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11712 W Patrick Court Sun City, AZ 85373

4 Beds 3 Baths 3,101 sqft Built 2006

$395,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $127.67
  • 4 Days on Market
  • MLS # : 6154302
  • Updated Date : 10/31/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,101 sqft
  • Baths : 3 full
Listing Agent

New Venture Realty

Listing Agent's Description

This is a great large two story house with plenty of room in a Cull-de-Sack, The home is still occupied by the original home owner who has taken excellent care of it. It has a living room, great room, den/office, with a loft upstairs with four bedrooms upstairs including the master bed room. The house has three full bathrooms including the master bath with a separate tub and shower and a large walk in closet. Great desert landscaping front and back.

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
 

$356,310$435,490$395,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,461
Property Tax -$311
Property Insurance -$88
HOA -$65
Property Management Fees -$99
CASH FLOW
-$13

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.

$395,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.51%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,664

INVESTMENT

$110,664

Down Payment
$98,975
Rehab Estimate
$5,750
Closing Costs
$5,939

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,461

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,975
Loan Amount $296,925
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$24,204

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,388

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,010
1$2,0102$2,0953$2,2004$2,2505$2,295
$2,295
RENT COMPS ANALYSIS
  • 11712 W Patrick Court Sun City, AZ 1
    • 4 beds 3 baths ∙ 3,101 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,101 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.65
    •  
  • 11757 W Montana De Oro Drive Sun City, AZ 2
    • 5 beds 3 baths ∙ 2,791 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,791 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.75
    •  
  • 10827 W Bronco Trail Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,808 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,808 Sqft ∙ Built 2016
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 10544 W Alex Avenue Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2003
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.78
    •  
  • 10618 W Lone Cactus Drive Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2003
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.77
    •  
PROPERTY LISTING DETAILS
Lawrence Ruffe
New Venture Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154302
Last Updated: 10/31/2020
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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