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10021 W Gulf Hills Drive Sun City, AZ 85351

3 Beds 3 Baths 1,825 sqft Built 1972

$349,400

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $191.45
  • 1 Days on Market
  • MLS # : 6160793
  • Updated Date : 11/14/2020 at 18:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,825 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mountain Lake Realty

Listing Agent's Description

Completely remodeled 3 bedroom 2.25 baths. Open floor plan. Gorgeous kitchen with quartz countertops, stainless steel smudge proof appliances. Refrigerator has LED lighting. Range has air-fry feature. Ceramic wood plank tile flooring throughout. Including front entry outside and screened in back patio. Separate back patio has pavers. Carpet in two bedrooms. Master bedroom has en suite with beautiful tiled master shower with two sinks. Second bathroom has brand new tub and new tile. Garage has 2 walls of storage. New dual pane windows. New water heater. Roof two years old. AC four years old. Partially fenced backyard.

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$314,460$384,340$349,400

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,289
Property Tax -$186
Property Insurance -$63
HOA -$4
Property Management Fees -$99
CASH FLOW
-$150

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.

$349,400

PROJECTED PRICE

$1,490

PROJECTED RENT

0.43%

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$98,341

INVESTMENT

$98,341

Down Payment
$87,350
Rehab Estimate
$5,750
Closing Costs
$5,241

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,289

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,350
Loan Amount $262,050
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,441

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
  • $1,597

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4754$1,5495$1,600
$1,600
RENT COMPS ANALYSIS
  • 10021 W Gulf Hills Drive Sun City, AZ 1
    • 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9907 W Kingswood Circle Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1971
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.82
    •  
  • 9929 W Burns Drive Sun City, AZ 3
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1972
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.90
    •  
  • 9910 W Oakstone Drive Sun City, AZ 4
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1971
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.91
    •  
  • 9720 W Briarwood Circle Sun City, AZ 5
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1972
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
PROPERTY LISTING DETAILS
Thomas A Mastromatto
Mountain Lake Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160793
Last Updated: 11/14/2020
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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