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11013 W White Mountain Road Sun City, AZ 85351

3 Beds 2 Baths 1,734 sqft Built 1970

$349,500

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $201.56
  • 2 Days on Market
  • MLS # : 6160429
  • Updated Date : 11/14/2020 at 13:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,734 sqft
  • Baths : 2 full
Listing Agent

Tempus West Valley Realty

Listing Agent's Description

WOW! WONDERFUL HOME STARTING WITH THE GREAT LANDSCAPING AND THE BRICK PAVED DRIVEWAY, FRONT PORCH, WALKWAY TO THE BACK YARD AND TWO BACK PATIOS. HOME FEATURES: OVER 2000 SQ.FT. WITH HOBBY/LAUNDRY RM W/SEPARATE A/C & HEATING UNIT. ENTERING THRU YOUR BEAUTIFUL FRONT DOOR YOU LOOK OUT TO YOUR RESORT-LOOKING BACKYARD AND THE 15TH HOLDE OF LAKES WEST GC. 3BR/2 BATH RMS./2 CAR GARAGE. HOME HAS BEEN MODIFIED AND OPENED UP THE LIVING RM., FAMILY RM., AND DINING AREAS. GREAT FOR ENTERTAINING KITCHEN IS WONDERFUL W/ROLLS OUT SHELVES AND GRANITE COUNTER TOPS. UPDATES OF HOME ARE; WINDOWS AND DOORS, GARAGE DOOR & OPENER, BRICK PAVERS, FLOORING 2019, STOVE, MICROWAVE & COUNTER TOPS 2019, SEWER RELINED, SOFT WATER CONDITIONER 2020, PAINTED INSIDE 2017, BLINDS 2019, TOILETS 2018, AND MORE!

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.
 

$314,550$384,450$349,500

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,290
Property Tax -$186
Property Insurance -$61
HOA -$41
Property Management Fees -$99
CASH FLOW
-$106

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.

$349,500

PROJECTED PRICE

$1,570

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,368

INVESTMENT

$98,368

Down Payment
$87,375
Rehab Estimate
$5,750
Closing Costs
$5,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,290

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,375
Loan Amount $262,125
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$16,473

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,699

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5704$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 11013 W White Mountain Road Sun City, AZ 3
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.91
    •  
  • 10805 W Hutton Drive Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1973
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.02
    •  
  • 10626 W Gulf Hills Drive Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1972
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.02
    •  
  • 10814 W Welk Drive Sun City, AZ 4
    • 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1974
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 10807 W Camelot Circle Sun City, AZ 5
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1969
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.00
    •  
PROPERTY LISTING DETAILS
Beatrice Mitchell
Tempus West Valley Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160429
Last Updated: 11/14/2020
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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