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10925 W Palmeras Drive Sun City, AZ 85373

2 Beds 2 Baths 1,773 sqft Built 1974

INVESTimate

$309,000

List Price

$1,380

$1,242 - $1,518

Rent Est.

$339,282  ( +9.80%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $174.28
  • 7 Days on Market
  • MLS # : 6120334
  • Updated Date : 08/21/2020 at 10:01
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,773 sqft
  • Baths : 2 full
Listing Agent

Tempus West Valley Realty

Listing Agent's Description

BEAUTIFUL HOME! IMMACULATE CONDITION! WARM DESERT COLORS. GREAT CURB APPEAL! TERRA COTTA STUCCO WITH DECORATIVE CURB WALL, COVERED PORCH AND SLATE TILES. LARGE NORTH/SOUTH FACING LOT HAS MATURE CACTUS AND 3 FRUIT TREES: GRAPEFRUIT, ORANGE AND TANGELO. STUCCO WALLED PATIO HAS TILED FLOOR AND ROLL DOWN SUN SCREENS. NICE FLOOR PLAN WITH 9 FT. CEILINGS IN THE MAIN AREA. EAT IN KITCHEN PLUS FORMAL DINING. WOOD BLINDS AND SUN SCREENING THROUGH OUT. LOCATED IN PHASE III, CLOSE TO SHOPPING AND REC CENTERS. COME ENJOY ALL THIS 55 PLUS COMMUNITY HAS TO OFFER!

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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.
 

$278,100$339,900$309,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,140
Property Tax -$164
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$85

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.

$309,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.80%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,250
Loan Amount $231,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$15,746

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
  • $0.78

    LIST RENT PER SQFT
  • $1,494

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,4003$1,4504$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 10925 W Palmeras Drive Sun City, 1
    • 2 beds 2 baths ∙ 1,773 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,773 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.78
    •  
  • 10842 W Amber Trail Sun City, 2
    • 2 beds 2 baths ∙ 1,848 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,848 Sqft ∙ Built 1973
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.76
    •  
  • 10813 W Brookside Drive Sun City, 3
    • 2 beds 2 baths ∙ 1,597 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,597 Sqft ∙ Built 1973
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.91
    •  
  • 11556 W Javelina Court Surprise, 4
    • 2 beds 2 baths ∙ 1,788 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,788 Sqft ∙ Built 1994
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
  • 10706 W Pinion Lane Sun City, 5
    • 2 beds 2 baths ∙ 1,807 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,807 Sqft ∙ Built 1974
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
PROPERTY LISTING DETAILS
Lanis Duke
Tempus West Valley Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120334
Last Updated: 08/21/2020
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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