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11615 N Desert Hills Drive W Sun City, AZ 85351

3 Beds 2 Baths 1,385 sqft Built 1960

$229,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $165.34
  • 7 Days on Market
  • MLS # : 6173505
  • Updated Date : 12/21/2020 at 13:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,385 sqft
  • Baths : 1 full , 1 half
Listing Agent

Award Realty

Listing Agent's Description

This nice home has been well taken care of. Stuccoed exterior. All windows replaced to dual pane vinyl. Heat/A/C replaced 9/2020. Water heater replaced. Disposal replaced 11/2020. Sewer line replaced from house to street. Kitchen not original. Bathrooms have replaced vanities and toilets. Laminate flooring in Kit, LR/Din room & all 3 bedrooms. Tile in entry, hall, baths & Az Room. Az room is a step down. Interior doors replaced to 6 panel. 2 skylights (Kit & hall bath). 4 Ceiling fans. Verticals throughout. except slider. No popcorn ceilings. Inside laundry. Nice size storage/workshop/craft area. Fountain in back not working and will remain ''as is'' no repairs will be done. All measurements are approximate.

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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.
 

$206,100$251,900$229,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$845
Property Tax -$122
Property Insurance -$54
HOA -$4
Property Management Fees -$99
CASH FLOW
$166

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.

$229,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.56%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$35,566

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,364

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,2953$1,3504$1,3955$1,650
$1,650
RENT COMPS ANALYSIS
  • 11615 N Desert Hills Drive W Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.93
    •  
  • 12208 N Pebble Beach Drive Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1960
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.92
    •  
  • 10721 W Cherry Hills Drive W Sun City, AZ 3
    • 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1960
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.02
    •  
  • 9930 W Crosby Circle S Sun City, AZ 4
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1962
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
  • 10419 W Snead Drive Sun City, AZ 5
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1961
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.07
    •  
PROPERTY LISTING DETAILS
Patricia Ann Haines
Award Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173505
Last Updated: 12/21/2020
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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