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PROPERTY INFO
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.....
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PRICE & RENT TRENDS
Neighborhood: Sun City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City
* 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.
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$67,999
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,725 |
| Loan Amount | $176,175 |
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
-
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
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6153454
Last Updated: 11/02/2020
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.
