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10724 W Roundelay Circle Sun City, AZ 85351

2 Beds 2 Baths 1,411 sqft Built 1970

INVESTimate

$268,000

List Price

$1,210

$1,089 - $1,331

Rent Est.

$294,264  ( +9.80%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $189.94
  • 7 Days on Market
  • MLS # : 6119882
  • Updated Date : 08/21/2020 at 12:16
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,411 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

This spotless home is a perfect combination of desirable, Phase II location, 2020 renovations: custom paint, popcorn removed, newly added AZ Rm, with Pergo Gold easy-care laminate which opens to a new flex-utility room for hobby-office. New lighting, white ceiling fans, blinds and switch plates. Quality flooring throughout. Easy access Custom tile shower, energy efficient toilets, vanities, mirrors and lighting. Nicely Updated Kitchen includes Corian counters, Pantry, attractive cabinetry with storage including a 2 seat counter-Island, stainless appliances and 5 burner convection range. Your private Oasis includes: gracious Saltillo tiled patio, soothing waterfall fountain, Cactus garden, and citrus. Two car garage perfect for cars, golf cart and/or shelving.

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.
 

$241,200$294,800$268,000

PURCHASE PRICE

$1,089$1,331$1,210

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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 $1,210
EXPENSES Loan Payment -$989
Property Tax -$143
Property Insurance -$55
HOA -$41
Property Management Fees -$99
CASH FLOW
-$116

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.

$268,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.45%

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$76,770

INVESTMENT

$76,770

Down Payment
$67,000
Rehab Estimate
$5,750
Closing Costs
$4,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,000
Loan Amount $201,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,987

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,326

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2003$1,2104$1,3505$1,350
$1,350
RENT COMPS ANALYSIS
  • 10724 W Roundelay Circle Sun City, 3
    • 2 beds 2 baths ∙ 1,411 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,411 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.86
    •  
  • 11189 W Thunderbird Boulevard Sun City, 1
    • 2 beds 2 baths ∙ 1,311 Sqft ∙ Built 1969 2 beds 2 baths ∙ 1,311 Sqft ∙ Built 1969
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.92
    •  
  • 10829 W Sarabande Circle Sun City, 2
    • 2 beds 2 baths ∙ 1,311 Sqft ∙ Built 1969 2 beds 2 baths ∙ 1,311 Sqft ∙ Built 1969
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.92
    •  
  • 10943 W Tropicana Circle Sun City, 4
    • 2 beds 2 baths ∙ 1,541 Sqft ∙ Built 1969 2 beds 2 baths ∙ 1,541 Sqft ∙ Built 1969
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.88
    •  
  • 11116 W Mirandy Court Sun City, 5
    • 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,299 Sqft ∙ Built 1970
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jeanine Armstrong
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119882
Last Updated: 08/21/2020
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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