Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11442 N Coggins Drive Sun City, AZ 85351

2 Beds 1 Baths 984 sqft Built 1962

$197,900

List Price

$1,060

$954 - $1.2K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $201.12
  • 6 Days on Market
  • MLS # : 6180252
  • Updated Date : 01/20/2021 at 15:19
CONSTRUCTION
  • Beds : 2
  • Floor Size : 984 sqft
  • Baths : 1 full
Listing Agent

Homesmart

Listing Agent's Description

Beautifully updated and nicely maintained MOVE IN READY home in this great Over 55 Sun City location! Granite Counter tops, Newer cabinets, Black stainless appliances, washer and dryer included! Freshly painted interior with Open Floor plan. Solar Leased panels for low utility bills! AC replaced in 2012. Roof 2006. Full Kitchen Remodel 2018 and Includes all appliances!!! Tons of storage in side shed and the one car garage.. Close to shopping, golfing in this perfect adult community to enjoy the amenities, the beautiful Arizona weather and enjoy life!! Come take a look...you will not be disappointed!

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.
 

$178,110$217,690$197,900

PURCHASE PRICE

$954$1,166$1,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,060
EXPENSES Loan Payment -$687
Property Tax -$105
Property Insurance -$46
HOA -$41
Property Management Fees -$99
CASH FLOW
$81

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.

$197,900

PROJECTED PRICE

$1,060

PROJECTED RENT

0.54%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,194

INVESTMENT

$58,194

Down Payment
$49,475
Rehab Estimate
$5,750
Closing Costs
$2,969

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$687

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,475
Loan Amount $148,425
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$19,080

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $977

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0003$1,0504$1,0755$1,100
$1,100
RENT COMPS ANALYSIS
  • 11442 N Coggins Drive Sun City, AZ 1
    • 2 beds 1 baths ∙ 984 Sqft ∙ Built 1962 2 beds 1 baths ∙ 984 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12206 N Lakeforest Drive Sun City, AZ 2
    • 2 beds 1 baths ∙ 918 Sqft ∙ Built 1978 2 beds 1 baths ∙ 918 Sqft ∙ Built 1978
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $1.09
    •  
  • 12243 N Balboa Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,110 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,110 Sqft ∙ Built 1978
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.95
    •  
  • 10212 W Desert Hills Drive Sun City, AZ 4
    • 2 beds 1 baths ∙ 1,134 Sqft ∙ Built 1963 2 beds 1 baths ∙ 1,134 Sqft ∙ Built 1963
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.95
    •  
  • 11201 N 105th Avenue Sun City, AZ 5
    • 2 beds 1 baths ∙ 1,127 Sqft ∙ Built 1961 2 beds 1 baths ∙ 1,127 Sqft ∙ Built 1961
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Sheila Touhey
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180252
Last Updated: 01/20/2021
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.

BESbswy