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PROPERTY INFO
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.
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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
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,485
LOAN DETAILS
$1,386
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
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
-
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
Oz Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195299
Last Updated: 02/20/2021
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.
