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11711 W Patrick Court W Sun City, AZ 85373

3 Beds 2 Baths 1,928 sqft Built 2006

$340,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $176.35
  • 6 Days on Market
  • MLS # : 6153429
  • Updated Date : 10/29/2020 at 18:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,928 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This is an original home owner. The home has been well taken care of and is located on a premium lot. There are no neighbors on the left and none behind. There is a glass enclosed room on the rear of the home which seems to bring the beautiful outside in.Bosh dishwasher and stainless appliances in the kitchen. Nice newer washer and dryer. There are processed wood floors, and tile. Nice landscaping front and back. The home was freshly painted last month. Come see this really nice place.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crossriver

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $83k358k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Crossriver

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8661981

* 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
Zuni Hills Elementary School Primary Regular 849 40 7
Zuni Hills Elementary School Middle Regular 849 40 7
Liberty High School High Regular 2,141 93 6

Zuni Hills Elementary School

  • Education Level: Primary
  • # of students: 849
  • # of teachers: 40
7
GreatSchools Rating

Zuni Hills Elementary School

  • Education Level: Middle
  • # of students: 849
  • # of teachers: 40
7
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,141
  • # of teachers: 93
6
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,254
Property Tax -$267
Property Insurance -$65
HOA -$65
Property Management Fees -$99
CASH FLOW
-$350

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$340,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,328

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,552

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4953$1,5954$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 11711 W Patrick Court W Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
  • 12024 W Louise Court Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2008
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.78
    •  
  • 11808 W Planada Lane Sun City, AZ 3
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2006
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.76
    •  
  • 11841 W Planada Court Sun City, AZ 4
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2006
    property image
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
  • 11832 W Donald Drive Sun City, AZ 5
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2012
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
PROPERTY LISTING DETAILS
Sue Klima
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153429
Last Updated: 10/29/2020
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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