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11078 W Burnett Road Sun City, AZ 85373

2 Beds 2 Baths 1,792 sqft Built 1995

$335,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $186.94
  • 3 Days on Market
  • MLS # : 6164722
  • Updated Date : 11/27/2020 at 11:50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,792 sqft
  • Baths : 2 full
Listing Agent

Prosmart Realty

Listing Agent's Description

A gorgeous single level home nestled on a quiet cul-de-sac can now be yours! This beauty offers desert landscaping, 3 car garage, and an RV gate. Well maintained interior boasts a spacious living/dining room, tile flooring in high traffic areas, vaulted ceilings, a den with built-in cabinets ideal for a dry bar, and a bright & airy family room. The spotless kitchen is comprised of stainless steel appliances, ample cabinetry, granite countertops, an island, and a breakfast nook with access to the back patio. The master suite has carpet, a bay window, and a full ensuite with double sinks, a separate tub & shower, and a spacious walk-in closet. The backyard is a private oasis with a cozy fire pit, built-in BBQ, blue pool, and a covered patio with Saltillo tile. New Interior paint and Carpet.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ventana Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k280k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Ventana Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8661837

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Parkridge Elementary School Primary Regular 896 41 9
Parkridge Elementary School Middle Regular 896 41 9
Sunrise Mountain High School High Regular 1,675 72 7

Parkridge Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 41
9
GreatSchools Rating

Parkridge Elementary School

  • Education Level: Middle
  • # of students: 896
  • # of teachers: 41
9
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 1,675
  • # of teachers: 72
7
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,236
Property Tax -$243
Property Insurance -$62
HOA -$35
Property Management Fees -$99
CASH FLOW
-$6

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.

$335,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
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$5.0k$10k$15k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$23,478

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,505

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4003$1,4754$1,6705$1,695
$1,695
RENT COMPS ANALYSIS
  • 11078 W Burnett Road Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,792 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,792 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.93
    •  
  • 19608 N Signal Butte Circle Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,552 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,552 Sqft ∙ Built 1977
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.90
    •  
  • 19826 N Concho Circle Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1977
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.77
    •  
  • 18629 N Kiva Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,896 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,896 Sqft ∙ Built 1976
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.78
    •  
  • 19937 N 109th Avenue Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,869 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,869 Sqft ∙ Built 1999
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
PROPERTY LISTING DETAILS
Brian Kulpaca
Prosmart Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164722
Last Updated: 11/27/2020
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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