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11836 N Desert Hills Drive W Sun City, AZ 85351

3 Beds 2 Baths 1,511 sqft Built 1960

$225,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $148.91
  • 4 Days on Market
  • MLS # : 6175949
  • Updated Date : 12/31/2020 at 21:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,511 sqft
  • Baths : 2 full
Listing Agent

Re/max Excalibur

Listing Agent's Description

Welcome to Sun City! This 55+ community is dedicated to a more leisurely lifestyle & unending choice of recreation for the retired, active adults. This home is located on a prime golf course lot on a quiet street. This value added opportunity has so much potential. Great open floorpan with 3 BR, 2 BA, Arizona Room & lots of storage space. The community offers multiple recreation centers, swimming, sports courts, fitness enters and social halls.

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.
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$830
Property Tax -$120
Property Insurance -$57
HOA -$4
Property Management Fees -$99
CASH FLOW
$181

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.

$225,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.57%

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

9.83

YEARS SAVED

$37,033

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
  • $1,284

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,2004$1,2955$1,425
$1,425
RENT COMPS ANALYSIS
  • 11836 N Desert Hills Drive W Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10825 W Canterbury Drive Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1961
    property image
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.79
    •  
  • 12076 N Pebble Beach Drive Sun City, AZ 3
    • 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
    •  
  • 12208 N Pebble Beach Drive Sun City, AZ 4
    • 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1960
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.92
    •  
  • 12214 N Thunderbird Road Sun City, AZ 5
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1960
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.88
    •  
PROPERTY LISTING DETAILS
Dan Gonen
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175949
Last Updated: 12/31/2020
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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