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

12315 W Sonnet Drive Sun City West, AZ 85375

2 Beds 2 Baths 1,900 sqft Built 1980

INVESTimate

$285,000

List Price

$1,240

$1,116 - $1,364

Rent Est.

$306,632  ( +7.59%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $150.00
  • 9 Days on Market
  • MLS # : 6118900
  • Updated Date : 08/22/2020 at 21:44
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,900 sqft
  • Baths : 2 full
Listing Agent

Fusco Realty

Listing Agent's Description

Stunning Sun City West beauty. Retirement at its finest. Shows pride of ownership. Bring your fussy buyers. Owners have recently stuccoed and painted the home, installed new carpet, New barn look garage door, new tile in great room and bathrooms, Plantation shutters throughout, Conveniently located to shopping, emergency services, dining, entertainment, freeways, and places of worship.Buyers to verify pertinent information.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sun City West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10132109

* 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
Thompson Ranch Elementary School Primary Regular 979 46 2
Thompson Ranch Elementary School Middle Regular 979 46 2
Valley Vista High School High Regular 2,457 101 4

Thompson Ranch Elementary School

  • Education Level: Primary
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Thompson Ranch Elementary School

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$1,052
Property Tax -$164
Property Insurance -$59
HOA -$41
Property Management Fees -$99
CASH FLOW
-$174

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.

$285,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.59%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$7,158

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,236

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2403$1,2504$1,4255$1,485
$1,485
RENT COMPS ANALYSIS
  • 12315 W Sonnet Drive Sun City West, 2
    • 2 beds 2 baths ∙ 1,610 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,610 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.77
    •  
  • 12302 W Eveningside Drive Sun City West, 1
    • 2 beds 2 baths ∙ 1,391 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,391 Sqft ∙ Built 1985
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.86
    •  
  • 13217 W Mesa Verde Drive Sun City West, 3
    • 2 beds 2 baths ∙ 1,739 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,739 Sqft ∙ Built 1979
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.72
    •  
  • 12819 W Beechwood Drive Sun City West, 4
    • 2 beds 2 baths ∙ 1,950 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,950 Sqft ∙ Built 1979
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.73
    •  
  • 12706 W Blue Bonnet Drive Sun City West, 5
    • 2 beds 2 baths ∙ 1,950 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,950 Sqft ∙ Built 1981
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.76
    •  
PROPERTY LISTING DETAILS
Harriet Fusco
Fusco Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118900
Last Updated: 08/22/2020
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