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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Sun City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
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
-
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
Az Lane Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6206884
Last Updated: 03/13/2021
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.
