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9856 E Sunburst Drive Sun Lakes, AZ 85248

2 Beds 2 Baths 2,246 sqft Built 2001

$440,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $195.90
  • 7 Days on Market
  • MLS # : 6179481
  • Updated Date : 01/16/2021 at 02:03
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,246 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

A charming residence located in the private guard gated Oakwood Retirement Community. With a master bedroom suite, master bathroom, spare bedroom and bathroom, walk-in closets, and a den, the residence is modestly spacious. Oak cabinetry in the kitchen with bisque appliances and an upgraded built-in microwave. Plantation shudders throughout, neutral paint and carpet colors. Renewed paint and professionally cleaned carpet upgrade a meticulously maintained residence. Reverse osmosis and water filtration system included. A finished 2-car garage with upper and lower cabinetry for storage and a peg board. Enjoy a fully landscaped backyard with access from the master bedroom suite. Or venture out to Iron Oaks Country club 2 minutes away.

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
 

$396,000$484,000$440,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,528
Property Tax -$300
Property Insurance -$71
HOA -$17
Property Management Fees -$99
CASH FLOW
$195

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.

$440,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

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

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$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$42,399

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
  • $2,437

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$2,0004$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 9856 E Sunburst Drive Sun Lakes, AZ 1
    • 2 beds 2 baths ∙ 2,246 Sqft ∙ Built 2001 2 beds 2 baths ∙ 2,246 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9617 E Eddystone Court Sun Lakes, AZ 2
    • 2 beds 2 baths ∙ 1,922 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,922 Sqft ∙ Built 1986
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
  • 9221 E Cedar Waxwing Drive Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 2,028 Sqft ∙ Built 1995 2 beds 2 baths ∙ 2,028 Sqft ∙ Built 1995
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 24111 S Agate Drive Sun Lakes, AZ 4
    • 2 beds 2 baths ∙ 2,123 Sqft ∙ Built 2000 2 beds 2 baths ∙ 2,123 Sqft ∙ Built 2000
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.13
    •  
  • 10423 E Nacoma Drive Sun Lakes, AZ 5
    • 2 beds 2 baths ∙ 2,115 Sqft ∙ Built 1993 2 beds 2 baths ∙ 2,115 Sqft ∙ Built 1993
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.18
    •  
PROPERTY LISTING DETAILS
Breyon Miller
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179481
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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