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10822 W Wikieup Lane Sun City, AZ 85373

3 Beds 2 Baths 1,920 sqft Built 2002

$489,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $254.69
  • 4 Days on Market
  • MLS # : 6208715
  • Updated Date : 03/21/2021 at 02:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,920 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

REIMAGINED, REMODELED & METICULOUSLY MAINTAINED, THIS 3 BEDROOM, 3-CAR GARAGE, ONE-OF-A-KIND SMART HOME IS A RARE FIND! AN ABSOLUTE ENTERTAINER'S DREAM! From the minute you enter through the custom, iron entry door, you'll be amazed how this home seamlessly blends comfort and luxury. Exceptional features incl: gorgeous tile floors & plantation shutters t/o; vaulted ceilings; full bar; spacious dining room; stunning kitchen w/stainless appliances & exquisite granite counters; designer back splash; breakfast bar; master suite w/spacious w/i closet; master bath w/dual vanities & step-in shower; guest bedrooms split from master & flank guest bath. BE PREPARED TO BE WOWED BY THE BACK YARD! Sparkling pebble tech pool w/water feature, b/i BBQ, expanded, covered patio, o/d fireplace.See more...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bay Pointe at Ventana Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k312k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Bay Pointe at Ventana Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8662018

* 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
Sunrise Mountain High School High Regular 1,675 72 7
Sunrise Mountain High School High Unknown NA

Sunrise Mountain High School

  • Education Level: High
  • # of students: 1,675
  • # of teachers: 72
7
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$440,100$537,900$489,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,698
Property Tax -$355
Property Insurance -$65
HOA -$32
Property Management Fees -$99
CASH FLOW
-$399

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.

$489,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,698

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,186

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
  • $1,843

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7803$1,8004$1,8005$1,975
$1,975
RENT COMPS ANALYSIS
  • 10822 W Wikieup Lane Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20058 N 110th Lane Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1998
    property image
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.02
    •  
  • 19310 N 115th Drive Surprise, AZ 3
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1997
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 10951 W Ventana Drive Sun City, AZ 4
    • 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 1992
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.88
    •  
  • 10734 W Utopia Road Sun City, AZ 5
    • 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 2020
    property image
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jennifer Meehl
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208715
Last Updated: 03/21/2021
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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