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10415 W Cameo Drive Sun City, AZ 85351

3 Beds 2 Baths 1,841 sqft Built 1970

$320,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $173.82
  • 3 Days on Market
  • MLS # : 6178502
  • Updated Date : 01/08/2021 at 20:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,841 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Incredible updated home now available! 3-bedroom with 1.75 baths and 2 car garage. OWNED 26 panel Solar System for low energy costs year-round. Eat in kitchen with upgraded cabinets, granite countertops, pantry & stainless-steel appliances with refrigerator included. All bedrooms are generous in size with security bars on all windows, alarm system and ring doorbell at the entry. Inside laundry with front load washer and dryer included. Backyard features block fence for added privacy, extended covered patio, pavers, above ground spa with canopy and a ramada. This home has been well cared for and one of the best values on the market.

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.
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,111
Property Tax -$170
Property Insurance -$63
HOA -$41
Property Management Fees -$99
CASH FLOW
$175

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.

$320,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.52%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$36,199

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,450

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,3503$1,3954$1,3955$1,660
$1,660
RENT COMPS ANALYSIS
  • 10415 W Cameo Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,841 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,841 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.90
    •  
  • 13818 N Whispering Lake Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,541 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,541 Sqft ∙ Built 1971
    property image
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.75
    •  
  • 10339 W Desert Forest Circle Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,683 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,683 Sqft ∙ Built 1971
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
  • 10510 W Bayside Road Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,541 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,541 Sqft ∙ Built 1970
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.91
    •  
  • 15602 N 105th Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 1971 2 beds 2 baths ∙ 2,014 Sqft ∙ Built 1971
    property image
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.69
    •  
PROPERTY LISTING DETAILS
Charles Patrick
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178502
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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