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10903 W Oakmont Drive Sun City, AZ 85351

2 Beds 2 Baths 1,361 sqft Built 1960

$249,900

List Price

$1,140

$1K - $1.3K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $183.61
  • 2 Days on Market
  • MLS # : 6184732
  • Updated Date : 01/22/2021 at 23:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,361 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Realty Biltmore Partners

Listing Agent's Description

Beautiful GOLF COURSE HOME has gorgeous curb appeal and an open floorplan! Upon entry you will feel right at home with the large family room that is inviting and bright! Charming kitchen has updated cabinetry and all new SS appliances to include a gas stove! Enormous flex area has stunning views of the fenced yard and golf course as well as built in desk and several storage cabinets! Slider leads out to the sizable covered patio! Master bedroom has private bathroom! Indoor laundry room! All new carpet, interior paint and light fixtures! Enjoy all that Sun City has to offer!

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.
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$868
Property Tax -$133
Property Insurance -$54
HOA -$41
Property Management Fees -$99
CASH FLOW
-$55

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.

$249,900

PROJECTED PRICE

$1,140

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$10,755

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,140

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,330

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,140
1$1,1402$1,1753$1,2004$1,2055$1,350
$1,350
RENT COMPS ANALYSIS
  • 10903 W Oakmont Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,361 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,361 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,140
    • $0.84
    •  
  • 12810 N 113th Avenue #7 Youngtown, AZ 2
    • 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1975
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.94
    •  
  • 10833 W Santa Fe Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,221 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,221 Sqft ∙ Built 1976
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.98
    •  
  • 12432 N Riviera Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,167 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,167 Sqft ∙ Built 1960
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,205
    • $1.03
    •  
  • 10813 W Santa Fe Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,401 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,401 Sqft ∙ Built 1976
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.96
    •  
PROPERTY LISTING DETAILS
Crysty Wullbrandt
Keller Williams Realty Biltmore Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184732
Last Updated: 01/22/2021
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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