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10801 N 110th Drive Sun City, AZ 85351

2 Beds 2 Baths 1,270 sqft Built 1962

$219,900

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $173.15
  • 2 Days on Market
  • MLS # : 6170583
  • Updated Date : 12/11/2020 at 18:20
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,270 sqft
  • Baths : 2 full
Listing Agent

Beacon Property Solutions

Listing Agent's Description

THIS GREAT HOME IN SUN CITY FEATURES 2 BEDROOMS, 2 BATHROOMS, AND 1 CAR GARAGE ON AN OVERSIZED LOT. Enjoy this immaculately maintained single level open floor plan home which features an eat-in kitchen, updated laminate floors & tile, and neutral paint throughout. The finished Arizona room is the perfect multi-use space as an office, additional dining, or to enjoy your morning coffee or read your favorite book while looking out onto the low maintenance backyard. Seller has completed extensive upgrades to this home, including new windows, exterior doors, additional insulation, concrete patio (2016), new HVAC system (2020), an essential reline of the cast iron sewer line (2020), new sewer clean-outs (2020), stackable front loading washer/dryer (2015), and electric stove (2016).

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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.
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$811
Property Tax -$117
Property Insurance -$52
HOA -$41
Property Management Fees -$99
CASH FLOW
$30

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.

$219,900

PROJECTED PRICE

$1,150

PROJECTED RENT

0.52%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$19,078

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
  • $1,241

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0903$1,1004$1,1255$1,250
$1,250
RENT COMPS ANALYSIS
  • 10801 N 110th Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,270 Sqft ∙ Built 1962 2 beds 2 baths ∙ 1,270 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11375 N 112th Drive Youngtown, AZ 2
    • 2 beds 1 baths ∙ 1,176 Sqft ∙ Built 1957 2 beds 1 baths ∙ 1,176 Sqft ∙ Built 1957
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $0.93
    •  
  • 10824 W Connecticut Avenue Sun City, AZ 3
    • 2 beds 1 baths ∙ 1,161 Sqft ∙ Built 1961 2 beds 1 baths ∙ 1,161 Sqft ∙ Built 1961
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.95
    •  
  • 11202 N Madison Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,070 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,070 Sqft ∙ Built 1961
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $1.05
    •  
  • 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
Paula Buday Cotton
Beacon Property Solutions
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170583
Last Updated: 12/11/2020
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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