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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $186.74
- 5 Days on Market
- MLS # : 6180350
- Updated Date : 01/13/2021 at 18:39
CONSTRUCTION
- Beds : 2
- Floor Size : 1,606 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Single family home with top-notch curb appeal nestled in the center of a Phase 3 cul-de-sac. The LR, DR & kitchen are very open, with sleek lines. There is an multi-use room off the kitchen & utility room has an abundance of cabs & sink. This 2BR/2BTH home is perfect for someone requiring a professional home office. Currently the second bedroom is set up as an office with plenty of cabinetry, drawers and shelves. While working from home you can enjoy the view from the bay window. The hall bath was totally renovated in 2019. This home has plenty of int and ext storage options. The 2 car garage has extra width plus an exterior carport. The gas FP is fueled by an owned propane tank. Enjoy the private back yard from your covered or open patio. The back offers a partial block wall.
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PRICE & RENT TRENDS
Neighborhood: Sun City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City
* 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.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$160 | |
| Property Insurance | -$59 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$20
|
||
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.
$299,900
PROJECTED PRICE
$1,380
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
5.33
YEARS SAVED
$16,513
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,377
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
10809 W Mimosa Drive Sun City, AZ 4
- 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1975
- Rent
- Rent Per SQFT
- $1,380
- $0.86
-
18626 N Welk Drive Sun City, AZ 1
- 2 beds 2 baths ∙ 1,416 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,416 Sqft ∙ Built 1976
LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,245
- $0.88
-
10842 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
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,295
- $0.83
-
10702 W Hibiscus Drive Sun City, AZ 3
- 2 beds 2 baths ∙ 1,568 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,568 Sqft ∙ Built 1975
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,300
- $0.83
-
10649 W Sequoia Drive Sun City, AZ 5
- 2 beds 2 baths ∙ 1,568 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,568 Sqft ∙ Built 1975
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,400
- $0.89
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180350
Last Updated: 01/13/2021
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.
