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12230 N Cherry Hills Drive W Sun City, AZ 85351

2 Beds 2 Baths 1,287 sqft Built 1960

$239,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $185.70
  • 4 Days on Market
  • MLS # : 6178066
  • Updated Date : 01/08/2021 at 15:25
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,287 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

If you love great curb appeal in a quiet community then this home is for you! This cozy 2 bedroom, 2 bath home has a 1 car-garage and an additional 3 paved parking spaces. Well cared for smoke free custom Sun City property boasts an open concept of dining/living areas with neutral paint, ceiling fans and title throughout. The updated kitchen is equipped with recessed lighting, built-in microwave, farmhouse sink, soft close cabinets and granite counter tops. With 2 spacious bedrooms both with walk-in closets gives you plenty of storage all through the house. The master bedroom has a full bath with french doors that lead to 400+ SqFt extended covered patio and a fire pit. This fully fenced low maintenance landscaped backyard is perfect for spending relaxing year-round afternoons and evenings

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.
 

$215,100$262,900$239,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$830
Property Tax -$127
Property Insurance -$52
HOA -$41
Property Management Fees -$99
CASH FLOW
$30

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.

$239,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$16,990

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,229

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$999
1$9992$1,1753$1,1804$1,2005$1,205
$1,205
RENT COMPS ANALYSIS
  • 12230 N Cherry Hills Drive W Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,287 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,287 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.92
    •  
  • 12235 N Cherry Hills Drive W Sun City, AZ 1
    • 2 beds 1 baths ∙ 1,138 Sqft ∙ Built 1960 2 beds 1 baths ∙ 1,138 Sqft ∙ Built 1960
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $999
    • $0.88
    •  
  • 12810 N 113th Avenue #7 Youngtown, AZ 2
    • 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1975
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.94
    •  
  • 11006 W Canterbury Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,236 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,236 Sqft ∙ Built 1960
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.97
    •  
  • 12432 N Riviera Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,167 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,167 Sqft ∙ Built 1960
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,205
    • $1.03
    •  
PROPERTY LISTING DETAILS
James Melendy
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178066
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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