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10809 W Mimosa Drive Sun City, AZ 85373

2 Beds 2 Baths 1,606 sqft Built 1975

$299,900

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
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.

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.
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

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

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

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
$1,245
1$1,2452$1,2953$1,3004$1,3805$1,400
$1,400
RENT COMPS ANALYSIS
  • 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
Susan Black
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180350
Last Updated: 01/13/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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