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10939 W Tropicana Circle Sun City, AZ 85351

2 Beds 1 Baths 995 sqft Built 1969

$189,900

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $190.85
  • 3 Days on Market
  • MLS # : 6163237
  • Updated Date : 11/21/2020 at 16:22
CONSTRUCTION
  • Beds : 2
  • Floor Size : 995 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Excellent value in a a terrific neighborhood of lovely houses! Move In Ready! This is a dream house for retirement! Affordable, well kept, easily maintained, this house has been gently lived in. Dual pane windows are energy efficient and the two car garage has a special area for the golf cart plus the cars. The covered patio is very private and shaded all of the time. Easy care desert landscape means little water is needed. (2 Citrus Trees)Can be purchase furnished if desired. Located the the center of the Sun City Recreation area with golf courses, swimming, fitness centers, medical facilities and shopping just a short distance away. See this soon. It's a PEACH!

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.
 

$170,910$208,890$189,900

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$701
Property Tax -$101
Property Insurance -$47
HOA -$41
Property Management Fees -$99
CASH FLOW
$112

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.

$189,900

PROJECTED PRICE

$1,100

PROJECTED RENT

0.58%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,074

INVESTMENT

$56,074

Down Payment
$47,475
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,475
Loan Amount $142,425
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$25,637

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
  • $1,107

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0503$1,1504$1,1505$1,200
$1,200
RENT COMPS ANALYSIS
  • 10939 W Tropicana Circle Sun City, AZ 1
    • 2 beds 1 baths ∙ 995 Sqft ∙ Built 1969 2 beds 1 baths ∙ 995 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11120 W Nocturne Court Sun City, AZ 2
    • 2 beds 1 baths ∙ 995 Sqft ∙ Built 1970 2 beds 1 baths ∙ 995 Sqft ∙ Built 1970
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.06
    •  
  • 10809 W Camelot Circle Sun City, AZ 3
    • 2 beds 1 baths ∙ 995 Sqft ∙ Built 1969 2 beds 1 baths ∙ 995 Sqft ∙ Built 1969
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.16
    •  
  • 10939 W Saratoga Circle Sun City, AZ 4
    • 2 beds 1 baths ∙ 995 Sqft ∙ Built 1969 2 beds 1 baths ∙ 995 Sqft ∙ Built 1969
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.16
    •  
  • 10620 W White Mountain Road Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,119 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,119 Sqft ∙ Built 1971
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.07
    •  
PROPERTY LISTING DETAILS
Linda M Warren
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163237
Last Updated: 11/21/2020
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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