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9914 E Sunburst Drive Sun Lakes, AZ 85248

2 Beds 2 Baths 2,204 sqft Built 2000

$424,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
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!

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
 

$381,600$466,400$424,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

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

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$25k

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$118,110

INVESTMENT

$118,110

Down Payment
$106,000
Rehab Estimate
$5,750
Closing Costs
$6,360

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,473

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,000
Loan Amount $318,000
See What Happens When You Reinvest Cash Flow

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
$1,825
1$1,8252$2,0003$2,2004$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 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
Patricia M Duffy
Cactus Mountain Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177910
Last Updated: 01/10/2021
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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