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10861 W Meade Drive Sun City, AZ 85351

3 Beds 2 Baths 2,249 sqft Built 1970

$335,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $148.96
  • 2 Days on Market
  • MLS # : 6197053
  • Updated Date : 02/20/2021 at 15:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,249 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Arizona living at its finest. This 3bd/2ba ranch-style BLOCK home has so much to offer! Enjoy the outdoors--from the covered courtyard in the front, to the private pool & citrus trees in your backyard. Step inside & see the great amenities. Light & bright ARIZONA ROOM, FIREPLACE in LR, family room with WET BAR, formal dining, NEW KITCHEN APPLIANCES, breakfast bar, inside laundry (w/d included), built-in storage throughout, and central vacuum. The master retreat has 2 walk-in closets & sliding glass doors to the courtyard. LEASED solar for energy savings. Sun City is home to 8 rec centers & 9 golf courses--it's just waiting for YOU to call it home.

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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,164
Property Tax -$178
Property Insurance -$71
HOA -$41
Property Management Fees -$99
CASH FLOW
$77

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.

$335,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.49%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$27,154

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
  • $1,642

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,4954$1,6005$1,800
$1,800
RENT COMPS ANALYSIS
  • 10861 W Meade Drive Sun City, AZ 1
    • 3 beds 2 baths ∙ 2,249 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,249 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10913 W Hutton Drive Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1973
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.68
    •  
  • 10811 W Saratoga Circle Sun City, AZ 3
    • 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1969
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.74
    •  
  • 15637 N 99th Drive Sun City, AZ 4
    • 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 1972
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.75
    •  
  • 10922 W Tropicana Circle Sun City, AZ 5
    • 3 beds 3 baths ∙ 2,387 Sqft ∙ Built 1969 3 beds 3 baths ∙ 2,387 Sqft ∙ Built 1969
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.75
    •  
PROPERTY LISTING DETAILS
Sarah Shew
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197053
Last Updated: 02/20/2021
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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