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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $210.05
- 4 Days on Market
- MLS # : 6167345
- Updated Date : 12/04/2020 at 12:29
CONSTRUCTION
- Beds : 3
- Floor Size : 1,523 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Phoenix
Listing Agent's Description
Beautiful - 3 bedroom, 2 bath home immaculately maintained. Pride of ownership shows throughout. Two-car garage. Lots of storage space. Oversized lot. Desert landscaping in front and back. Gorgeous backyard paver walkway and patio BBQ area & private pool. Reverse Osmosis water system. Water Softener with drinking water filtration system. Kitchen breakfast nook with bay window. Dual Pane Windows and Sunscreens throughout. Plus: New Roof - 2020; New A/C - 2017; New Water Heater - Security doors on front and rear of house. Property has a Sun City address but is in Peoria Tax Municipality. This home WILL NOT LAST LONG!!!
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PRICE & RENT TRENDS
Neighborhood: South Bay at Ventana Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Bay at Ventana Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$1,180 |
| Property Tax | -$232 | |
| Property Insurance | -$57 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$198
|
||
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.
$319,900
PROJECTED PRICE
$1,400
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,524
LOAN DETAILS
$1,180
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
2.5
YEARS SAVED
$7,567
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,458
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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11050 W Tonto Lane Sun City, AZ 1
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10505 W Tonopah Drive Peoria, AZ 2
- 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1989
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,400
- $0.90
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19565 N 110th Lane Sun City, AZ 3
- 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2003
LEASED 10/23/20- Rent
- Rent Per SQFT
- $1,495
- $0.93
-
20966 N 108th Lane Sun City, AZ 4
- 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1995
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,575
- $1.07
-
10748 W Beaubien Drive Sun City, AZ 5
- 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1996
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,575
- $0.93
PROPERTY LISTING DETAILS
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167345
Last Updated: 12/04/2020
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.
