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10602 W Mountain View Road Sun City, AZ 85351

2 Beds 2 Baths 1,810 sqft Built 1967

$305,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $168.51
  • 4 Days on Market
  • MLS # : 6196129
  • Updated Date : 02/18/2021 at 22:41
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,810 sqft
  • Baths : 2 full
Listing Agent

Tempus West Valley Realty

Listing Agent's Description

GORGEOUS REMODELED/EXPANDED CONTINENTAL WITH 2 BEDS, 2 BATHS & 2 CAR GARAGE. SHUTTERS THROUGHOUT! REMODELED KITCHEN WITH QUARTZ COUNTER TOPS, MARBLE BACK SPLASH, STAINLESS STEEL APPLIANCES, PLUMBING HAS BEEN REPLACED, LIGHTING FIXTURES & CEILING FANS! POPCORN CEILINGS REMOVED. GARAGE DOOR & OPENER REPLACED. LARGE COVERED PATIO W/ COBBLESTONE & EXTENDED PATIO AREA, PRIVATE BACK YARD W/ BLOCK FENCE. COBBLESTONE DRIVEWAY. 200 AMP BOX/PANEL 2018. HOME IS ACROSS FROM MT. VIEW REC. CENTER. 7 SUN CITY REC. CENTERS, GOLF COURSES, POOLS, FITNESS CENTERS, PICKLE BALL, TENNIS & BOWLING. EASY ACCESS TO FREEWAY, SHOPPING, RESTAURANTS, MEDICAL AND MORE!! A MUST SEE PROPERTY!

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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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Valley Vista High School High Unknown NA

Valley Vista High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,059
Property Tax -$162
Property Insurance -$62
HOA -$41
Property Management Fees -$99
CASH FLOW
-$44

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.

$305,000

PROJECTED PRICE

$1,380

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$14,781

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
  • $1,376

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1953$1,2004$1,2255$1,550
$1,550
RENT COMPS ANALYSIS
  • 10602 W Mountain View Road Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,810 Sqft ∙ Built 1967 2 beds 2 baths ∙ 1,810 Sqft ∙ Built 1967
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10344 W Salem Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,699 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,699 Sqft ∙ Built 1970
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.70
    •  
  • 11825 N Hacienda Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,576 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,576 Sqft ∙ Built 1960
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.76
    •  
  • 10237 N 103rd Avenue Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,522 Sqft ∙ Built 1964 2 beds 2 baths ∙ 1,522 Sqft ∙ Built 1964
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.80
    •  
  • 11407 N Floral Court Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978
    property image
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
PROPERTY LISTING DETAILS
Robert Henderson
Tempus West Valley Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196129
Last Updated: 02/18/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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