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10829 W Canterbury Drive Sun City, AZ 85351

2 Beds 2 Baths 1,232 sqft Built 1961

$210,000

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $170.45
  • 5 Days on Market
  • MLS # : 6162103
  • Updated Date : 11/19/2020 at 16:42
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,232 sqft
  • Baths : 2 full
Listing Agent

Howe Realty

Listing Agent's Description

Great curb appeal for this Vintage 2 bedroom, 2 bathroom, plus Arizona room home with many upgrades located in Sun City Adult Community. This Charming and light filled home has a beautiful kitchen with crisp white cabinetry, subway tile backsplash and matching white appliances. Gather the family together to eat and relax in the open-concept kitchen that opens up to the great room where the family chef can cook while visiting and never miss out on a thing. The large windows throughout and sliding glass door draws in an abundance of soft natural light while also connecting directly to the large Arizona room. Spacious master retreat with master bathroom that has a stylish vanity and tiled walk in shower. You will enjoy the comfort of the Arizona room all year round that you can use for an

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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.
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$775
Property Tax -$112
Property Insurance -$51
HOA -$3
Property Management Fees -$99
CASH FLOW
$80

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.

$210,000

PROJECTED PRICE

$1,120

PROJECTED RENT

0.53%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$24,219

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,170

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1203$1,1254$1,2005$1,200
$1,200
RENT COMPS ANALYSIS
  • 10829 W Canterbury Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,232 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,232 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.91
    •  
  • 10824 W Connecticut Avenue Sun City, AZ 1
    • 2 beds 1 baths ∙ 1,161 Sqft ∙ Built 1961 2 beds 1 baths ∙ 1,161 Sqft ∙ Built 1961
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.95
    •  
  • 10519 W Desert Hills Court Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,280 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,280 Sqft ∙ Built 1960
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.88
    •  
  • 10531 W Connecticut Avenue Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,199 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,199 Sqft ∙ Built 1961
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.00
    •  
  • 11006 W Canterbury Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,236 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,236 Sqft ∙ Built 1960
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.97
    •  
PROPERTY LISTING DETAILS
Brandon Howe
Howe Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162103
Last Updated: 11/19/2020
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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