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11415 N 110th Drive Sun City, AZ 85351

3 Beds 2 Baths 1,574 sqft Built 1961

$299,900

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $190.53
  • 6 Days on Market
  • MLS # : 6175358
  • Updated Date : 01/02/2021 at 22:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,574 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Fantastic house with a view of the water on South Golf Course! 3 bedroom 2 bath home with fabulous upgrades. OPEN CONCEPT! Totally remodeled with granite counter tops, stainless steel appliances, all tile floor, lovely covered patio, inside laundry (new) tankless on demand hot water (new) golf cart garage, recessed lighting, dual pane (lifetime warranty) windows, custom window shades, kitchen island that is ideal for entertaining, easy care landscape both front and back. Gently lived in and meticulously maintained by snow birds that have only used the property for half years. This house is move in ready! Sun City offers the finest amenities for retirement including excellent medical facilities, low taxes, fitness centers, numerous clubs and volunteer opportunities. See this house today!

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.
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$1,107
Property Tax -$160
Property Insurance -$58
HOA -$41
Property Management Fees -$99
CASH FLOW
-$224

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.

$299,900

PROJECTED PRICE

$1,240

PROJECTED RENT

0.41%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,426

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,236

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2003$1,2214$1,2405$1,274
$1,274
RENT COMPS ANALYSIS
  • 11415 N 110th Drive Sun City, AZ 4
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.79
    •  
  • 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
    •  
  • 10825 W Canterbury Drive Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1961
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.79
    •  
  • 11007 N Madison Drive Sun City, AZ 3
    • 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
    •  
  • 10772 W Crosby Drive Sun City, AZ 5
    • 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
Linda M Warren
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175358
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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