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10705 W Hibiscus Drive Sun City, AZ 85373

2 Beds 2 Baths 1,923 sqft Built 1975

INVESTimate

$275,000

List Price

$1,410

$1,269 - $1,551

Rent Est.

$301,950  ( +9.80%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $143.01
  • 2 Days on Market
  • MLS # : 6122210
  • Updated Date : 08/24/2020 at 22:25
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,923 sqft
  • Baths : 1 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to this beautiful 1936 s.f. home with a sparkling pool on a large private lot. Newly painted inside and out, roof recoated 2020. Wonderful 10-foot high screened patio with wood-look tile floor off the foyer - the perfect spot to relax or enjoy your morning coffee. Vinyl sliders and windows, fans throughout, solar tubes where needed. Kitchen has maple cabinets and Corian counters. N/S exposure. Kool Deck around pool and patio. Both bedrooms are large with walk-in closets plus a linen closet in each. Both bathrooms have newer vanities. Extended 2-car garage with lots of build-in cabinets. Tile and laminate flooring, no carpet. Sun City has amazing recreational facilities and very reasonably priced golf. DON'T MISS THIS ONE!

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.
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,269$1,551$1,410

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,015
Property Tax -$153
Property Insurance -$65
HOA -$41
Property Management Fees -$99
CASH FLOW
$38

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.

$275,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.51%

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$23,983

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
  • $1,529

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,4954$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 10705 W Hibiscus Drive Sun City, 1
    • 2 beds 2 baths ∙ 1,923 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,923 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10842 W Amber Trail Sun City, 2
    • 2 beds 2 baths ∙ 1,848 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,848 Sqft ∙ Built 1973
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.76
    •  
  • 17626 N Foothills Drive Sun City, 3
    • 2 beds 2 baths ∙ 2,094 Sqft ∙ Built 1978 2 beds 2 baths ∙ 2,094 Sqft ∙ Built 1978
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.71
    •  
  • 10409 W Willow Creek Circle Sun City, 4
    • 2 beds 2 baths ∙ 1,763 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,763 Sqft ∙ Built 1976
    property image
    LEASED 04/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
  • 10706 W Pinion Lane Sun City, 5
    • 2 beds 2 baths ∙ 1,807 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,807 Sqft ∙ Built 1974
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
PROPERTY LISTING DETAILS
Linda Stewart
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122210
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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