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10702 W Garnette Drive Sun City, AZ 85373

3 Beds 2 Baths 1,508 sqft Built 1975

INVESTimate

$246,000

List Price

$1,270

$1,143 - $1,397

Rent Est.

$270,108  ( +9.80%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $163.13
  • 5 Days on Market
  • MLS # : 6121246
  • Updated Date : 08/24/2020 at 23:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,508 sqft
  • Baths : 2 full
Listing Agent

Homesmart Success

Listing Agent's Description

Remodeled 3 bedroom home on a large corner lot with only 1 neighbor. NEW cabinets in the kitchen with NEW countertops. Laminate floors everywhere except for the bedrooms, which have NEW carpet. The home also features NEW paint both on the interior and exterior. All the appliances convey, including the fridge, washer, and dryer. The floorplan has a large great room with vaulted ceilings, and the 2 car garage has an additional storage space. The back patio was enclosed and converted to an arizona room, and the HUGE backyard is over 10,000 sf with endless possibilities. OPEN HOUSE SAT 8/22 FROM 10AM - 2PM

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

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

$221,400$270,600$246,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$908
Property Tax -$131
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$76

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.

$246,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.52%

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$70,940

INVESTMENT

$70,940

Down Payment
$61,500
Rehab Estimate
$5,750
Closing Costs
$3,690

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$908

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,500
Loan Amount $184,500
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$26,646

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,270

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,270

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,3003$1,3754$1,3955$1,500
$1,500
RENT COMPS ANALYSIS
  • 10702 W Garnette Drive Sun City, 1
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.84
    •  
  • 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
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.86
    •  
  • 19637 N Willow Creek Circle Sun City, 3
    • 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
    •  
  • 10618 W Welk Drive Sun City, 4
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1975
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 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
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
David Morgan
Homesmart Success
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121246
Last Updated: 08/24/2020
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.

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