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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $192.38
- 3 Days on Market
- MLS # : 6177910
- Updated Date : 01/10/2021 at 02:28
CONSTRUCTION
- Beds : 2
- Floor Size : 2,204 sqft
- Baths : 2 full
Listing Agent
Cactus Mountain Properties, Llc
Listing Agent's Description
SPACIOUS, 2 Bedroom, 2 Bath Home with Den in Oakwood Country Club! This lovely home has Soaring Vaulted Ceilings, with Lots of Natural Light. The Open concept kitchen has pantry, island, plenty of cabinet space, and Sunny Dining nook that opens to Additional Living Room space. Great Room has large windows that overlooks the backyard. The Master Bedroom Retreat includes a Huge walk-in closet, and en'suite full bath with dual vanities. Second bedroom has double closet and full bath. Outdoor living Space has Covered Patio with plenty of room for Family and Friends to Enjoy. You will have a 2 Car Garage with storage cabinets and additional area for golf cart. Come and Enjoy the 5 RESORT COMMUNITY of 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 | $2,200 |
| EXPENSES | Loan Payment | -$1,473 |
| Property Tax | -$293 | |
| Property Insurance | -$70 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$235
|
||
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.
$424,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.52%
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
$118,110
LOAN DETAILS
$1,473
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,000 |
| Loan Amount | $318,000 |
8.17
YEARS SAVED
$45,516
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,347
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
9914 E Sunburst Drive Sun Lakes, AZ 3
- 2 beds 2 baths ∙ 2,204 Sqft ∙ Built 2000 2 beds 2 baths ∙ 2,204 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $2,200
- $1.00
-
10710 E Voax Drive Sun Lakes, AZ 1
- 2 beds 2 baths ∙ 1,910 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,910 Sqft ∙ Built 1992
LEASED 06/06/20- Rent
- Rent Per SQFT
- $1,825
- $0.96
-
9221 E Cedar Waxwing Drive Sun Lakes, AZ 2
- 2 beds 2 baths ∙ 2,028 Sqft ∙ Built 1995 2 beds 2 baths ∙ 2,028 Sqft ∙ Built 1995
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
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
LEASED 05/20/20- Rent
- Rent Per SQFT
- $2,500
- $1.18
PROPERTY LISTING DETAILS
Cactus Mountain Properties, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177910
Last Updated: 01/10/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
