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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City
* 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.
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,435
LOAN DETAILS
$845
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,250 |
| Loan Amount | $171,750 |
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
-
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
Award Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173505
Last Updated: 12/21/2020
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.
