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10402 W Cameo Drive Sun City, AZ 85351

3 Beds 2 Baths 2,189 sqft Built 1970

$400,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $182.73
  • 7 Days on Market
  • MLS # : 6186907
  • Updated Date : 02/01/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,189 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

TURN KEY, ONE OF A KIND PREMIUM LOT SITS BETWEEN THE TEE BOX & FAIRWAY OF HOLE #1, W/STUNNING VIEWS OF COURSE FROM AZ ROOM, 3 CAR GARAGE, PRIDE OF OWNERSHIP, VINYL THERMO PAYNE WINDOWS - 2019, NEW HVAC 2020, ROOF 2011, ALL NEW APPLIANCES 2020, This home is stunning and features an amazing AZ sunroom with expansive windows, engineered hardwood floors, open to the great room and kitchen area, kitchen boast of new SS appliances, Corian countertops, updated oak cabinets, formal living/dining room with newer high-end carpet, Large master suite, updated guest bathroom w/granite countertops, AMAZING BACKYARD with extending paver patio, surrounded by a custom stone wall, large laundry/craft room, massive 3 car garage with workbench and tons of storage space.

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

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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,389
Property Tax -$213
Property Insurance -$70
HOA -$41
Property Management Fees -$99
CASH FLOW
-$252

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.

$400,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.39%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,073

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,671

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,5953$1,6004$1,800
$1,800
RENT COMPS ANALYSIS
  • 10402 W Cameo Drive Sun City, AZ 1
    • 3 beds 2 baths ∙ 2,189 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,189 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.71
    •  
  • 10811 W Saratoga Circle Sun City, AZ 2
    • 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1969
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.79
    •  
  • 15637 N 99th Drive Sun City, AZ 3
    • 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 1972
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.75
    •  
  • 10922 W Tropicana Circle Sun City, AZ 4
    • 3 beds 3 baths ∙ 2,387 Sqft ∙ Built 1969 3 beds 3 baths ∙ 2,387 Sqft ∙ Built 1969
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.75
    •  
PROPERTY LISTING DETAILS
June Palmer
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186907
Last Updated: 02/01/2021
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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