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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $198.06
- 3 Days on Market
- MLS # : 6176126
- Updated Date : 01/02/2021 at 15:33
CONSTRUCTION
- Beds : 2
- Floor Size : 1,186 sqft
- Baths : 2 full
Listing Agent
Revinre
Listing Agent's Description
This charming single family home sits on a large lot, boasts many updates, has a lush backyard with mature trees, two covered porches and is conveniently located to shopping & dining. A beautifully laid out floor plan with brand new flooring throughout, new carpets in all bedrooms and all interior and exterior has new paint as well! Head on over and see your bright & fully updated kitchen, that also offers a comfortable dine-in area for entertaining. Brand new water heater. All bathrooms have been fully updated, and the master bath also has a private toilet room. Unwind from the day in the comfort of your covered patio overlooking a spacious backyard, nestled by mature trees. This is a beautifully updated home that is 'move in ready'.
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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
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,280 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$125 | |
| Property Insurance | -$50 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$98
|
||
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.
$234,900
PROJECTED PRICE
$1,280
PROJECTED RENT
0.54%
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
$67,999
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,725 |
| Loan Amount | $176,175 |
7.67
YEARS SAVED
$27,553
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,147
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
12210 N Balboa Drive Sun City, AZ 1
- 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 1978
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
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12259 N Augusta Drive Sun City, AZ 2
- 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1959
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LEASED 01/23/20- Rent
- Rent Per SQFT
- $1,100
- $0.94
-
11275 N 99th Avenue #37 Peoria, AZ 3
- 3 beds 2 baths ∙ 1,177 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,177 Sqft ∙ Built 1993
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,100
- $0.93
-
9930 W Crosby Circle S Sun City, AZ 4
- 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1962
![property image]()
LEASED 06/30/20- Rent
- Rent Per SQFT
- $1,395
- $0.93
-
10419 W Snead Drive Sun City, AZ 5
- 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1961
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,650
- $1.07
PROPERTY LISTING DETAILS
Revinre
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176126
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
