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10815 W Tropicana Circle Sun City, AZ 85351

3 Beds 2 Baths 1,489 sqft Built 1969

$314,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $211.48
  • 8 Days on Market
  • MLS # : 6210380
  • Updated Date : 03/27/2021 at 15:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,489 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Welcome to this beautifully updated 3 bedroom 2 bath Sun City home. You will be impressed starting with the gorgeous leaded glass entry door and inviting foyer. The kitchen has been completely renovated with new cherry cabinetry, granite counters, convection oven, SS dishwasher, and opened to the dining and living room, making this home perfect for entertaining. Both baths have been updated. Doors and hardware, flooring and floor moldings have been replaced throughout. Windows and the sliding glass door allowing access to the covered patio, new in 2019. Roof new in 2018. This home features that desirable 3rd bedroom, great for a flex space, den or office, and a large laundry, golf cart and storage area separate from the garage.Please visit Documents for the list of home improvements.

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
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,094
Property Tax -$168
Property Insurance -$56
HOA -$41
Property Management Fees -$99
CASH FLOW
-$128

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.

$314,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.42%

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-$4.0k-$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$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$9,615

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
  • $1,247

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2253$1,3954$1,4005$1,475
$1,475
RENT COMPS ANALYSIS
  • 10815 W Tropicana Circle Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10938 W Saratoga Circle Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1969
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.76
    •  
  • 9907 W Kingswood Circle Sun City, AZ 3
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1971
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.82
    •  
  • 14201 N 103rd Avenue Sun City, AZ 4
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1970
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 9929 W Burns Drive Sun City, AZ 5
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1972
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.90
    •  
PROPERTY LISTING DETAILS
Janice Thompson
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210380
Last Updated: 03/27/2021
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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