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11608 N Hagen Drive Sun City, AZ 85351

2 Beds 1 Baths 1,134 sqft Built 1963

$185,000

List Price

$1,060

$954 - $1.2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $163.14
  • 3 Days on Market
  • MLS # : 6167924
  • Updated Date : 12/04/2020 at 20:29
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,134 sqft
  • Baths : 1 full
Listing Agent

Sun Cactus Realty, Llc

Listing Agent's Description

So much to love. Fantastic 2 bedroom 1 bath home with a single bay carport built out of block in the original Sun City! Check out this adorable kitchen. New hood over the stove and vintage tile add charm and character to the property. Backyard is completely fenced in. The home inspection from March of 2020 is available upon request for review.

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.
 

$166,500$203,500$185,000

PURCHASE PRICE

$954$1,166$1,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,060
EXPENSES Loan Payment -$683
Property Tax -$98
Property Insurance -$49
HOA -$3
Property Management Fees -$99
CASH FLOW
$127

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.

$185,000

PROJECTED PRICE

$1,060

PROJECTED RENT

0.57%

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

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$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$27,614

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,060

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,066

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,060
1$1,0602$1,0753$1,1004$1,2505$1,250
$1,250
RENT COMPS ANALYSIS
  • 11608 N Hagen Drive Sun City, AZ 1
    • 2 beds 1 baths ∙ 1,134 Sqft ∙ Built 1963 2 beds 1 baths ∙ 1,134 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,060
    • $0.93
    •  
  • 10212 W Desert Hills Drive Sun City, AZ 2
    • 2 beds 1 baths ∙ 1,134 Sqft ∙ Built 1963 2 beds 1 baths ∙ 1,134 Sqft ∙ Built 1963
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.95
    •  
  • 10135 W Pebble Beach Drive Sun City, AZ 3
    • 2 beds 1 baths ∙ 1,228 Sqft ∙ Built 1962 2 beds 1 baths ∙ 1,228 Sqft ∙ Built 1962
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.90
    •  
  • 10025 W Riviera Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,330 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,330 Sqft ∙ Built 1963
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.94
    •  
  • 10131 W Palmer Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,288 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,288 Sqft ∙ Built 1963
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.97
    •  
PROPERTY LISTING DETAILS
Susan Nicolson
Sun Cactus Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167924
Last Updated: 12/04/2020
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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