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12319 W Rock Springs Drive Sun City West, AZ 85375

3 Beds 2 Baths 2,333 sqft Built 1980

$290,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $124.30
  • 6 Days on Market
  • MLS # : 6185957
  • Updated Date : 01/26/2021 at 21:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,333 sqft
  • Baths : 2 full
Listing Agent

Novus Realty Agency

Listing Agent's Description

NO HOA!!!! GORGEOUS AND SPACIOUS 3 BEDROOM 2 BATHROOM HOME COMPLETE WITH POOL! THE WEATHER IS COLD NOW BUT IT WON'T BE LONG UNTIL THE STATE HEATS UP AND A DIP IN A COOL SPARKLING POOL WILL BE THE BEST FEELING IN THE WORLD! MINUTES AWAY FROM THE FREEWAY AND A HUGE LOT FOR YOUR OWN PRIVATE DESERT OASIS. THE HOME ITSELF BOASTS OVER 2,000 SQ FT! NOT ONLY IS THIS GORGEOUS HOME NEAR THE FREEWAY BUT ALSO SHOPPING CENTERS, GOLF COURSE, FINE DINING, AND MORE! THIS HOME HAS IT ALL AND PICTURES DO NOT DO IT JUSTICE! MUST SEE IN PERSON TO APPRECIATE!!! AGENTS PLEASE TAKE A SPECIAL LOOK AT THE PRIVATE REMARKS AS THEY ARE OF UTMOST IMPORTANCE AND WILL MAKE SHOWINGS GO INFINITELY SMOOTHER! DON'T HESISTATE AND CALL NOW BEFORE THIS GOLDEN OPPORTUNITY IS GONE!!!

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
Valley Vista High School High Regular 2,457 101 4
Valley Vista High School High Unknown NA

Valley Vista High School

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

Valley Vista High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,007
Property Tax -$189
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
$442

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.

$290,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.6%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

13

YEARS SAVED

$60,427

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,656

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,485
1$1,4852$1,5503$1,6004$1,6755$1,810
$1,810
RENT COMPS ANALYSIS
  • 12319 W Rock Springs Drive Sun City West, AZ 5
    • 3 beds 2 baths ∙ 2,333 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,333 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.78
    •  
  • 12826 W Crystal Lake Drive Sun City West, AZ 1
    • 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1983
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.69
    •  
  • 13448 W Gable Hill Drive Sun City West, AZ 2
    • 3 beds 2 baths ∙ 2,516 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,516 Sqft ∙ Built 1983
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.62
    •  
  • 17814 N Conquistador Drive Sun City West, AZ 3
    • 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 1979
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.74
    •  
  • 18095 N Coyote Lakes Parkway Surprise, AZ 4
    • 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 1996
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.79
    •  
PROPERTY LISTING DETAILS
Ivon Estrada
Novus Realty Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185957
Last Updated: 01/26/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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