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11041 N Madison Drive Sun City, AZ 85351

2 Beds 2 Baths 2,153 sqft Built 1962

$269,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $125.36
  • 6 Days on Market
  • MLS # : 6182814
  • Updated Date : 01/19/2021 at 16:54
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,153 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Must See! Golf Course Location! Newly remodeled kitchen with new cabinets and counter tops, New interior paint, New flooring in main living area and bedrooms, lots and lots of closet space, updated bathrooms one with walk in shower and new vanity. Lovely view of the fairway from the covered patio to enjoy mornings or evenings. Fab sunrises and a view of the water. Family room/great room has it's own separate entrance. Might be easy to convert to separate area. Skylights in kitchen and 2 car garage, nice size laundry room. Solar system is owned approx. 3.5 KW. Beautiful landscape with brick pavers, fruit trees and a easy care watering system. Sellers have invested many dollars in improvements. Sun City offers the best medical facilities around plus great golf, swimming, and activity club.

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.
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$937
Property Tax -$154
Property Insurance -$69
HOA -$41
Property Management Fees -$99
CASH FLOW
$169

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.

$269,900

PROJECTED PRICE

$1,470

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$32,087

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,471

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3503$1,4504$1,470
$1,470
RENT COMPS ANALYSIS
  • 11041 N Madison Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 2,153 Sqft ∙ Built 1962 2 beds 2 baths ∙ 2,153 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.68
    •  
  • 10109 W Ironwood Drive Sun City, AZ 1
    • 2 beds 3 baths ∙ 1,904 Sqft ∙ Built 1968 2 beds 3 baths ∙ 1,904 Sqft ∙ Built 1968
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.67
    •  
  • 12018 N Rio Vista Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,946 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,946 Sqft ∙ Built 1978
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.69
    •  
  • 12406 N 98th Avenue Sun City, AZ 3
    • 2 beds 2 baths ∙ 2,100 Sqft ∙ Built 1979 2 beds 2 baths ∙ 2,100 Sqft ∙ Built 1979
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.69
    •  
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 #: 6182814
Last Updated: 01/19/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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