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11056 W Oak Ridge Road Sun City, AZ 85351

3 Beds 2 Baths 1,465 sqft Built 1973

$265,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $180.89
  • 3 Days on Market
  • MLS # : 6161342
  • Updated Date : 11/20/2020 at 11:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,465 sqft
  • Baths : 2 full
Listing Agent

Libertas Real Estate

Listing Agent's Description

LARGE corner lot with great covered back patio to enjoy the awesome Az weather. Front and back yards are very low maintenance with nice bushes and shrubs to enjoy. New beautiful dark wood laminate flooring and ALL NEW windows! Popcorn coating has been removed from all ceilings and repainted. Inside laundry room with two year old washer and dryer. Also includes refrigerator and stand up freezer in kitchen.

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.
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$978
Property Tax -$141
Property Insurance -$56
HOA -$4
Property Management Fees -$99
CASH FLOW
$53

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.

$265,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.50%

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

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$25,537

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
  • $1,447

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1953$1,4504$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 11056 W Oak Ridge Road Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10319 W Cameo Drive Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1970
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.92
    •  
  • 16222 N Agua Fria Drive Sun City, AZ 3
    • 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
    •  
    • $1,450
    • $0.99
    •  
  • 10805 W Hutton Drive Sun City, AZ 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Carie C Bowlan
Libertas Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161342
Last Updated: 11/20/2020
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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