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10818 W Welk Drive Sun City, AZ 85373

2 Beds 2 Baths 1,568 sqft Built 1974

$260,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $165.82
  • 3 Days on Market
  • MLS # : 6167496
  • Updated Date : 12/05/2020 at 08:32
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,568 sqft
  • Baths : 1 full , 1 half
Listing Agent

Rethink Real Estate

Listing Agent's Description

IDEAL LOCATION, NORTH OF BELL ROAD IN SUN CITY PHASE 3 ! THIS HOME, SHOWS LIGHT & BRIGHT & VERY CLEAN, 2 LARGE BEDROOMS, EACH WITH WALK-IN CLOSETS, 2 FULL BATHROOMS. THIS POPULAR CAPRICORN FLOORPLAN HAS A LARGE, EXPANDED GREAT ROOM OR LIVING ROOM WITH NEWER WINDOWS, SLIDING DOOR WITH BUILT-IN BLINDS-GREAT AREA FOR ENTERTAINING. FRONT LIVING ROOM AND FORMAL DINING, AND A BRIGHT KITCHEN ADJACENT TO FAMILY ROOM * DIAGONALLY LAID CERAMIC TILE IN FAMILY ROOM AND KITCHEN * NEWER BLINDS AND WOOD SHUTTERS ON WINDOWS, LARGE REAR COVERED PATIO W TILE FLOORING, MATURE CITRUS TREES, BUILT IN GARAGE CABINETS, EXTENDED LENGTH GARAGE WITH PLENTY OF ROOM FOR GOLF CART. LARGE YARD, EASY TO MAINTAIN, GREAT SUN CITY LOCATION!

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.
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$959
Property Tax -$138
Property Insurance -$58
HOA -$41
Property Management Fees -$99
CASH FLOW
-$5

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.

$260,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.50%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$18,610

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,301

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2903$1,2954$1,3005$1,400
$1,400
RENT COMPS ANALYSIS
  • 10818 W Welk Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,568 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,568 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.82
    •  
  • 11010 W Welk Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,568 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,568 Sqft ∙ Built 1974
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.77
    •  
  • 10842 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 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.83
    •  
  • 10702 W Hibiscus Drive Sun City, AZ 4
    • 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
Joan Morin
Rethink Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167496
Last Updated: 12/05/2020
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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