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10618 W Garnette Drive Sun City, AZ 85373

2 Beds 2 Baths 1,385 sqft Built 1975

$325,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $234.66
  • 2 Days on Market
  • MLS # : 6207100
  • Updated Date : 03/14/2021 at 00:32
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,385 sqft
  • Baths : 1 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

WOW, where do I start. Beautiful 2 bed 2 bath plus an office area. You WILL love this home.: Make this beautiful 2bed/2bath home tucked into the active adult amenity rich Sun City yours! Amazing curb appeal leads you into the light and bright interior Gorgeous upgraded kitchen boasts granite counter tops , New soft close cabinets with pull outs, new appliances in 2016...Enjoy mornings and evenings on your covered back patio overlooking the expansive beautifully landscaped backyard. To name a few of the upgrades New roof 2020, Exterior and interior paint 2016, new 6 panel doors,5 inch baseboards, some new windows. Too many upgrades to list. List can be found in document tab. Buyer to verify all pertinent information...

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
 

$292,500$357,500$325,000

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 -$1,129
Property Tax -$173
Property Insurance -$54
HOA -$40
Property Management Fees -$99
CASH FLOW
-$65

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.

$325,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.44%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$14,524

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
  • $1,243

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,2454$1,3005$1,300
$1,300
RENT COMPS ANALYSIS
  • 10618 W Garnette Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10718 W Boswell Boulevard Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 1975
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.87
    •  
  • 18626 N Welk Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,416 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,416 Sqft ∙ Built 1976
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.88
    •  
  • 10414 W Signal Butte Circle Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,284 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,284 Sqft ∙ Built 1977
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.01
    •  
  • 10702 W Hibiscus Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,568 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,568 Sqft ∙ Built 1975
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
PROPERTY LISTING DETAILS
Debbie A Spencer
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207100
Last Updated: 03/14/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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