Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11041 N 110th Drive Sun City, AZ 85351

2 Beds 1 Baths 1,104 sqft Built 1962

$217,500

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $197.01
  • 6 Days on Market
  • MLS # : 6155592
  • Updated Date : 11/06/2020 at 18:35
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,104 sqft
  • Baths : 1 full
Listing Agent

Homesmart

Listing Agent's Description

A GEM! Fabulous and Fun Single Family Home situated on generous size lot in the 55+ City of Sun City, Arizona! Built in the 60's features Block Construction, remodeled in the 2018 & 19 offer's new Roof 2019, Popcorn Acoustic Ceilings removed, upgraded Electrical Panel, designer updates, including the stunning staggered same design Tile throughout home and yes, NO CARPET. Newer Stackable Washer & Dryer, and Refrigerator shall convey. Kitchen has Farmer's Sink, Glass tile backsplash, a GAS Range, Yes, GAS, and offset Island for all of your entertaining needs! Open Floor plan features separate Family Room and Spacious Dining Room with upgraded lighting with Ceiling Fans. Generous Storage throughout Interior of Home, as well as separate outside Storage with that extra space with shelving

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.
 

$195,750$239,250$217,500

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$802
Property Tax -$116
Property Insurance -$49
HOA -$41
Property Management Fees -$99
CASH FLOW
$63

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.

$217,500

PROJECTED PRICE

$1,170

PROJECTED RENT

0.54%

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$900k

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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,388

INVESTMENT

$63,388

Down Payment
$54,375
Rehab Estimate
$5,750
Closing Costs
$3,263

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$802

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,375
Loan Amount $163,125
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$22,408

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
  • $1,170

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0903$1,1254$1,1455$1,350
$1,350
RENT COMPS ANALYSIS
  • 11041 N 110th Drive Sun City, AZ 1
    • 2 beds 1 baths ∙ 1,104 Sqft ∙ Built 1962 2 beds 1 baths ∙ 1,104 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11375 N 112th Drive Youngtown, AZ 2
    • 2 beds 1 baths ∙ 1,176 Sqft ∙ Built 1957 2 beds 1 baths ∙ 1,176 Sqft ∙ Built 1957
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $0.93
    •  
  • 11202 N Madison Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,070 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,070 Sqft ∙ Built 1961
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $1.05
    •  
  • 10821 W Crosby Drive Sun City, AZ 4
    • 2 beds 1 baths ∙ 984 Sqft ∙ Built 1961 2 beds 1 baths ∙ 984 Sqft ∙ Built 1961
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,145
    • $1.16
    •  
  • 11418 N 109th Avenue Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,226 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,226 Sqft ∙ Built 1961
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.10
    •  
PROPERTY LISTING DETAILS
Charlene Macko
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155592
Last Updated: 11/06/2020
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.

BESbswy