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11722 W Planada Court Sun City, AZ 85373

4 Beds 3 Baths 2,100 sqft Built 2006

$379,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $180.48
  • 4 Days on Market
  • MLS # : 6156409
  • Updated Date : 11/07/2020 at 19:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,100 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Beautiful home on a cul-de-sac street in Crossriver. This 4 bedroom home was beautifully remodeled in 2020 featuring new kitchen granite counter tops, new cabinets, new appliances and walk-in pantry. New tile flooring throughout the entire downstairs and remodeled downstairs bathroom. Downstairs has large open floor plan with bonus room that can be used as an office. The upstairs laundry room and master bathroom were remodeled in 2019. Backyard has a pool and a fire pit for entertaining and enjoyment. The solar panels are owned, not leased. This is not an age restricted address in Sun City. Owner Agent Related

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
 

$341,100$416,900$379,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,398
Property Tax -$306
Property Insurance -$68
HOA -$65
Property Management Fees -$99
CASH FLOW
-$396

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.

$379,000

PROJECTED PRICE

$1,540

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$8.0k

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$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,301

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,649

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,6004$1,7955$1,796
$1,796
RENT COMPS ANALYSIS
  • 11722 W Planada Court Sun City, AZ 1
    • 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11808 W Planada Lane Sun City, AZ 2
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2006
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.76
    •  
  • 11841 W Planada Court Sun City, AZ 3
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2006
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
  • 23451 N El Frio Court Sun City, AZ 4
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2006
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
  • 11836 W Camino Vivaz -- Sun City, AZ 5
    • 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2006
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,796
    • $0.81
    •  
PROPERTY LISTING DETAILS
Terri Gades
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156409
Last Updated: 11/07/2020
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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