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10309 W Bolivar Drive Sun City, AZ 85351

2 Beds 2 Baths 1,710 sqft Built 1970

$335,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $195.91
  • 2 Days on Market
  • MLS # : 6174512
  • Updated Date : 12/26/2020 at 02:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,710 sqft
  • Baths : 2 full
Listing Agent

Re/max Desert Showcase

Listing Agent's Description

An elegant 2 bed, 2 bath property located in one of Sun City's premium adult communities is now on the market! Major upgrades are already done with newer roof, AC unit with NEST thermostat, windows, flooring and stainless steel appliances. A meticulously landscaped, low maintenance front and back yard and a charming brick facade! Inside you will find formal living and dining areas with neutral paint throughout. The charming kitchen, with its ample cabinetry, pantry and breakfast bar has everything you need. The gorgeous master bedroom boasts a private bath along with a spacious closet and an exit to the expansive backyard that's completely fenced in. Enjoy the large covered patio with friends and loved ones. What are you waiting for? Schedule a showing today!

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.
 

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

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,236
Property Tax -$178
Property Insurance -$61
HOA -$41
Property Management Fees -$99
CASH FLOW
$65

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

$1,680

PROJECTED RENT

0.50%

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$0.0$5.0k$10k$15k

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 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$31,654

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,684

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,5004$1,6805$1,775
$1,775
RENT COMPS ANALYSIS
  • 10309 W Bolivar Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,710 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,710 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.98
    •  
  • 10813 W Santa Fe Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,401 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,401 Sqft ∙ Built 1976
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.96
    •  
  • 10510 W Bayside Road Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,541 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,541 Sqft ∙ Built 1970
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.91
    •  
  • 10305 W Talisman Road Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,541 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,541 Sqft ∙ Built 1971
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.97
    •  
  • 13606 N Tan Tara Point Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,609 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,609 Sqft ∙ Built 1970
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.10
    •  
PROPERTY LISTING DETAILS
Cynthia M Williams
Re/max Desert Showcase
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174512
Last Updated: 12/26/2020
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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