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10118 W Brookside Drive Sun City, AZ 85351

2 Beds 2 Baths 1,886 sqft Built 1972

$335,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $177.62
  • 7 Days on Market
  • MLS # : 6188268
  • Updated Date : 02/06/2021 at 14:51
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,886 sqft
  • Baths : 2 full
Listing Agent

Award Realty

Listing Agent's Description

This is a great house on the golf course with fabulous views of the course and mountains off to the north. Has a large formal living room, formal dining room and a large family room, Nice neutral wall colors, popcorn ceiling removed and laminate wood flooring through out. The master is spacious with its own bath and dressing area. The guest bedroom is a nicely sized also. The kitchen has corian counter tops and replaced cabinets. The courtyard in front is wonderful for security & a patio to enjoy the outdoors. This is a very popular model.

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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,164
Property Tax -$178
Property Insurance -$64
HOA -$4
Property Management Fees -$99
CASH FLOW
-$78

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.

$335,000

PROJECTED PRICE

$1,430

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-$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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,468

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,429

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3953$1,4004$1,4305$1,550
$1,550
RENT COMPS ANALYSIS
  • 10118 W Brookside Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,886 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,886 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.76
    •  
  • 9930 W Gulf Hills Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,597 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,597 Sqft ∙ Built 1972
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.78
    •  
  • 15602 N 105th Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 1971 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 1971
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.69
    •  
  • 17623 N Foothills Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.70
    •  
  • 10706 W Pinion Lane Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,807 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,807 Sqft ∙ Built 1974
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
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 #: 6188268
Last Updated: 02/06/2021
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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