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10618 W Cimarron Court Sun City, AZ 85373

3 Beds 2 Baths 1,760 sqft Built 1976

$316,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $179.55
  • 5 Days on Market
  • MLS # : 6195106
  • Updated Date : 02/20/2021 at 23:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,760 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Welcome home. This beautiful remodel sits on a large lot at the corner of a culdesac. Some upgrades include paint inside, remodeled kitchen and baths, approximately 600 more sq ft of living area, low-e windows throughout, the carport was converted into a 2 car garage with new oversized door. there is also a 3rd bedroom room which could be used as a crafts room or workshop. Remodeled 2 yrs ago, features include upgraded vinyl flooring throughout most of home counter tops, appliances, water heater, breakfast nook, beautiful blinds and window treatments. The rear yard features low maintenance desert landscaping, a paver stone patio with a paver sidewalk that continues around to the front of the home, plus a separate circular flagstone patio area. See it today. it wont last long.

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

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
 

$284,400$347,600$316,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,098
Property Tax -$168
Property Insurance -$62
HOA -$4
Property Management Fees -$99
CASH FLOW
$130

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.

$316,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.49%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$89,490

INVESTMENT

$89,490

Down Payment
$79,000
Rehab Estimate
$5,750
Closing Costs
$4,740

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,098

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,000
Loan Amount $237,000
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$31,772

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
  • $1,553

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,4004$1,5755$1,800
$1,800
RENT COMPS ANALYSIS
  • 10618 W Cimarron Court Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19637 N Willow Creek Circle Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1977
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.82
    •  
  • 10505 W Tonopah Drive Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1989
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.90
    •  
  • 10748 W Beaubien Drive Sun City, AZ 4
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1996
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.93
    •  
  • 10951 W Ventana Drive Sun City, AZ 5
    • 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 1992
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.88
    •  
PROPERTY LISTING DETAILS
Louis Migliore
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195106
Last Updated: 02/20/2021
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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