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11101 W Palmeras Drive Sun City, AZ 85373

3 Beds 2 Baths 1,683 sqft Built 1974

$279,900

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $166.31
  • 7 Days on Market
  • MLS # : 6158020
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,683 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Come see this lovely 3 bed Sun City home with a BONUS room. This property has a block wall around the backyard and fresh carpet in the bedrooms!Enjoy this entertainers backyard fully landscaped featuring artificial grass, and an enclosed patio. The property has a fresh coat of paint and is ready for its new owners. Car enthusiasts will love the epoxy finish on the garage floor. Make your appointment today to see this lovely property. Age restricted community.

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.
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,033
Property Tax -$152
Property Insurance -$60
HOA -$7
Property Management Fees -$99
CASH FLOW
-$10

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.

$279,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.48%

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-$2.0k$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$20,110

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,414

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3403$1,3954$1,4005$1,700
$1,700
RENT COMPS ANALYSIS
  • 11101 W Palmeras Drive Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.80
    •  
  • 17809 N Monte Vista Court Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1975
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.86
    •  
  • 10618 W Welk Drive Sun City, AZ 3
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1975
    property image
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 11201 W Pueblo Court Sun City, AZ 4
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1974
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.78
    •  
  • 10814 W Welk Drive Sun City, AZ 5
    • 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1974
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
PROPERTY LISTING DETAILS
James J Pyburn
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158020
Last Updated: 11/13/2020
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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