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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $142.32
- 6 Days on Market
- MLS # : 6166383
- Updated Date : 12/01/2020 at 16:30
CONSTRUCTION
- Beds : 2
- Floor Size : 1,862 sqft
- Baths : 1 full , 1 half
Listing Agent
Gillham Team Real Estate
Listing Agent's Description
Well-designed open Kitchen with ALL new cabinets, granite counter tops and stainless steel appliances. Living Room and Family Room Offers Infinite Adaptability to any decor or Color Scheme, Newer Energy Efficient Windows And Sliders, New Carpet and Tile throughout home, New paint throughout as well. Large Master Bedroom with walk-in closet. Spacious 2nd Bedroom With Ample Closet Space and door to hall bath. Large Utility Room With Extra Storage cabinets and wired with a 240 volt connection. 2 Car Garage with an evap cooler. Enjoy the Screened in Patio with a large back yard that is completely fenced in. The Listing Agent is a member of the LLC that owns the property. There is a skylight in the kitchen and the Hall bathroom.
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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 | $1,480 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$141 | |
| Property Insurance | -$63 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$158
|
||
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.
$265,000
PROJECTED PRICE
$1,480
PROJECTED RENT
0.56%
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
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
8.67
YEARS SAVED
$36,618
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
-
$1,355
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
12242 N Balboa Drive Sun City, AZ 1
- 2 beds 2 baths ∙ 1,862 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,862 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $0
- $0.00
-
12018 N Rio Vista Drive Sun City, AZ 2
- 2 beds 2 baths ∙ 1,946 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,946 Sqft ∙ Built 1978
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,350
- $0.69
-
12406 N 98th Avenue Sun City, AZ 3
- 2 beds 2 baths ∙ 2,100 Sqft ∙ Built 1979 2 beds 2 baths ∙ 2,100 Sqft ∙ Built 1979
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.69
-
11662 N Rio Vista Drive Sun City, AZ 4
- 2 beds 2 baths ∙ 2,025 Sqft ∙ Built 1978 2 beds 2 baths ∙ 2,025 Sqft ∙ Built 1978
LEASED 07/01/19- Rent
- Rent Per SQFT
- $1,525
- $0.75
-
11407 N Floral Court Sun City, AZ 5
- 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,999 Sqft ∙ Built 1978
LEASED 09/26/20- Rent
- Rent Per SQFT
- $1,550
- $0.78
PROPERTY LISTING DETAILS
Gillham Team Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166383
Last Updated: 12/01/2020
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.
