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10002 W Desert Rock Drive Sun City, AZ 85351

2 Beds 2 Baths 1,638 sqft Built 1972

$350,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $213.68
  • 5 Days on Market
  • MLS # : 6198502
  • Updated Date : 02/27/2021 at 16:53
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,638 sqft
  • Baths : 2 full
Listing Agent

Award Realty

Listing Agent's Description

This is a gorgeous home with a large formal living room and a fabulous family room with views to the golf course. What a great view of the Riverview course.Wood flooring in the family room, crown molding, plantation shutters, Newer kitchen with the appliances recently replaced and pull out shelving in the cabinets make your life easier. Roof recently replaced, A/C replaced in 2017. This is a great home for a great price.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $80k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8261567

* 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
Valley Vista High School High Unknown NA

Valley Vista High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,216
Property Tax -$186
Property Insurance -$59
HOA -$4
Property Management Fees -$99
CASH FLOW
-$114

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$350,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$12,892

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,532

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4253$1,4504$1,5005$1,595
$1,595
RENT COMPS ANALYSIS
  • 10002 W Desert Rock Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,638 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,638 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 10339 W Desert Forest Circle Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,683 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,683 Sqft ∙ Built 1971
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
  • 10313 W Desert Rock Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,465 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,465 Sqft ∙ Built 1973
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.97
    •  
  • 10305 W Talisman Road Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,541 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,541 Sqft ∙ Built 1971
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.97
    •  
  • 10022 W Brookside Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,597 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,597 Sqft ∙ Built 1972
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
PROPERTY LISTING DETAILS
Nancy Deutsch
Award Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198502
Last Updated: 02/27/2021
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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