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10747 W Crosby Drive Sun City, AZ 85351

2 Beds 2 Baths 1,609 sqft Built 1961

$219,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $136.11
  • 3 Days on Market
  • MLS # : 6186029
  • Updated Date : 01/29/2021 at 22:50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,609 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Sweet, expanded H-model. Freshly painted exterior with new plantings & irrigation. Generous living/dining area, step-down den/family room that works as an office. Extended master bedroom with HUGE walk-in laundry closet, 2nd closet & good-sized 2nd bedroom. Nice, partially covered patio out back. Fenced yard to accommodate your 4-legged family. Mature plantings out back. Front slope of roof replaced in 2017. All windows & sliding glass door replaced with dual pane, vinyl in 2018. New security doors too! Preventative termite treatment in 2019 with warranty. Less than a half mile to the recently remodeled Fairway Recreation Center, Walgreens, Dollar General store, Fry's supermarket & Banner Medical facilities 1 1/2 miles north. Spaces to walk the dog just across the street.

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
 

$197,100$240,900$219,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$761
Property Tax -$117
Property Insurance -$59
HOA -$41
Property Management Fees -$99
CASH FLOW
$174

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.

$219,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.57%

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

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$63,785

INVESTMENT

$63,785

Down Payment
$54,750
Rehab Estimate
$5,750
Closing Costs
$3,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,750
Loan Amount $164,250
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$29,671

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,360

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2253$1,2504$1,2505$1,350
$1,350
RENT COMPS ANALYSIS
  • 10747 W Crosby Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,609 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,609 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.78
    •  
  • 11825 N Hacienda Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,576 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,576 Sqft ∙ Built 1960
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.76
    •  
  • 10237 N 103rd Avenue Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,522 Sqft ∙ Built 1964 2 beds 2 baths ∙ 1,522 Sqft ∙ Built 1964
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.80
    •  
  • 10007 W Lakeview Circle S Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,435 Sqft ∙ Built 1962 2 beds 2 baths ∙ 1,435 Sqft ∙ Built 1962
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.87
    •  
  • 10214 W Pinehurst Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,426 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,426 Sqft ∙ Built 1963
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
PROPERTY LISTING DETAILS
Barbara Myers
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186029
Last Updated: 01/29/2021
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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