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PROPERTY INFO
FACTS
- Single Family
- Built In 1969
- Price/Sqft : $164.71
- 5 Days on Market
- MLS # : 6164738
- Updated Date : 11/27/2020 at 18:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,448 sqft
- Baths : 1 full , 1 half
Listing Agent
Frye Realty
Listing Agent's Description
Welcome to your new Sun City home. This home has been updated with dual pane windows, tile and laminate flooring, hickory kitchen cabinetry, upgraded lighting and plumbing fixtures. This home is ready for you. The fenced back yard is easy care with a covered patio for year round enjoyment. Both bathrooms feature newer vanities, and raised toilets and the master has a tile walkin shower. The Gas Pac for heating and AC has been replaced as well as the water heater. The garage is an enclosed carport with plenty of room for two cars. The utility room is large and has work benches and extra storage cabinets. This is a great home.
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PRICE & RENT TRENDS
Neighborhood: Sun City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,220 |
| EXPENSES | Loan Payment | -$880 |
| Property Tax | -$127 | |
| Property Insurance | -$55 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$55
|
||
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.
$238,500
PROJECTED PRICE
$1,220
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$68,953
LOAN DETAILS
$880
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,625 |
| Loan Amount | $178,875 |
7.08
YEARS SAVED
$23,683
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,220
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,368
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
10009 N Balboa Drive Sun City, AZ 1
- 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1969
- Rent
- Rent Per SQFT
- $1,220
- $0.84
-
10037 N 107th Avenue Sun City, AZ 2
- 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1964
LEASED 09/21/20- Rent
- Rent Per SQFT
- $1,350
- $0.93
-
9343 W Mission Lane Peoria, AZ 3
- 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1985
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,365
- $1.06
-
9930 W Crosby Circle S Sun City, AZ 4
- 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1962
LEASED 06/30/20- Rent
- Rent Per SQFT
- $1,395
- $0.93
-
10050 W Clair Drive Sun City, AZ 5
- 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1965
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,395
- $0.86
PROPERTY LISTING DETAILS
Frye Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164738
Last Updated: 11/27/2020
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.
