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10527 W Meade Drive Sun City, AZ 85351

2 Beds 2 Baths 1,419 sqft Built 1971

$235,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $165.61
  • 5 Days on Market
  • MLS # : 6180123
  • Updated Date : 01/14/2021 at 01:40
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,419 sqft
  • Baths : 2 full
Listing Agent

Cerreta Real Estate

Listing Agent's Description

STUNNING IN SUN CITY! This fabulous home has great curb appeal and a beautiful porch entry. A foyer with Saltillo tile opens to a spacious carpeted living room. Beyond, there is a tiled dining room and next to that, a family room that includes back yard views and a door to the covered patio. Enter through cute cafe doors to the kitchen, which includes: a built-in cook-top, a built-in oven, refrigerator, and dishwasher. A wide hallway boasts a built-in linen closet and leads to the guest bedroom and bath and the master suite. The back of the home has a gorgeous covered patio, a huge, easy care yard, and an RV Gate. Inside laundry room and a garage space to park a golf cart. Make this home an easy choice for your next home. Located in an age restricted community.

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.
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$816
Property Tax -$125
Property Insurance -$55
HOA -$41
Property Management Fees -$99
CASH FLOW
$254

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.

$235,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

11.17

YEARS SAVED

$39,493

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,380

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,225
1$1,2252$1,3903$1,4254$1,4255$1,500
$1,500
RENT COMPS ANALYSIS
  • 10527 W Meade Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,419 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,419 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.98
    •  
  • 15201 N Ridgeview Road Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1970
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.94
    •  
  • 10313 W Desert Rock Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,465 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,465 Sqft ∙ Built 1973
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.97
    •  
  • 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
Marlene Cerreta
Cerreta Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180123
Last Updated: 01/14/2021
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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