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10423 W Cumberland Drive Sun City, AZ 85351

2 Beds 2 Baths 1,196 sqft Built 1966

$234,900

List Price

$1,060

$954 - $1.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $196.40
  • 2 Days on Market
  • MLS # : 6153454
  • Updated Date : 11/02/2020 at 13:55
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,196 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

A masterful 2BR/2BA beauty in the 55+ Sun City Community w/ a 5.31Kw Solar System that virtually eliminates your year round electricity bills/ in fact most months your getting power credits. Get ready to walk into a turnkey home ready for you to add your personal touches and start relaxing. Recent partial renovations in the bathrooms as well as new flooring. Granite countertops throughout and custom touches (barn doors, backsplash, etc..) The carport has also been converted to an actual enclosed garage complete with automatic opener to keep your vehicles clean and safe. Low maintenance front and rear yard landscaping with automatic watering timers. The covered patio, synthetic turf, and fire pit area are ready for your to entertain or just to watch the sunsets. This will go quick.....

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.
 

$211,410$258,390$234,900

PURCHASE PRICE

$954$1,166$1,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,060
EXPENSES Loan Payment -$867
Property Tax -$125
Property Insurance -$51
HOA -$41
Property Management Fees -$99
CASH FLOW
-$122

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.

$234,900

PROJECTED PRICE

$1,060

PROJECTED RENT

0.45%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,377

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,060

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,136

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,0603$1,1004$1,2005$1,200
$1,200
RENT COMPS ANALYSIS
  • 10423 W Cumberland Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,196 Sqft ∙ Built 1966 2 beds 2 baths ∙ 1,196 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,060
    • $0.89
    •  
  • 10013 N 97th Avenue #a Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,072 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,072 Sqft ∙ Built 1978
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.93
    •  
  • 11201 N 105th Avenue Sun City, AZ 3
    • 2 beds 1 baths ∙ 1,127 Sqft ∙ Built 1961 2 beds 1 baths ∙ 1,127 Sqft ∙ Built 1961
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.98
    •  
  • 10531 W Connecticut Avenue Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,199 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,199 Sqft ∙ Built 1961
    property image
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.00
    •  
  • 10426 W Camden Avenue Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,345 Sqft ∙ Built 1964 2 beds 2 baths ∙ 1,345 Sqft ∙ Built 1964
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.89
    •  
PROPERTY LISTING DETAILS
Gabriel Charles Phillips
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153454
Last Updated: 11/02/2020
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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