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11202 N 109th Avenue Sun City, AZ 85351

3 Beds 3 Baths 1,876 sqft Built 1961

$300,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $159.91
  • 2 Days on Market
  • MLS # : 6206884
  • Updated Date : 03/13/2021 at 08:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,876 sqft
  • Baths : 3 full
Listing Agent

Az Lane Realty

Listing Agent's Description

Looking for a new place to call home? You've found it! Located in Sun City, this 3 bed, 3 bath residence boasts desert landscaping with 1 carport parking space, and sits on community's lush golf course! The interior boasts a dining/living area, a cozy Arizona room, and an elegant kitchen equipped with ample cabinetry and appliances including a wall oven. Inside the beautiful master bedroom you will find a private exit, a full bath, and two spacious walk-in closets! Finally, the charming backyard covered patio is the perfect place for spending a relaxing summer evening!

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Valley Vista High School High Unknown NA

Valley Vista High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,042
Property Tax -$160
Property Insurance -$64
HOA -$41
Property Management Fees -$99
CASH FLOW
$155

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.

$300,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.52%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$32,795

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,435

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2213$1,2254$1,2745$1,560
$1,560
RENT COMPS ANALYSIS
  • 11202 N 109th Avenue Sun City, AZ 5
    • 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1961 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.83
    •  
  • 11388 N 111th Avenue Youngtown, AZ 1
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1958
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.76
    •  
  • 11007 N Madison Drive Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1962
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,221
    • $0.78
    •  
  • 11032 W Canterbury Drive Sun City, AZ 3
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1960
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.71
    •  
  • 10772 W Crosby Drive Sun City, AZ 4
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1961
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,274
    • $0.81
    •  
PROPERTY LISTING DETAILS
Lori L Lane
Az Lane Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206884
Last Updated: 03/13/2021
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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