Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10705 W Canterbury Drive Sun City, AZ 85351

2 Beds 2 Baths 1,296 sqft Built 1961

$209,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $161.27
  • 2 Days on Market
  • MLS # : 6176852
  • Updated Date : 01/23/2021 at 17:45
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,296 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Wonderfully Updated, 2Bd, 2Ba, w/ Enclosed 2 Golf Cart Parking in Esteemed Sun City Adult Community. Open Floorplan Flows to an Expanded & Finished Arizona Room. Upgrades Include: Large Neutral Tile, Newer Paint, Retextured Ceilings, White Cabinetry. Kitchen is An Entertainer's Dream, Opening to the Living Room. Large Windows & Sliding Brings In the Arizona Light, Making the Home Light & Bright. Enjoy the Comfort Year Round of a Completely Finished Arizona Room w/ A/C & Stained Concrete; Possibilities are Endless as an Additional Living Space, Office, etc. Spacious Master Suite Includes Stylish Vanity & Tiled Walk-In Shower. Rear Yard has Low Maintenance Xeriscape, w/ Extended Covered Patio & Mature Trees. Wonderful Sun City Location Close to Rec Center, Pools, Golf & Easy I-101 Access.

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.
 

$188,100$229,900$209,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$726
Property Tax -$111
Property Insurance -$52
HOA -$4
Property Management Fees -$99
CASH FLOW
$278

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.

$209,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,135

INVESTMENT

$61,135

Down Payment
$52,250
Rehab Estimate
$5,750
Closing Costs
$3,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$726

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,250
Loan Amount $156,750
See What Happens When You Reinvest Cash Flow

12.25

YEARS SAVED

$40,203

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
  • $0.98

    LIST RENT PER SQFT
  • $1,286

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1503$1,2004$1,2005$1,270
$1,270
RENT COMPS ANALYSIS
  • 10705 W Canterbury Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,296 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,296 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.98
    •  
  • 10824 W Connecticut Avenue Sun City, AZ 1
    • 2 beds 1 baths ∙ 1,161 Sqft ∙ Built 1961 2 beds 1 baths ∙ 1,161 Sqft ∙ Built 1961
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.95
    •  
  • 10701 W Cherry Hills Drive W Sun City, AZ 2
    • 2 beds 1 baths ∙ 1,098 Sqft ∙ Built 1960 2 beds 1 baths ∙ 1,098 Sqft ∙ Built 1960
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.05
    •  
  • 10531 W Connecticut Avenue Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,199 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,199 Sqft ∙ Built 1961
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.00
    •  
  • 11006 W Canterbury Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,236 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,236 Sqft ∙ Built 1960
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.97
    •  
PROPERTY LISTING DETAILS
Georgi Stratton
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176852
Last Updated: 01/23/2021
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.

BESbswy