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11948 W Candelaria Court Sun City, AZ 85373

3 Beds 2 Baths 1,712 sqft Built 2008

$319,999

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $186.92
  • 2 Days on Market
  • MLS # : 6160491
  • Updated Date : 11/13/2020 at 20:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,712 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

NOT AGE RESTRICTED! Pre-Inspected and move in ready!!! This home is the 2nd largest lot in the community and welcomes you with upgraded landscape, North/South exposure and custom sunscreens on the dual pane windows. Enter into the kitchen that offers open floor plan, recessed lites, upgraded cabinets with Crown topper, and hanging pendant lights! Also ''indirect lighting'' and plantation shutters in the kitchen gives it a warm feel. Over sized bedrooms, home is wired for 5.1 Surround Sound, and the fridge stays! The garage is a ''handymans paradise'' with lots of extra shelving, addition electrical and the AC unit in the garage stays! The back patio has been decked out with Recessed lights ,additional outside storage and the really cool space heater stays! Rv gate and RV parking too!!

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
 

$287,999$351,999$319,999

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,181
Property Tax -$251
Property Insurance -$61
HOA -$65
Property Management Fees -$99
CASH FLOW
-$167

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.

$319,999

PROJECTED PRICE

$1,490

PROJECTED RENT

0.47%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $239,999
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$7,960

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
  • $1,596

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4954$1,5755$1,650
$1,650
RENT COMPS ANALYSIS
  • 11948 W Candelaria Court Sun City, AZ 1
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11968 W Dos Rios Drive Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2006
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.91
    •  
  • 12015 W Camino Vivaz -- Sun City, AZ 3
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2006
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
  • 23732 N 118th Lane Sun City, AZ 4
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2005
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.93
    •  
  • 11832 W Donald Drive Sun City, AZ 5
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2012
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
PROPERTY LISTING DETAILS
Theresa Mattern
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160491
Last Updated: 11/13/2020
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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