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10722 W Manzanita Drive Sun City, AZ 85373

2 Beds 2 Baths 1,797 sqft Built 1975

$279,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $155.26
  • 2 Days on Market
  • MLS # : 6203364
  • Updated Date : 03/07/2021 at 05:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,797 sqft
  • Baths : 1 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

This home is a charmer: Start with private paved courtyard leading to formal entry. 10+ ceilings in Living/Dining/Family Room & Kitchen. Family room opens to a kitchen and Slider leading to a fabulous private backyard. Bright White Kitchen with newer Stainless Steel Appliances, Vintage Red Mid-Century Modern Range hood & flooded with new lighting. Door to extra sq. ft. can be used for anything from Crafts, to Office to 3rd Bedroom. Outside Paradise is really added living space with walled in backyard & tiled covered and sunning patios. New Windows & Slider along the back living areas, A/C 2018, W/H 2019, freshly painted inside & out. Large Bedrooms & both baths with newer Vanities & Miracle Method Surface Refinishing in both Tub & Shower. Impeccably maintained in a convenient location.

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
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$969
Property Tax -$148
Property Insurance -$62
HOA -$41
Property Management Fees -$99
CASH FLOW
$200

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.

$279,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.54%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$36,136

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
  • $1,527

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,4754$1,5505$1,690
$1,690
RENT COMPS ANALYSIS
  • 10722 W Manzanita Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,797 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,797 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10702 W Hibiscus Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,568 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,568 Sqft ∙ Built 1975
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
  • 18629 N Kiva Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,896 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,896 Sqft ∙ Built 1976
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.78
    •  
  • 10706 W Pinion Lane Sun City, AZ 4
    • 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
    •  
  • 10401 W Concho Circle Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1976
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.93
    •  
PROPERTY LISTING DETAILS
Anne Schwichtenberg
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203364
Last Updated: 03/07/2021
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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