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11219 N 109th Avenue Sun City, AZ 85351

2 Beds 1 Baths 918 sqft Built 1961

$179,900

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $195.97
  • 2 Days on Market
  • MLS # : 6209827
  • Updated Date : 03/20/2021 at 20:59
CONSTRUCTION
  • Beds : 2
  • Floor Size : 918 sqft
  • Baths : 1 full
Listing Agent

Homesmart

Listing Agent's Description

What an opportunity! Delightful home in the well-known adult community of Sun City. This beauty offers carport parking and low-maintenance landscaping. The welcoming interior includes a spacious living room, carpet in all the right places, and tons of natural light. Lovely eat-in kitchen features oak cabinets, lots of counter space, a peninsula w/breakfast bar, and an electric cook-top. Enjoy relaxing on a nice afternoon while contemplating incredible sunsets from your back patio. This community has a resort-style pool perfect for summer. Conveniently located near the golf course, shopping, and Hwy 60. Don't wait any longer and book a showing before it's too late!

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
 

$161,910$197,890$179,900

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$625
Property Tax -$96
Property Insurance -$45
Property Management Fees -$99
CASH FLOW
$245

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.

$179,900

PROJECTED PRICE

$1,110

PROJECTED RENT

0.62%

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$100k$200k$300k$400k$500k$600k$700k$800k

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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

12.42

YEARS SAVED

$35,005

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,008

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,110
1$1,1102$1,1253$1,1454$1,1505$1,200
$1,200
RENT COMPS ANALYSIS
  • 11219 N 109th Avenue Sun City, AZ 1
    • 2 beds 1 baths ∙ 918 Sqft ∙ Built 1961 2 beds 1 baths ∙ 918 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $1.21
    •  
  • 11202 N Madison Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,070 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,070 Sqft ∙ Built 1961
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $1.05
    •  
  • 10821 W Crosby Drive Sun City, AZ 3
    • 2 beds 1 baths ∙ 984 Sqft ∙ Built 1961 2 beds 1 baths ∙ 984 Sqft ∙ Built 1961
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,145
    • $1.16
    •  
  • 10701 W Cherry Hills Drive W Sun City, AZ 4
    • 2 beds 1 baths ∙ 1,098 Sqft ∙ Built 1960 2 beds 1 baths ∙ 1,098 Sqft ∙ Built 1960
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.05
    •  
  • 12001 N Pebble Beach Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,065 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,065 Sqft ∙ Built 1960
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.13
    •  
PROPERTY LISTING DETAILS
Rebecca Strange-saavedra
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209827
Last Updated: 03/20/2021
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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