Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10135 W Riviera Drive Sun City, AZ 85351

2 Beds 2 Baths 1,370 sqft Built 1963

$203,900

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $148.83
  • 3 Days on Market
  • MLS # : 6193644
  • Updated Date : 02/13/2021 at 16:27
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,370 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

1 of 4 Investor's Dream golf course lots in Sun City's 55+. Great street appeal! Energy efficient - double pane windows. Updated bathrooms. Current tenant $1,250/mo.Imagine watching the view of the golf course from the covered & uncovered patio. Lots of sidewalks. Sunscreens on south facing windows. Kitchen, baths, laundry and back hallway updated nicely with neutral ceramic tile, carpeting in excellent condition. Newer hot water heater installed 2016. New garbage Disposal. Enjoy this well-kept home! HURRY - THIS WON'T LAST LONG

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
 

$183,510$224,290$203,900

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$708
Property Tax -$109
Property Insurance -$54
HOA -$41
Property Management Fees -$99
CASH FLOW
$359

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.

$203,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.67%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$59,784

INVESTMENT

$59,784

Down Payment
$50,975
Rehab Estimate
$5,750
Closing Costs
$3,059

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$708

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,975
Loan Amount $152,925
See What Happens When You Reinvest Cash Flow

13.67

YEARS SAVED

$45,469

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,360

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2503$1,2504$1,2505$1,370
$1,370
RENT COMPS ANALYSIS
  • 10135 W Riviera Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,370 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,370 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.00
    •  
  • 10135 W Pebble Beach Drive Sun City, AZ 1
    • 2 beds 1 baths ∙ 1,228 Sqft ∙ Built 1962 2 beds 1 baths ∙ 1,228 Sqft ∙ Built 1962
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.90
    •  
  • 10020 W Coggins Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1978
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.05
    •  
  • 10131 W Palmer Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,288 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,288 Sqft ∙ Built 1963
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.97
    •  
  • 10028 W Oakmont Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1978
    property image
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.05
    •  
PROPERTY LISTING DETAILS
David Blakeslee
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193644
Last Updated: 02/13/2021
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.

BESbswy