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PROPERTY INFO
FACTS
- Single Family
- Built In 1961
- Price/Sqft : $190.78
- 2 Days on Market
- MLS # : 6209909
- Updated Date : 03/20/2021 at 02:03
CONSTRUCTION
- Beds : 3
- Floor Size : 1,389 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
This beautiful Sun City home on the GOLF COURSE has had outstanding care and maintenance. Enjoy expansive golf course views from the large covered patio, and indoors from the AZ room with a fireplace. Fantastic list of upgrades includes the ROOF and A/C replaced in 2019, updates to kitchen and floors, dual pane windows, sewer line to the house replaced, stucco exterior, and popcorn ceilings removed. What a great place to call HOME!
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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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,210 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$141 | |
| Property Insurance | -$54 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$46
|
||
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.
$265,000
PROJECTED PRICE
$1,210
PROJECTED RENT
0.46%
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
$75,975
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
4.58
YEARS SAVED
$12,266
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,210
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,208
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
11817 N Cherry Hills Drive E Sun City, AZ 3
- 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 1961
![property image]()
- Rent
- Rent Per SQFT
- $1,210
- $0.87
-
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
![property image]()
LEASED 02/20/21- Rent
- Rent Per SQFT
- $1,175
- $0.85
-
12076 N Pebble Beach Drive Sun City, AZ 2
- 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1960
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,200
- $0.81
-
11836 N Desert Hills Drive W Sun City, AZ 4
- 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1960
![property image]()
LEASED 02/25/21- Rent
- Rent Per SQFT
- $1,300
- $0.86
-
10236 W Pinehurst Drive Sun City, AZ 5
- 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1963
![property image]()
LEASED 03/17/21- Rent
- Rent Per SQFT
- $1,450
- $0.96
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6209909
Last Updated: 03/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
