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

11952 W Monte Lindo Lane Sun City, AZ 85373

3 Beds 3 Baths 2,227 sqft Built 2007

INVESTimate

$349,900

List Price

$1,640

$1,476 - $1,804

Rent Est.

$373,273  ( +6.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $157.12
  • 6 Days on Market
  • MLS # : 6120344
  • Updated Date : 08/21/2020 at 00:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,227 sqft
  • Baths : 2 full , 1 half
Listing Agent

Swallows & Associates Realty

Listing Agent's Description

*NOT AGE RESTRICTED* TOP RATED PEORIA SCHOOLS* GREAT CROSSRIVER LOCATION IN A QUIET INTERIOR LOT* Clean and move in ready! 3 car split garage, RV gate and large side yard, 9' ceilings and 8' doors throughout, 3 bedrooms and a den that could easily be closed off to make a 4th bedroom. Huge great room w/ ss open to nice sized kitchen with 42'' cabinets, black appliances, granite counters, b/i microwave, undermount sink and separate range in the island. 20'' tile everywhere but bedrooms and den Master is split & large with bay window, garden tub and shower, w/i closet and raised vanity w/ double sinks. Additional features include 2'' wood blinds throughout, custom drapes and roman shades in the den, brushed nickel fixtures throughout. Back patio is extended w/ surround sound & mountain view

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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

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$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,291
Property Tax -$275
Property Insurance -$71
HOA -$65
Property Management Fees -$99
CASH FLOW
-$160

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.

$349,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.68%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,983

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,709

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6404$1,6505$1,795
$1,795
RENT COMPS ANALYSIS
  • 11952 W Monte Lindo Lane Sun City, 3
    • 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.74
    •  
  • 11808 W Planada Lane Sun City, 1
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2006
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.76
    •  
  • 11841 W Planada Court Sun City, 2
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2006
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
  • 11804 W Montana De Oro Drive Sun City, 4
    • 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2005
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
  • 23451 N El Frio Court Sun City, 5
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2006
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
PROPERTY LISTING DETAILS
Tabor M Swallows-vinck
Swallows & Associates Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120344
Last Updated: 08/21/2020
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