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11606 N Rio Vista Drive Sun City, AZ 85351

2 Beds 2 Baths 1,774 sqft Built 1978

$319,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $179.82
  • 4 Days on Market
  • MLS # : 6195868
  • Updated Date : 02/18/2021 at 17:47
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,774 sqft
  • Baths : 2 full
Listing Agent

Tempus West Valley Realty

Listing Agent's Description

WONDERFUL LOCATION ON THE 6TH HOLE OF QUAIL RUN GOLF COURSE. THIS SINGLE FAMILY HOME IS AN H765 MODEL, THE WILMINGTON, FEATURING NICE TILED FRONT PORCH, LARGE LIVING ROOM WITH A SLIDING DOOR TO YOUR LARGE TILED, COVERED BACK PATIO WITH VIEWS OF THE GOLF COURSE. FORMAL DINING ROOM WITH LARGE PICTURE WINDOW, EAT-IN KITCHEN, REFACED CABINETS WITH PANTRY, SLIDING DOOR OUT TO BACK PATIO, LARGE LAUNDRY/HOBBY ROOM THAT IS A/C COOLED AND HEATED. 2 BEDROOMS BOTH WITH WALK-IN CLOSETS, 2 BATHS THAT HAVE BEEN REMODELED, TWO CAR GARAGE WITH LOTS OF STORAGE AND OVER 1700 SQ. FT. HOME IS NORTH/SOUT FACING.

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
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,108
Property Tax -$170
Property Insurance -$62
HOA -$41
Property Management Fees -$99
CASH FLOW
-$100

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.

$319,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.43%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,108

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$11,629

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,375

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,2503$1,3504$1,3805$1,550
$1,550
RENT COMPS ANALYSIS
  • 11606 N Rio Vista Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,774 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,774 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.78
    •  
  • 11275 N 99th Avenue #72 Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,441 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,441 Sqft ∙ Built 1992
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.76
    •  
  • 11834 N Sun Valley Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,440 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,440 Sqft ∙ Built 1978
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.87
    •  
  • 12018 N Rio Vista Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,946 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,946 Sqft ∙ Built 1978
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.69
    •  
  • 11407 N Floral Court Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
PROPERTY LISTING DETAILS
Audrey Vickers
Tempus West Valley Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195868
Last Updated: 02/18/2021
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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