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10537 W Prairie Hills Circle Sun City, AZ 85351

2 Beds 2 Baths 1,499 sqft Built 1971

$270,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $180.12
  • 1 Days on Market
  • MLS # : 6182207
  • Updated Date : 01/17/2021 at 05:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,499 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Your new home is waiting for you! Located in a wonderful adult community in Sun City, you'll enjoy everything from a refreshing pool to a club house, golf course, and even a fitness center! The property itself consists of a 2 bed, 2 bath beauty with charming curb appeal, low maintenance landscaping, a 2 car garage with built-in cabinets, and more! The lavish interior boasts formal dining and living areas, not to mention a fabulous kitchen equipped with ample cabinetry, quartz countertops, stainless steel appliances, and a charming breakfast bar. The cozy master bedroom features its own private bath and a spacious closet for all your belongings, you're sure to love it! Also including a screened-in backyard patio where you can sit back and relax after a hard day's work, this home has it all!

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.
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$938
Property Tax -$144
Property Insurance -$56
HOA -$4
Property Management Fees -$99
CASH FLOW
$190

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.

$270,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.53%

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$35,128

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,428

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1503$1,2504$1,3005$1,500
$1,500
RENT COMPS ANALYSIS
  • 10537 W Prairie Hills Circle Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,499 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,499 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9901 W Desert Forest Circle Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1971
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.89
    •  
  • 13807 N Tan Tara Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1970
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
  • 13225 N Cedar Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,318 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,318 Sqft ∙ Built 1971
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 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
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Randy Kadavy
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182207
Last Updated: 01/17/2021
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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