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10701 W Wheatridge Drive Sun City, AZ 85373

3 Beds 2 Baths 1,683 sqft Built 1974

INVESTimate

$285,900

List Price

$1,640

$1,476 - $1,804

Rent Est.

$81,514

Investment Est.

$313,918  ( +9.80%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $169.88
  • 2 Days on Market
  • MLS # : 6120840
  • Updated Date : 08/25/2020 at 15:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,683 sqft
  • Baths : 2 full
Listing Agent

Stunning Homes Realty

Listing Agent's Description

Pristine Ranch Style Home in the desirable Golf Course Community of Sun City. Situated on a corner lot w/a sparkling pool, covered patio, meticulous desert landscape, & endless blue skies. Beautiful interior features neutral carpet, window blinds, ceiling fans, custom palette, & formal dining area, w/patio access. Plenty of white kitchen cabinets w/hardware, bright & cheery breakfast area, neutral tiled floors, beautiful stainless steel appliances, pantry, & stylish counters. 3 generous sized bedrooms, 2 baths, with master tub just refinished, ample closets, & den. This gorgeous home is being offered fully furnished, ALL items available for purchase in seperate bill of sale. Ready to move in immediately, your new keys are the only thing needed! Pride of Ownership is evident inside & out!

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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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

FINANCIALS

Learn how to read this

$257,310$314,490$285,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING
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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$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,055
Property Tax -$152
Property Insurance -$60
HOA -$64
Property Management Fees -$99
CASH FLOW
$210

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.

$285,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.80%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,514

INVESTMENT

$81,514

Down Payment		 $71,475
Rehab Estimate		 $5,750
Closing Costs		 $4,289

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,055

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,475
Loan Amount $214,425
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$43,971

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

  • $1,401

    COMP ESTIMATED VALUE

  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,3954$1,4005$1,500
$1,500
RENT COMPS ANALYSIS
  • 10701 W Wheatridge Drive Sun City, 1
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17809 N Monte Vista Court Sun City, 2
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1975
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.86
    •  
  • 10618 W Welk Drive Sun City, 3
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1975
    property image
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 11201 W Pueblo Court Sun City, 4
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1974
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.78
    •  
  • 18222 N Willowbrook Drive Sun City, 5
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1976
    property image
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Cheramy L Mayfield
Stunning Homes Realty
BUYER AGENT
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
SOURCE
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120840
Last Updated: 08/25/2020
SUPPORT
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.

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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