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10626 W Bolivar Drive Sun City, AZ 85351

3 Beds 2 Baths 2,189 sqft Built 1970

$448,500

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $204.89
  • 2 Days on Market
  • MLS # : 6203577
  • Updated Date : 03/06/2021 at 19:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,189 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Do not miss this beautiful, completely remodeled 3bed/2bath home available in the 55+ active adult community of Sun City. This gem features great ranch curb appeal with brick accents leading into the must see interior. Gorgeous wood flooring, soothing neutral paint palate and high ceilings are sure to impress. You will love the open concept floorplan for entertaining. Chef's kitchen boasts stainless black appliances, white shaker style cabinetry, tile backsplash and pendant lighting over the large island with breakfast bar seating. Enjoy the versatility of the sun soaked Arizona room. Lovely master retreat includes en suite. Move right in and start taking advantage of all this amazing community has to offer. Something for everyone. This home will not disappoint. See it today.

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
 

$403,650$493,350$448,500

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,558
Property Tax -$239
Property Insurance -$70
HOA -$41
Property Management Fees -$99
CASH FLOW
-$176

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.

$448,500

PROJECTED PRICE

$1,830

PROJECTED RENT

0.41%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,603

INVESTMENT

$124,603

Down Payment
$112,125
Rehab Estimate
$5,750
Closing Costs
$6,728

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,558

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,125
Loan Amount $336,375
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,941

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
  • $1,634

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,6004$1,800
$1,800
RENT COMPS ANALYSIS
  • 10626 W Bolivar Drive Sun City, AZ 1
    • 3 beds 2 baths ∙ 2,189 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,189 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10811 W Saratoga Circle Sun City, AZ 2
    • 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1969
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.74
    •  
  • 15637 N 99th Drive Sun City, AZ 3
    • 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 1972
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.75
    •  
  • 10922 W Tropicana Circle Sun City, AZ 4
    • 3 beds 3 baths ∙ 2,387 Sqft ∙ Built 1969 3 beds 3 baths ∙ 2,387 Sqft ∙ Built 1969
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.75
    •  
PROPERTY LISTING DETAILS
Daniel Popescu
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203577
Last Updated: 03/06/2021
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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