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12254 N Augusta Drive Sun City, AZ 85351

2 Beds 1 Baths 1,122 sqft Built 1960

$199,990

List Price

$1,070

$963 - $1.2K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $178.24
  • 7 Days on Market
  • MLS # : 6161134
  • Updated Date : 11/16/2020 at 14:01
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,122 sqft
  • Baths : 1 full
Listing Agent

A.z. & Associates

Listing Agent's Description

This home is a corner lot with a NEWER ROOF and Newer Water Heater 2020, The Carport is now a one car garage. The home is very brightly painted, and tile everywhere! The screened in porch in back is perfect with a gas fireplace. This home is in great shape and been well taken care of.

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.
 

$179,991$219,989$199,990

PURCHASE PRICE

$963$1,177$1,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,070
EXPENSES Loan Payment -$738
Property Tax -$106
Property Insurance -$49
HOA -$7
Property Management Fees -$99
CASH FLOW
$71

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.

$199,990

PROJECTED PRICE

$1,070

PROJECTED RENT

0.54%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,747

INVESTMENT

$58,747

Down Payment
$49,998
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,998
Loan Amount $149,993
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$22,434

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,070

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,114

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$999
1$9992$1,0703$1,2004$1,2005$1,205
$1,205
RENT COMPS ANALYSIS
  • 12254 N Augusta Drive Sun City, AZ 2
    • 2 beds 1 baths ∙ 1,122 Sqft ∙ Built 1960 2 beds 1 baths ∙ 1,122 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,070
    • $0.95
    •  
  • 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
    •  
  • 11006 W Canterbury Drive Sun City, AZ 3
    • 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
    •  
  • 10701 W Cherry Hills Drive W Sun City, AZ 4
    • 2 beds 1 baths ∙ 1,098 Sqft ∙ Built 1960 2 beds 1 baths ∙ 1,098 Sqft ∙ Built 1960
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.09
    •  
  • 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
Kristie J Lund
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161134
Last Updated: 11/16/2020
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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