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10356 W Talisman Road Sun City, AZ 85351

2 Beds 2 Baths 1,729 sqft Built 1971

$389,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $225.51
  • 7 Days on Market
  • MLS # : 6197550
  • Updated Date : 02/23/2021 at 19:08
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,729 sqft
  • Baths : 1 full , 1 half
Listing Agent

Tempus West Valley Realty

Listing Agent's Description

SOUTHWEST CLASSIC. CENTRALLY LOCATED ON THE 18TH FAIRWAY/GREEN OF LAKES EAST GOLF COURSE. RESIDENCE ABUTTS TO THE WEST/ BEAUTIFUL DESERT/CACTUS GARDEN OF WHICH NO OTHER PROPERTY ENJOYS. VERY PLEASANT 2 BEDROOM, 1 3/4 BATH MODEL 63. HAS BEEN UPDATED AND EXPANDED THROUGHOUT THE YEARS. NEAR FULL LENGTH MEXICAN TILE COVERED PATIO FOR THOSE GREAT SUN CITY EVENINGS. HOME HAS LOTS OF WINDOWS TO CAPTURE THE VIEWS OF THE STUNNING DESERT/CACTUS GARDEN AND GOLF COURSE. COVID-19 RESTRICTIONS: MASKS, BOOTIES & GLOVES PROVIDED.

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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

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
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,354
Property Tax -$207
Property Insurance -$56
HOA -$41
Property Management Fees -$99
CASH FLOW
-$148

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.

$389,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.41%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,354

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,561

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,409

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1503$1,2504$1,4255$1,500
$1,500
RENT COMPS ANALYSIS
  • 10356 W Talisman Road Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,472 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,472 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9901 W Desert Forest Circle Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1971
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.89
    •  
  • 13807 N Tan Tara Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1970
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
  • 10724 W Roundelay Circle Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,411 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,411 Sqft ∙ Built 1970
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.01
    •  
  • 10305 W Talisman Road Sun City, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Stephen Mccormick
Tempus West Valley Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197550
Last Updated: 02/23/2021
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.

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