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10301 W Sierra Dawn Drive Sun City, AZ 85351

3 Beds 2 Baths 1,699 sqft Built 1970

$254,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $149.50
  • 3 Days on Market
  • MLS # : 6157239
  • Updated Date : 11/06/2020 at 13:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,699 sqft
  • Baths : 1 full , 1 half
Listing Agent

Tempus West Valley Realty

Listing Agent's Description

SUPER LOCATION FOR THIS BEAUTIFUL 3 BEDROOM/2 BATHROOM HOME IN PHASE II OF SUN CITY. PRIDE OF OWNERSHIP IS APPARENT AS SOON AS YOU WALK IN. THE EAT-IN KITCHEN FEATURES CORIAN COUNTER TOPS AND LOTS OF LIGHTING. THE MASTER BATHROOM BOASTS A CULTURED MARBLE WALK-IN SHOWER. THERE ARE LOTS OF CABINETS FOR STORAGE THROUGHOUT, A CEILING FAN IS IN EVERY ROOM AND A WORK BENCH IN THE GARAGE. THE ROOF IS ONLY 2 YEARS OLD, THE A/C WAS REPLACED IN 2019 AND THE HOT WATER HEATER WAS INSTALLED IN 2016. SIT IN THE LIVING ROOM TO WATCH THE SUNSET OR ENJOY YOUR MORNING DRINK ON THE COVERED PATIO. COME AND ENJOY THIS 55+ COMMUNITY!

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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.
 

$228,600$279,400$254,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$937
Property Tax -$135
Property Insurance -$60
HOA -$41
Property Management Fees -$99
CASH FLOW
$107

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.

$254,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.54%

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$73,060

INVESTMENT

$73,060

Down Payment
$63,500
Rehab Estimate
$5,750
Closing Costs
$3,810

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,500
Loan Amount $190,500
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$29,931

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,482

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,3953$1,4004$1,5495$1,550
$1,550
RENT COMPS ANALYSIS
  • 10301 W Sierra Dawn Drive Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.81
    •  
  • 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
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.82
    •  
  • 14201 N 103rd Avenue Sun City, AZ 3
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1970
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 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
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.91
    •  
  • 14038 N Lakeforest Drive Sun City, AZ 5
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1971
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.89
    •  
PROPERTY LISTING DETAILS
Doris Gochoco
Tempus West Valley Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157239
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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