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10737 W Sun City Boulevard Sun City, AZ 85351

2 Beds 2 Baths 1,400 sqft Built 1961

$189,500

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $135.36
  • 4 Days on Market
  • MLS # : 6162189
  • Updated Date : 11/20/2020 at 14:24
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,400 sqft
  • Baths : 2 full
Listing Agent

Capri Realty

Listing Agent's Description

Updated, expanded Sun City home in a great location. Wonderful open kitchen and dining area includes newer cabinets, counter tops, tile, and a very large laundry/storage room or space for an office. Remodeled baths, newer roof, sewer line, and main copper water line. Extended back patio is a great place to relax at the end of the day.

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.
 

$170,550$208,450$189,500

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$699
Property Tax -$101
Property Insurance -$55
HOA -$3
Property Management Fees -$99
CASH FLOW
$253

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.

$189,500

PROJECTED PRICE

$1,210

PROJECTED RENT

0.64%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,968

INVESTMENT

$55,968

Down Payment
$47,375
Rehab Estimate
$5,750
Closing Costs
$2,843

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$699

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,375
Loan Amount $142,125
See What Happens When You Reinvest Cash Flow

12.33

YEARS SAVED

$42,555

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
  • $1,313

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1003$1,1254$1,2005$1,250
$1,250
RENT COMPS ANALYSIS
  • 10737 W Sun City Boulevard Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12017 W Thunderbird Road Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 1960
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.92
    •  
  • 10519 W Desert Hills Court Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,280 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,280 Sqft ∙ Built 1960
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.88
    •  
  • 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
    •  
  • 11025 N 110th Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,280 Sqft ∙ Built 1962 2 beds 2 baths ∙ 1,280 Sqft ∙ Built 1962
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jean Pfaffenbach
Capri Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162189
Last Updated: 11/20/2020
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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