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10932 W Tropicana Circle Sun City, AZ 85351

4 Beds 2 Baths 2,045 sqft Built 1969

$429,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1969
  • Price/Sqft : $209.78
  • 2 Days on Market
  • MLS # : 6157760
  • Updated Date : 11/07/2020 at 13:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,045 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Golf course lot! Enjoy retirement in its best! Completely renovated and ready to move-in. North/south exposure. Open floor plan with formal dining room, spacious kitchen open to great room, 3 bedrooms plus den, 2 baths, 2 car garage. Highly upgraded with tile flooring t/o, carpet in bedrooms, custom cabinets, Quartz countertops, Stainless steel appliances including fridge, kitchen breakfast bar. New light and plumbing fixtures, new interior and exterior paint, dual pane windows. New roof 2020, new HVAC 2019, new water heater, sewer lines replaced. Master suite offers walk-in closet, double sinks. Inside laundry, epoxy garage flooring, new garage door. Extended covered patio, stunning golf course views. Private backyard with mature vegetation. Home warranty included, this home is 10!

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.
 

$386,100$471,900$429,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,583
Property Tax -$228
Property Insurance -$67
HOA -$41
Property Management Fees -$99
CASH FLOW
-$488

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.

$429,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.36%

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$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,464

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
  • $1,580

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,3954$1,6005$1,800
$1,800
RENT COMPS ANALYSIS
  • 10932 W Tropicana Circle Sun City, AZ 1
    • 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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 3
    • 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
    •  
  • 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
Olga V Griffin
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157760
Last Updated: 11/07/2020
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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