Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11815 N Rio Vista Drive Sun City, AZ 85351

2 Beds 2 Baths 1,827 sqft Built 1978

$259,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $142.26
  • 3 Days on Market
  • MLS # : 6170527
  • Updated Date : 12/12/2020 at 16:37
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,827 sqft
  • Baths : 2 full
Listing Agent

Tempus West Valley Realty

Listing Agent's Description

COME SEE THIS LOVELY HOME ON A NICE QUIET CUL DE SAC IN QUAIL RUN WITH A 12,354 SQ. FT. LOT. THIS POPULAR ANNAPOLIS MODEL HAS 1,827 SQ. FT. WITH 2 BEDROOMS, 2 BATHS, A LARGE LIVING RM AND DINING AREA COMBINATION, COUNTRY KITCHEN WITH A WONDERFUL BREAKFAST AREA AND IS OPEN TO YOUR FAMILY ROOM WITH LOTS OF CABINETS AND SHELVING. LARGE LAUNDRY ROOM THAT WOULD MAKE A GREAT OFFICE OR HOBBY ROOM. SLIDING GLASS DOOR OFF THE BACK OF THE KITCHEN TAKES YOU OUT TO YOUR NICE PRIVATE BACK SCREENED IN PATIO WITH GREAT VIEWS OF YOUR BACKYARD. PER OWNER; 2018 LENNOX HEATING/COOLING, 2018 GARAGE DOOR AND LIFTMASTER GARAGE DOOR OPENER, 2017 ANDERSON WINDOWS IN LIVING RM., FAMILY RM, AND 2ND BEDROOM. 2017 INSTALLED ROOF, 2016 DISHWASHER, 2013 WALL OVEN, COOKTOP, AND MICROWAVE.

SEE MORE

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.
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$959
Property Tax -$138
Property Insurance -$63
HOA -$41
Property Management Fees -$99
CASH FLOW
$120

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.

$259,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.55%

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$31,729

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,329

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4203$1,4504$1,5255$1,550
$1,550
RENT COMPS ANALYSIS
  • 11815 N Rio Vista Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.78
    •  
  • 12018 N Rio Vista Drive Sun City, AZ 1
    • 2 beds 2 baths ∙ 1,946 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,946 Sqft ∙ Built 1978
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.69
    •  
  • 12406 N 98th Avenue Sun City, AZ 3
    • 2 beds 2 baths ∙ 2,100 Sqft ∙ Built 1979 2 beds 2 baths ∙ 2,100 Sqft ∙ Built 1979
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.69
    •  
  • 11662 N Rio Vista Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 2,025 Sqft ∙ Built 1978 2 beds 2 baths ∙ 2,025 Sqft ∙ Built 1978
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.75
    •  
  • 11407 N Floral Court Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978
    property image
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
PROPERTY LISTING DETAILS
Beatrice Mitchell
Tempus West Valley Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170527
Last Updated: 12/12/2020
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.

BESbswy