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10911 W Saratoga Circle Sun City, AZ 85351

3 Beds 2 Baths 1,699 sqft Built 1969

$259,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1969
  • Price/Sqft : $152.44
  • 6 Days on Market
  • MLS # : 6153326
  • Updated Date : 10/30/2020 at 18:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,699 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Sun City's convenience and value! Imagine being able to enjoy all that Arizona has to offer for $259,000 in a nice sized 3 bed/2 bath home with recently upgraded wood laminateflooring, interior paint, ceiling fans,tiled Arizona room,epoxy floor in the large garage and work shop area. Kitchen features wall oven with electric cook top and pantry with new garbage disposal, refrigerator and built in microwave, and room for a large dining table just off the kitchen.. This home shows pride of ownership.. Open floor plan with good sized family room and living room well appointed for separate TVs if desired.Great work shop area or extra craft room. Rear Arizona room can be used as an office or for reading and enjoying the Arizona sunshine. Sun City offers several Rec centers and activities

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.
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$956
Property Tax -$138
Property Insurance -$60
HOA -$41
Property Management Fees -$99
CASH FLOW
$86

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.

$259,000

PROJECTED PRICE

$1,380

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$956

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$28,066

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,436

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3003$1,3804$1,3955$1,400
$1,400
RENT COMPS ANALYSIS
  • 10911 W Saratoga Circle Sun City, AZ 3
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.81
    •  
  • 12208 N Pebble Beach Drive Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1960
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.92
    •  
  • 10920 W Roundelay Circle Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1969
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.77
    •  
  • 9907 W Kingswood Circle Sun City, AZ 4
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1971
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.82
    •  
  • 14201 N 103rd Avenue Sun City, AZ 5
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1970
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
PROPERTY LISTING DETAILS
Rick Germer
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153326
Last Updated: 10/30/2020
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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