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10232 N 109th Avenue Sun City, AZ 85351

2 Beds 2 Baths 1,969 sqft Built 1966

$295,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $149.82
  • 3 Days on Market
  • MLS # : 6157422
  • Updated Date : 11/06/2020 at 16:46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,969 sqft
  • Baths : 1 full , 1 half
Listing Agent

Tempus West Valley Realty

Listing Agent's Description

WELCOME TO THIS GOLF COURSE HOME WITH SOME AMAZING VIEWS, THIS EXAPANDED H43 HAS TWO BEDROOMS, 2 BATHS. MASTER BEDROOM HAS BEEN EXPANDED TO HAVE AN ENSUITE AN EXTRA CLOSET. KITCHEN HAS BEEN OPENED UP GREAT FOR ENTERTAINING, LAUNDRY ROOM IS SO BIG YOU CAN USE IT AS HOBBY ROOM/DEN/EXTRA BEDROOM. A/C WAS JUST REPLACED IN MARCH OF 2020.THIS HOME IS GREAT FOR THOSE SOON TO BE HOLIDAY PARTIES.

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.
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,088
Property Tax -$157
Property Insurance -$66
HOA -$41
Property Management Fees -$99
CASH FLOW
-$141

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.

$295,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.44%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$9,954

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,383

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2753$1,3104$1,3505$1,525
$1,525
RENT COMPS ANALYSIS
  • 10232 N 109th Avenue Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,969 Sqft ∙ Built 1966 2 beds 2 baths ∙ 1,969 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.67
    •  
  • 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
    •  
  • 10109 W Ironwood Drive Sun City, AZ 2
    • 2 beds 3 baths ∙ 1,904 Sqft ∙ Built 1968 2 beds 3 baths ∙ 1,904 Sqft ∙ Built 1968
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.67
    •  
  • 12018 N Rio Vista Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,946 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,946 Sqft ∙ Built 1978
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.69
    •  
  • 11662 N Rio Vista Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 2,025 Sqft ∙ Built 1978 2 beds 2 baths ∙ 2,025 Sqft ∙ Built 1978
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.75
    •  
PROPERTY LISTING DETAILS
Audrey Vickers
Tempus West Valley Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157422
Last Updated: 11/06/2020
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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