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11817 N Desert Hills Drive W Sun City, AZ 85351

2 Beds 2 Baths 1,352 sqft Built 1960

$220,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $162.72
  • 3 Days on Market
  • MLS # : 6187211
  • Updated Date : 01/29/2021 at 15:38
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,352 sqft
  • Baths : 2 full
Listing Agent

M.a.z. Realty Professionals

Listing Agent's Description

Spacious 2 bedroom 2 bath home. Fully enclosed AZ room. Block construction. Large utility room.

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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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Valley Vista High School High Unknown NA

Valley Vista High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$764
Property Tax -$117
Property Insurance -$54
HOA -$41
Property Management Fees -$99
CASH FLOW
$425

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.

$220,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.68%

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$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

14.42

YEARS SAVED

$51,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,291

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1003$1,2004$1,2505$1,500
$1,500
RENT COMPS ANALYSIS
  • 11817 N Desert Hills Drive W Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,352 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,352 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.11
    •  
  • 10135 W Pebble Beach Drive Sun City, AZ 1
    • 2 beds 1 baths ∙ 1,228 Sqft ∙ Built 1962 2 beds 1 baths ∙ 1,228 Sqft ∙ Built 1962
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.90
    •  
  • 10824 W Connecticut Avenue Sun City, AZ 2
    • 2 beds 1 baths ∙ 1,161 Sqft ∙ Built 1961 2 beds 1 baths ∙ 1,161 Sqft ∙ Built 1961
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.95
    •  
  • 10531 W Connecticut Avenue Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,199 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,199 Sqft ∙ Built 1961
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.00
    •  
  • 10131 W Palmer Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,288 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,288 Sqft ∙ Built 1963
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.97
    •  
PROPERTY LISTING DETAILS
Tina M Crook
M.a.z. Realty Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187211
Last Updated: 01/29/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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