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10202 W Cheryl Drive Sun City, AZ 85351

2 Beds 2 Baths 1,564 sqft Built 1968

$249,102

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $159.27
  • 2 Days on Market
  • MLS # : 6163399
  • Updated Date : 11/21/2020 at 10:49
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,564 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

WELCOME HOME TO THE SUMTER MODEL, THIS HOME HAS GREAT FEATURES SUCH AS THE SANDED AND GROUND POLISHED CEMENT FLOORS, NEW LIGHTING, NEWLY REMODELED MASTER BATH AND SHOWER WITH NEW VANITY,ENTIRE HOME IS FRESHLY PAINTED THROUGHOUT, BRAND NEW SOLAR INSTALLED 11-2020 GUARANTEED AND RATE IS LOCKED AT 98.00 A MONTH IT NEVER GOES UP BUT YOUR POWER BILL GOES DOWN,ALL NEW 200AMP POWER PANEL INSTALLED, ALL NEW CAN LIGHTING, NEW SOLAR TUBE,ALL NEW SEWER LINE FROM HOUSE TO MAIN,NEW HOT WATER HEATER, DESIGNER ROMAN SHADES FOR THE NEW WINDOWS INSTALLED, ALL APLLIANCES CONVEY, THIS HOME SITS ON A NORTH SOUTH FACING WITH NEWLY LANDSCAPED FRONT YARD BACKYARD IS AWAITING YOUR DESIGNER TOUCHES, CALL FOR YOUR PERSONAL VIEWING OF THIS SUMTER MODEL HOME AWAITING A NEW OWNER.

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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.
 

$224,192$274,012$249,102

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$919
Property Tax -$133
Property Insurance -$58
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.

$249,102

PROJECTED PRICE

$1,290

PROJECTED RENT

0.52%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,762

INVESTMENT

$71,762

Down Payment
$62,276
Rehab Estimate
$5,750
Closing Costs
$3,737

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,276
Loan Amount $186,827
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$27,059

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,279

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2253$1,2504$1,2505$1,290
$1,290
RENT COMPS ANALYSIS
  • 10202 W Cheryl Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,564 Sqft ∙ Built 1968 2 beds 2 baths ∙ 1,564 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.82
    •  
  • 10344 W Salem Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,699 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,699 Sqft ∙ Built 1970
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.70
    •  
  • 10237 N 103rd Avenue Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,522 Sqft ∙ Built 1964 2 beds 2 baths ∙ 1,522 Sqft ∙ Built 1964
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.80
    •  
  • 10007 W Lakeview Circle S Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,435 Sqft ∙ Built 1962 2 beds 2 baths ∙ 1,435 Sqft ∙ Built 1962
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.87
    •  
  • 10434 W Lawrence Lane Peoria, AZ 4
    • 2 beds 2 baths ∙ 1,386 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,386 Sqft ∙ Built 1978
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.90
    •  
PROPERTY LISTING DETAILS
Cam T Wallaert
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163399
Last Updated: 11/21/2020
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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