 E Minnesota Avenue Sun Lakes, AZ 4
    • 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
    •  
  • 9841 E Gemini Place Sun Lakes, AZ 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
Steven C Zalewski
Oz Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195299
Last Updated: 02/20/2021
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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