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10528 W Snead Drive Sun City, AZ 85351

2 Beds 2 Baths 1,092 sqft Built 1961

$195,000

List Price

$1,020

$918 - $1.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1961
  • Price/Sqft : $178.57
  • 2 Days on Market
  • MLS # : 6157682
  • Updated Date : 11/07/2020 at 10:44
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,092 sqft
  • Baths : 2 full
Listing Agent

Prosmart Realty

Listing Agent's Description

Come see this charming Sun City Home! 2 bedroom 2 bathroom with new carpet and paint throughout. Arizona room with AC plus a covered patio. Large lot with room to make your dream backyard. Home is close to shopping, golf course, and rec centers.

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.
 

$175,500$214,500$195,000

PURCHASE PRICE

$918$1,122$1,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,020
EXPENSES Loan Payment -$719
Property Tax -$104
Property Insurance -$49
HOA -$41
Property Management Fees -$99
CASH FLOW
$8

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.

$195,000

PROJECTED PRICE

$1,020

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$14,990

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,020

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,092

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,020
1$1,0202$1,1003$1,1254$1,2005$1,250
$1,250
RENT COMPS ANALYSIS
  • 10528 W Snead Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,092 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,092 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,020
    • $0.93
    •  
  • 11201 N 105th Avenue Sun City, AZ 2
    • 2 beds 1 baths ∙ 1,127 Sqft ∙ Built 1961 2 beds 1 baths ∙ 1,127 Sqft ∙ Built 1961
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.98
    •  
  • 11202 N Madison Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,070 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,070 Sqft ∙ Built 1961
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $1.05
    •  
  • 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
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.00
    •  
  • 10131 W Palmer Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,288 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,288 Sqft ∙ Built 1963
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.97
    •  
PROPERTY LISTING DETAILS
Misty L Wakefield
Prosmart Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157682
Last Updated: 11/07/2020
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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